News
Electra America, American Landmark Purchase San Antonio Community
The new owner rebranded the 306-unit property as Alon at Castle Hills and assumed the existing $24 million Fannie Mae financing.
Westmount Expands San Antonio Presence
The new owner intends to invest in a capital improvement program on both interiors and exteriors at the 300-unit The Pointe at Ramsgate.
Charlotte Community Trades for $34M
Greystone provided the buyer, Dasmen Residential, with a 10-year Freddie Mac acquisition mortgage for the Class B, 320-unit multifamily asset.
Top 10 Apartment Owners in Columbus
The metro region’s multifamily owners are focused on investing in the capital city itself, though that may change.
NYC Public Housing Could Hit Breaking Point by 2027
The New York Building Congress estimates that, in less than a decade, the cost of repairing the city’s aging public housing properties will exceed replacement cost.
$79M Mixed-Use Project Coming to Suburban Denver
A joint venture of Northstar Commercial Partners, Milender White and Canyon Partners Real Estate will break ground this month on a 216-unit community in Aurora, Colo. The development will also include 36,000 square feet of retail.
Blackstone Buys $159M Las Vegas Portfolio
The deal, one of the metro’s largest this year, included two newly completed Class A communities comprising nearly 700 units.
Palo Alto Housing Breaks Ground on $42M Project
As the Bay Area residential crisis rolls on, the developer will bring 67 much-needed affordable housing units to Redwood City.
Phoenix Realty Group Expands in Colorado
The multifamily investor has ventured north of the Denver area to purchase a 16-building community in the rapidly growing city of Fort Collins.
FL Affordable Senior Community Gets $20M in Loans
The new owner plans to invest approximately $3.6 million in renovations at the 104-unit property located in Pinellas County. Hunt Real Estate Capital provided the financing.