News
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.
JV Opens Affordable Senior Community in Metro Miami
The $36 million development is an age-restricted community encompassing 110 units in Broward County. Housing Trust Group and Miami Jewish Health Systems broke ground on the project in 2018.
FirstService Tapped to Manage Dallas Community
The company was selected by Trammell Crow Residential to oversee the 150-unit Carlisle & Vine, a recently built luxury rental property located in the city’s Uptown neighborhood.
Portland-Area Apartments Trade for $29M
Pathfinder Partners added to its multifamily value-add platform with the acquisition of a 132-unit community.
Work Starts on $100M Tampa Luxury Project
Index Investment Group has teamed up with local developer Richard Coley to bring a 444-unit apartment community to the Gulf Coast.
Austin Multifamily Report – Spring 2019
Rents increased by 4.5 percent year-over-year through February, despite robust deliveries throughout 2018, when nearly 11,000 units came online.