News
Cortland Partners to Acquire Canadian REIT in $1.2B Deal
An affiliate of Cortland has agreed to buy Pure Multi-Family REIT in an all-cash transaction that will include more than 7,000 multifamily units.
Cleveland Multifamily Report – Summer 2019
The metro’s multifamily sector remained relatively stable in early 2019, with rents increasing 2.4 percent year-over-year through May, just 10 basis points below the national average.
Cushman & Wakefield Brokers $22M Deal in SC
Upstate Property Rentals sold the 22-building, 352-unit property to Nakash Family Land Trust and Mendel Fischer. The asset is located on the I-85 corridor.
Energesco, FCP Invest in Energy Efficiency at The Woods at Addison
The project is partially financed through a grant from the Maryland Department of Housing and Urban Development’s Multifamily Energy Efficiency and Housing Affordability Program.
White Eagle Property Group Buys Charleston Community
The firm has added to its portfolio a 264-unit property located in Charleston, S.C. FCP and High Real Estate Group sold the asset for $36.1 million.
New Student Housing Community Set to Open in FL
The 96-unit student housing community marks Mallory & Evans Development’s first project in the Florida market. The property is scheduled to open in August.
New Jersey Luxury Project Receives $60M Construction Loan
Cushman & Wakefield secured the financing for a joint venture of PCD Development and Saber Real Estate Advisors. The loan will be used for the construction of a 421-unit high-end community in Bogota, along the Hackensack River.
Lee & Associates Adds South FL Principal
Alex Pappas has more than 25 years of international industry experience. In his new role, he will focus on multifamily and mixed-use development.
$1B Redevelopment Breaks Ground in Baltimore
The city’s housing authority started the first phase of a six-year plan that will create 1,345 new residential units, as well as a variety of community resources and services.
Goldman Sachs Provides $106M Loan for Nashville High-Rise Project
Plans for the 29-story SoBro development call for 354 units above a podium with four levels of parking and 7,600 square feet of retail space.