News
NC Community Changes Hands for $14M
Tribute Properties sold the 152-unit garden-style property to Cohen Investment Group. Deerbrook is spread across 18 buildings and is located in Wilmington, N.C.
Trez Capital Secures 2 Construction Loans
The 136-unit property and the 123-unit community are part of a five-property project developed in a partnership between Trez Capital and NexMetro.
Atlanta Multifamily Report – Winter 2019
Solid population growth and a strong economy continued to boost Atlanta’s rental market, with the city ranking third for rent growth among major U.S. metros last year.
Berkadia Arranges $125M Financing for VA Properties
Totaling 655 units, the upcoming Magnolia Green Apartments and Faraday Park at Reston Station communities are located in Moseley and Reston.
Houston Community Receives $26M Loan
Park Texas Apartments’ 587 units spread across 51 two-story buildings. The garden-style community is undergoing extensive capital improvements, following damage caused by Hurricane Ike.
TGM Acquires Fort Lauderdale Community
Renamed TGM Harbor Beach, the community offers access to amenities such as a bark park and game room. This purchase is the firm’s eighth investment in Florida.
Fannie Mae Report Predicts Economic Slowdown
The GSE estimates 2.2 percent GDP growth in 2019—a 90 basis-point year-over-year decline largely attributed to the fading impact of the 2017 tax cuts—as well as decelerating business investment and consumer spending.
Haas Door Expands Aluminum Garage Door Series
Residential Aluminum 360’s new impact-resistant glazing meets design requirements for high-wind areas.
Fast East Orchard Pays $72M for UK Student Housing Portfolio
The Singapore-based company acquired three student accommodation properties totaling 622 beds in Bristol and Liverpool as part of its strategy to expand in university cities with large student populations.
UK-Based Co-Living Operator Expands NYC Footprint
The Collective made its third investment in the city by acquiring the Paper Factory Hotel in Queens, which will be converted into a short-stay co-living facility.