News
Multifamily Chicago Report – Winter 2019
Demand is strong across the metro, as Millennials continue to move into well-located, modern apartments, pushing rent growth to its highest rate in two years.
Miami High-Rise Lands $92M Financing
Modera Metro Dadeland, completed in 2017, has 422 apartments within walking distance of the Dadeland North Metrorail station.
Gadsden Growth Acquires Bay-Area Asset for $240M
Mission Hills Square in Fremont, Calif., has 158 residential units and 53,900 square feet of retail space. The mixed-use development is expected to be completed in October.
Multifamily Houston Report – Winter 2019
Despite a deceleration in rent growth following record deliveries over the past three years, investment sales for 2018 totaled more than $4.5 billion through November.
NorCal Asset Trades for $18M
Paradise Apartments in Chico changed hands for $110,976 per unit. The Mogharebi Group worked on behalf of both parties in the transaction.
2 Bay Area Properties Trade for $20M
The assets add up to 58 units and are both located close to several large tech employers. Levin Johnston brokered the transactions.
Four Mile Capital Expands VA Footprint
The firm purchased a two-property portfolio totaling 234 units and plans a capital improvement plan to upgrade interior units and amenity spaces.
Indus Management Group Acquires Houston Asset
Vanderbilt Court, located in southwest Houston, was purchased for $11 million. The buyer secured an $8.2 million loan for the property.
236-Unit Community Underway in Miami
Developed by Asia Real Estate and a Canadian pension fund, the building will replace the former American Legion Post 29, which for decades has been a popular spot in the city’s MiMo District.
Leader of the Pack: Residents Sound Off on Delivery Services
The explosion of e-commerce has led apartment communities to upgrade how they handle packages and deliveries—but how do residents feel about the changes?