News
Luxury Mixed-Use Project Breaks Ground in NY
The 60-unit community is located in the heart of New Rochelle, a suburb of New York City that is in the midst of an ambitious revitalization plan.
Sacramento Multifamily Report – Spring 2019
Limited housing supply and growing demographics continue to put pressure on the metro’s apartment market. Rents rose by 4.6 percent year-over-year through March, well above the national average.
Greystar Takes $72M Construction Financing in Nashville
Northwestern Mutual provided the seven-year mortgage to fund development of the 300-unit high-rise in The Gulch, a hotbed of development activity in the city center.
Arbor Realty Finances Charlotte Acquisition
The purchase brings FriedLam Partners’ Charlotte portfolio to 11 market-rate multifamily properties totaling more than 1,500 units across the metro.
Raleigh-Durham Community Sells for $38M
The deal marks Centennial Holding Co.’s second major sale of the year. The firm acquired the asset from Dominion Realty Partners in 2014 for $32.3 million.
Wood Partners Breaks Ground on Seattle Community
Located in the historic Columbia City neighborhood, the 243-unit Alta Columbia City marks the company’s third multifamily project in the metro.
Olympus Property Grows DFW Portfolio
The new owner financed the acquisition of the 248-unit Olympus Team Ranch in Benbrook, Texas, with a $23.1 million, 10-year Freddie Mac loan.
Denver Community Gets New Management
The owner of the 322-unit multifamily asset, Investors Management Group, signed The Laramar Group to take over property operations from ConAm Management.
Passco Buys 380-Unit San Antonio Community
Situated within the 1.8 million-square-foot The RIM mixed-use development, Tribute at the Rim grants access to the metro’s major employers.
Oden Hughes Breaks Ground on Houston Project
The developer began construction of a 380-unit luxury community in the Clear Lake suburb. With MXCAP as a major investor, the project is slated for completion in mid-2020.