News
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.
When Affordable Housing Clicks with Technology
Massachusetts Housing Partnership’s Susan Connelly, MPZ Development’s Mathieu Zahler and coUrbanize’s Karin Brandt discuss the ways online outreach tools can spur civic engagement and address community issues.
Queens Multifamily Report – Winter 2019
Continuing to benefit from Manhattan’s spillover effect and steady job gains, the borough’s rental market ended 2018 on a positive note.