News
In the Spotlight: Atlanta’s Multifamily Market
Tom Underwood, operations director at Hoar Construction, addresses the factors shaping the metro’s multifamily market, including challenges in the construction sector.
Fully Affordable Portfolio Trades in OH
Independent Management Services purchased Shelton Gardens and Reids Valley View Manor for $4.8 million. The two assets have 254 units combined.
Philadelphia Luxury Community Gets Fannie Mae Refi
Arbor Realty Trust Inc. has provided a $6.4 million Fannie Mae loan for a recently completed 39-unit multifamily property in the Point Breeze neighborhood.
1st Phase of Affordable NJ Project Opens
The Jersey City Housing Authority and The Michael’s Org. unveiled the first 21 units of Mill Creek Gardens. When complete, the property will encompass 126 apartments.
Brooklyn Multifamily Report – Winter 2019
The borough’s stock expansion reached a new cycle peak in 2018, with most of the new supply geared toward high-income residents.
Blaze Partners Acquires NC Luxury Asset
Completed in 2015, The Gibson was built on the site of an historic recording studio in the Plaza Midwood neighborhood of Charlotte.
JV Secures Construction Loan for Charlotte Development
A Walker & Dunlop team arranged the financing for Mosby University City, a 309-unit community developed by Middleburg and The Mattoni Group.
Phoenix Senior Living Community Begins $260M Redevelopment
The Weitz Co. has started construction of 34 patio homes at Beatitudes Campus as the first phase of a comprehensive eight-year expansion plan.
HFF Lands $29M Loan for Dallas-Area Community
The financing arranged by NXT Capital will be used for the acquisition of a 250-unit, Class B apartment property in Plano, Texas.
Phoenix Community Sells for $52M
Wood Partners sold the transit-oriented community to FSC Realty in a transaction brokered by Institutional Property Advisors.