News
LA Community Sells for $26M
An institutional investment fund purchased Morton Gardens, a 66-unit community in the city’s Echo Park neighborhood.
Multifamily Brooklyn Report – Winter 2019
Despite a significant rise in deliveries, rents for Lifestyle units grew 3.4 percent and the occupancy rate stayed at 98.1 percent, among the highest in the U.S.
Nautilus Buys Community in Chicago’s Hyde Park
Interra Realty facilitated the $6 million transaction. Joe Smazal worked on behalf of the seller, while Ted Stratman and Jeremy Morton represented the buyer.
Former MA Dormitory Turns Into Affordable Community
Kennedy Hall at Cardinal Cushing Center found new life as the 37-unit Bethany Apartments. NEI General Contracting, The Architectural Team and Horsley Witten Group were part of the project.
Draper and Kramer Makes New Promotions
Edward Polich, Blas Puzon, Julie Stevlingson and Christine Ramsey moved to new positions or expanded their roles within the company’s Chicago office.
In Case You Missed It: MHN’s Top 5 Posts in January
Miss any of our articles? Catch up with five of our most popular posts for the month.
Upscale Senior Living Community Coming to Suburban Philadelphia
South Bay Partners and LAMB Properties have joined forces to develop a 250-unit luxury senior housing community which will focus on holistic aging. The project is slated for completion in early 2021.
MD Apartments Change Hands in $87M Deal
The Donaldson Group partnered with Declaration Capital and a fund managed by DRA Advisors to acquire a 592-unit garden-style community in Silver Spring, with plans to renovate the asset in the year ahead.
Strategies and Tactics for Reducing Tenant Turnover
Tenant turnover costs your property thousands of dollars per year. Learn what property managers from Greystar, Kettler, and Hines are saying about reducing it in this 34-page guide.
The Walden Group Pays $107M for Southern Portfolio
The 18-property, 1,858-unit portfolio of apartment communities is spread throughout six states. Several of the properties were acquired through proceeds from 1031 exchanges.