News
Screening With Tech: What You Need to Know
Yardi’s Patrick Hennessey and Equifax’s Tyler Sawyer reveal the subtleties of using cutting-edge tools and data to identify the right renters. The two also address the implications of real-time decision-making in the business.
Top Multifamily Completions in Austin
Developers delivered more than 7,800 units to the city’s housing stock in the 12 months ending in May, with the bulk designed for the upscale Lifestyle segment, according to Yardi Matrix.
Affordable Housing Is a National Math Problem
Financing the development and preservation of low-income units is a challenge in today’s dynamic marketplace, so private organizations are taking matters into their hands.
Top Multifamily Completions in Las Vegas
As rent growth remains among the strongest in the nation, developers are warming up to the metro’s suburban areas, expanding rental product in the area.
Trammell Crow Residential Breaks Ground on CA Luxury Development
The $90 million Alexan Downtown Danville will feature 144 units and is the first new apartment property of scale approved for Danville, Calif., in decades.
JV Closes on $57M Canadian Multifamily Portfolio
Marlin Spring and Greybrook Realty Partners teamed up to purchase a 520-unit, four-building portfolio in the capital city of Ottawa and nearby Gatineau.
North Carolina Student Housing Community Lands $19M Loan
Hunt Real Estate Capital provided the 10-year Fannie Mae financing for the 270-bedroom community just outside of Wake Forest University. The borrower completed an expansion of the property earlier this year.
White Eagle Buys Charlotte Community for $32M
The company purchased the 240-unit York Ridge from FCP and High Real Estate Group with plans to reposition and rebrand the asset, in the latest deal for the city’s robust multifamily sector.
MassHousing Provides $36M in Financing for MA Affordable Housing
The former Worcester County Courthouse will be redeveloped by Trinity Financial into 117 apartments, including 45 workforce housing units and 13 for extremely low-income residents.
San Jose Multifamily Report – Spring 2019
The market’s strong economy and highly skilled renter cohort continue to support substantial rent growth. The average rent stood at $2,872 as of March, roughly double the national figure.