News
Dougherty Mortgage Refinances Memphis Community
The nearly $21 million Fannie Mae loan retires $15 million in HUD financing, which Wells Fargo Bank provided to the owner in 2011.
Tennessee Portfolio Changes Hands
Monarch Investment & Management Group purchased the five communities totaling 665 units in Jackson. The previous owner, McDowell Properties, had invested more than $3 million in capital improvements.
A Closer Look at Affordable Development in Houston
Rick Guttman, founder of local firm Dakota Enterprises, talks about what is driving the metro’s multifamily market as well as its most stringent issues.
Top 5 Multifamily Transactions in Pittsburgh
While investment volume across the metro has fallen sharply since 2017, investors are shifting focus to suburban locations where value-add deals present higher yields.
JLL Finances Little Rock Multifamily Acquisition
The buyer, a joint venture between MLP Investments and Vesta Realty, paid more than $13 million for the 280-unit Class B community.
Wisconsin Housing Project Scores LIHTC Financing
Monarch Private Capital has partnered with KCG Cos. to redevelop an old tannery in downtown Sheboygan into a $28 million, 149-unit affordable apartment community.
$320M San Francisco Project Gets Capital Infusion
Stockbridge Capital Group is reportedly investing $130 million of equity into 1629 Market St., a fully entitled, 420-unit development that will offer a mix of affordable and market-rate.
Origin Investments, Sherman Associates Break Ground on Metro Denver Project
Aspire of Westminster is part of the 105-acre Downtown Westminster master-planned development on the former site of a regional shopping mall.
Finding Value in Houston’s Multifamily Market
Sanmore Investments’ owner, Boris Sanchez, touches on multifamily investment and value-add opportunities in an often-overlooked part of the Texas metro.