News
Chicago Multifamily Report – Winter 2019
Rent growth in the metro continued to accelerate and reached 3.2 percent year-over-year as of January, due to increasing demand, particularly for Lifestyle units.
Timberland Partners Expands Multifamily Portfolio
The transactions are the company’s fifth property in the St. Louis metro and first in the state of Arkansas.
Greystone Launches Leasing at Miami-Area Luxury Community
RKW Residential is the leasing agent for The Aura, a 100-unit mixed-use property in Coral Gables, Fla. CBRE was selected to lease the retail portion of the building.
Fore Property Names Tampa VP, Office Head
Having most recently worked for CBRE as managing director, Chase Pattillo holds more than two decades of multifamily and commercial real estate experience,
Charlotte Community Trades for $46M
The 324-unit garden-style property changed hands with the help of a $31.2 million Freddie Mac acquisition loan arranged by Berkadia.
JV Acquires Denver Portfolio for $177M
Oak Coast Properties and BMC Investments will rebrand the properties as a single community serving workforce renters. HFF arranged a $120 million Freddie Mac acquisition loan for the three assets.
Alliance Residential Opens Portland Community
The developer broke ground on the 147-unit Class A project, known as Broadstone Reveal, in mid-2017, with BMO Harris Bank providing construction financing.
Freeman Webb Sells Nashville Apartments for $24M
NexBank provided the buyer with nearly $19 million in acquisition financing for the 192-unit multifamily asset in the East Nashville/Inglewood submarket.
Detroit Multifamily Report – Winter 2019
Demand is steady in Detroit, bolstered by household formation and job gains. Drawn by the metro’s low entry costs and attractive yields, investors are targeting assets with a value-add component.
How to Avoid the Dangers that Accompany Smart Home Connectivity
Now that personal data has become valuable currency for tech companies and advertisers, consumers are more and more concerned about the security of smart home devices.