News
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.
Atlanta-Area Community Changes Hands
Bridge Investment Group acquired a 308-unit multifamily property in western Gwinnett County. CBRE assisted the seller in the disposition.
Ventas to Acquire $1.8B Canadian Senior Housing Portfolio
In a partnership with Le Groupe Maurice, the company has signed an agreement to acquire 28 communities totaling nearly 8,000 units across the province of Quebec.
Glendale Apartment Portfolio Commands $79M
Raintree Partners has purchased seven multifamily properties and added 231 units to its growing portfolio of smaller multifamily properties in urban California locations.
Leviton Smart Load Center Lets Users Trip Circuits from Afar
The new product comes with high-tech features that give residents and property owners unheard-of monitoring and control of the home electrical system.
NHI Venture Buys Senior Housing Portfolio for $128M
The REIT has teamed up with affiliates of its existing tenant, Discovery Senior Living, to acquire six communities across three states, totaling nearly 600 units of independent and assisted living and memory care facilities.
AvalonBay Starts Development of Mixed-Use Project in New York
Avalon Harrison, located next to a commuter railroad station in Harrison, N.Y., will have 143 luxury rental units and 27,300 square feet of retail along with new parking and public plazas.
More Americans Struggle with Rent as Land Prices Skyrocket
A new report by Berkadia finds that the proportion of rent-burdened households rose 9 percent from 1997 to 2017, as the nation’s housing woes spread out from the big cities.