News
Bellwether Enterprise Arranges $10M for Affordable Virginia Asset
The company’s Senior Vice President of the Alabama office, Jon Killough, arranged the financing on behalf of LEDIC Realty, for Willow View Townhomes in Staunton.
Changes to HUD’s REAC Scoring System
At the National Apartment Association’s Apartmentalize conference in Denver, panelists discussed key federal legislative regulatory issues impacting affordable housing.
SC Luxury Retirement Community Sells for $35M
Senior Living Communities acquired the 248-unit, entrance-fee continuing care retirement property located near Sesquicentennial State Park. Cushman & Wakefield assisted the seller in the disposition.
Leveraging Resident Feedback to Enhance NOI
Can net operating income be significantly improved with good customer service? Property managers and owners explored that compelling topic last week at the National Apartment Association’s Apartmentalize conference in Denver.
JV Acquires Tampa Multifamily Portfolio for $64M
TruAmerica and RSE Capital Partners purchased a 262-unit community in Palm Harbor and a 192-unit asset in Pinellas Park. Newmark Knight Frank marketed the properties on behalf of the seller.
NCCU Breaks Ground on 2 Student Housing Communities
Scheduled for completion in 2021, the properties will feature 1,247 beds. An additional residential hall, Lawson Street Residential Hall, is projected for completion in 2021.
EJF Capital Bets on $86M Jacksonville Opportunity Zone Project
The alternative asset manager has joined forces with Chance Partners on the 486-unit community in the city’s San Marco neighborhood, adding to a string of deals in tax-friendly areas.
Queens Multifamily Report – Summer 2019
The borough’s rents increased just 0.6 percent year-over-year through April, partially due to New York City’s pressing affordability issues and regulatory uncertainty.
Metro Atlanta Community Commands $19M
An affiliate of The Beach Co. acquired the 156-unit multifamily asset in Austell. The new owner will continue the interior unit upgrades started by the seller, Arcan Capital.
Philadelphia-Area Property Lands New Owner
HFF arranged the sale of Riverwalk at Millennium in Conshohocken, Pa., to Relative Properties and secured Freddie Mac financing for the buyer.