News
2018 NMHC’s OpTech Conference & Exposition Coverage
From sessions ranging from topics on crisis management, artificial intelligence, tech amenities and smart homes, the conference covered an array of subjects that are continuing to both disrupt and enhance the market.
JVM Completes Renovation in Indianapolis
The community underwent major renovations, including a new pet-washing station, an upgraded fitness center, a coworking lounge, a redesigned clubhouse and new furniture for the pool.
Lantower Acquires Charlotte Community
Rebranded as Lantower Waverly, the 375-unit community in Ballantyne features amenities such as a saltwater pool, game tables and a clubroom.
Koontz Breaks Ground on San Antonio Community
The Class A apartment community is located in the city’s northwest submarket between USAA and the South Texas Medical Center.
Prism Multifamily Buys Las Vegas Portfolio
The four Class A and Class B communities add up to almost 500 units and commanded a price tag of nearly $47 million.
Coastline Management Pays $19M for Tampa Community
Walker & Dunlop provided the buyer with more than $17 million in acquisition financing for the 212-unit Class B multifamily asset.
JV to Preserve Affordability of 300 Units in Denver
The Community Development Trust and Rocky Mountain Communities signed a $25 million recapitalization deal for Garden Court Apartments near Aurora, Colo.
Salt Lake Community Changes Hands
Nitya Capital is the new owner of the 151-unit Class B community in the city’s downtown, after funding the purchase with more than $27 million in acquisition financing.
Promark Buys Baltimore-Area Community
The firm acquired the 54-unit Class B community in Glen Burnie, Md., for more than $7 million, using a $6.1 million acquisition loan.
Lincoln Avenue Enters Baltimore Market
The buyer financed the roughly $14 million purchase of the 321-unit fully affordable community with a $14 million acquisition and development loan.