News
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.
New York City Luxury Tower Gets $215M Refi
The 450-unit residential building, the tallest tower in Queens, opened in 2017 and was developed by Heatherwood Luxury Rentals.
Alliance Residential Sells Luxury Phoenix Asset for $84M
The seller opened the 316-unit Class A community in summer 2018. Thrivent Financial provided the buyer with more than $50 million in acquisition financing.
North FL Value-Add Apartments Sell for $13M
NorthMarq Capital originated more than $8 million in acquisition financing through Freddie Mac for the purchase of the 100-unit Class B asset.
AL Community Changes Hands
Colliers International East Region Multifamily Advisory Group facilitated the sale of Barrington Place at Somerset, a 376-unit community in Montgomery.
Cortland Buys Phoenix Community for $62M
Walker & Dunlop originated a nearly $55 million, 10-year acquisition mortgage through Freddie Mac for the 368-unit Class A property.
Partially Affordable Community Trades in Phoenix
The property was completed in 2001 under Section 42 LIHTC provisions. The community is near the Interstate 10 employment corridor and approximately 36 miles from downtown Phoenix.
Downtown KC Community Changes Hands
The Landings at River Market encompasses 141 units and is located in the city’s River Market neighborhood. The previous owner upgraded nearly half of the units.