News
Howard University Expands Partnership with Corvias
The public-private partnership has already completed the $71M renovation of two residence halls housing more than 2,000 students and staff in Washington, D.C.
Poll: Privatizing GSEs
MHN has a new poll! We want to know how your business will be impacted if congress elects to privatize the GSEs.
Equity Residential Acquires $111M Denver Asset
The 18-story community is situated in Denver’s Golden Triangle neighborhood, offering convenient access to various dining, shopping and entertainment venues.
Multifamily Seattle Report – Winter 2019
Although long-term demographic and economic trends are still pushing up demand in the metro, accelerating deliveries have managed to dampen rent growth.
Westside Capital Buys Jacksonville Property
The 176-unit multifamily asset changed hands for $13.2 million, which is more than 50 percent higher than the seller’s acquisition cost in 2014.
SoCal Luxury Community Breaks Ground
Modera San Diego, a 368-unit upscale multifamily property in the city’s East Village neighborhood, will welcome its first residents in spring 2021.
NJ Mixed-Use Development Site Commands $48M
Meridian Investment Sales represented both parties in the deal for the 3.4-acre lot, which will be turned into five buildings consisting of 477 residential units and some 23,000 square feet of retail space.
Stonehenge NYC Names New VP
The firm hired Kunal Chothani, an industry professional who will serve as vice president of acquisitions. Prior to this role, Chothani was head of the New York subsidiary of Akelius Residential Property AB, where he managed transactions and assets valued at more than $1 billion.
Trinity Real Estate Sells Atlanta-Area Community
The buyer paid $11 million for the 352-unit Class C asset, with Arbor Realty Trust providing $12.5 million in acquisition and development financing.
5-Building St. Louis Community Changes Hands
The 104-unit Tuscany Village, built in 1972, last traded in 2014 for nearly $3 million, six months after a foreclosure action.