News
Austin Condo Project Scores $88M Loan
Pearlstone Partners and Newgard Development Group will use the construction financing to break ground on the 249-unit property in the city’s Rainey Street District by the end of June.
ULI Sees “Attainable Housing” Crunch for Middle Class
In a finding with far-reaching implications for the multifamily sector, ULI reports that modestly priced, new for-sale homes have nearly disappeared in most areas of the country, leaving middle-income Americans in the lurch.
JV Gets $35M Refi for 604-Unit Portfolio
Auerbach Funds and Blue Magma Residential secured the loan with Greystone for a three-property multifamily portfolio located in the Southeast.
KeyBank Originates $66M in Financing for NY Senior Housing Assets
The lender’s Healthcare Group arranged a $45.8 million first mortgage and a $20.1 million first mortgage through Freddie Mac to refinance two properties.
Midwestern Markets Offer Best Risk-Adjusted Returns
Cities in Ohio and Texas dominated Compound Asset Management’s top-10 list of the most attractive metro areas as residential investment targets. California accounted for the four worst.
Vermilion Opens 119-Unit Assisted Living Property in Fort Wayne
The developer’s eighth community under the Silver Birch brand spans 97,000 square feet in Fort Wayne, Ind. HED designed the Z-shaped facility, which has a project cost of $23 million.
NYC Mixed-Use Project Breaks Ground
A trio of developers are behind a 19-story building that will offer more than 400 mixed-income apartments in the East Harlem neighborhood.
Affirmed Housing Breaks Ground on Orange County Affordable Project
Della Rosa in Orange County, Calif., will serve as permanent supportive housing for the chronically homeless and families earning up to 50 percent of the area median income.
The May Digital Issue of MHN Is Now Available!
Now you can get trend and strategy insights two different ways: Leaf through the Multi-Housing News digital digest for a quick read, or click on individual articles for an in-depth look at each of the topics that most interest you.
NYC Looks to Co-Living for Shared Housing Template
ShareNYC is a pilot program designed to bring a new and much-needed apartment type to the city’s affordable stock.