News
Rent Control Fight Expected to Continue After Prop 10
Proposition 10, a statewide ballot initiative designed to expand rent control in California, was defeated in a well-funded campaign led by multifamily industry leaders. Now they hope to put the focus on expanding affordable housing opportunities.
Jacksonville Community Changes Hands for $20M
The seller, Kite Realty, completed the 130-unit luxury property in 2017. The new owner took a $13.3 million acquisition loan from Thrivent Financial.
Soaking Up Opportunities in the Sun Belt
American Landmark Apartments CEO Joe Lubeck reveals his company’s investment strategy and what he sees stoking the hot Southern secondary markets.
MA Community Receives $120M Loan
The 392-unit rental property in Cambridge is LEED Silver-certified. Greystar acquired the asset last year as part of its acquisition of Monogram Residential Trust.
KeyBank Arranges $291M for Senior Housing Portfolio
The loan, which was secured through Freddie Mac and closed in two tranches, was used to acquire 17 properties totaling 2,193 units.
NJ Community Changes Hands for $43M
The 12-story residential property is located in the heart of Fairview in Bergen County and that drove investor interest. The Fairview was renovated in 2017.
Greystar Opens Luxury Community in FL
The company has added 286 units to its portfolio. The property is located in the Rosemary District of Sarasota, Fla.
Legrand to Team Up With Samsung for Smart Lighting Solution
The new lighting product connects with existing smart-home solutions so that lamps, small appliances and whole-home lighting systems can be controlled remotely via the Legrand Smart Lights app or within the home through voice-enabled assistants.
Tampa: A Must-Have for Real Estate Portfolios
Steve Patterson of Related Development reveals to MHN all the reasons why the metro is a winning bet. The CEO touches on the current multifamily landscape and also shares his predictions about how the real estate market here is going to evolve.
KeyBank Provides $64M Loan for Affordable NJ Asset
The refinancing will also help rehabilitate Grace West Manor, a 429-unit Newark community built in 1978. The property serves individuals aged 62 and over.