News
Chicago Multifamily Investment in Focus
Pioneer Acquisitions’ James Peterson Jr. names the city’s most attractive submarkets and sheds light on trends for Chicago investors to watch.
The Michaelson Group, GMF Capital Buy Tampa Community for $43M
The partnership has received $34.6 million in financing to purchase a 384-unit community situated approximately 10 miles from Tampa’s downtown.
Freddie Mac Names New CEO
David Brickman, the GSE’s president, will succeed retiring CEO Donald Layton on July 1 and join the board of directors. Last September, the agency announced it would conduct a search that included Brickman.
Phoenix Multifamily Report – Winter 2019
Attracted by the market’s strong fundamentals, investors closed a whopping $5.9 billion in multifamily sales in 2018, while developers also marked a high point with the delivery of 8,162 units.
Pollack Shores Launches Opportunity Zone Initiative
The multifamily developer and investment firm already has two projects underway in Atlanta and Charleston, S.C., with several more on the way across the Sun Belt.
JV Lands $75M Financing for Denver Luxury Tower
HFF secured the loan for The Confluence on behalf of National Real Estate Advisors and PMRG. Proceeds will be used to retire existing construction debt on the 287-unit property.
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.