News
Olympus Property Adds OC Community to Its Portfolio
360 Residential sold the recently completed 280-unit, boutique-style, luxury development located in Irvine, Calif., approximately 3 miles from John Wayne International Airport.
BCB Secures $78M Refi Loan for NYC Portfolio
The six communities are located on Manhattan’s Upper West Side and have undergone $10 million in capital improvements since they were acquired in 2014.
San Francisco Portfolio Sells for $260M
Hunton Andrews Kurth represented the seller, Nahla Capital, in its disposition of 30 assets totaling 400 units.
Ismael Leyva Architects Selected for Flushing Mixed-Use Project
The seven-story building will feature 103 rental apartments, 31 of which will be designated as affordable. The development is slated for completion in late 2019.
Slower Growth Ahead for Nashville
Asking rates are expected to rise more gradually in the face of robust development—mostly comprising upscale projects—with the average rent reaching $1,216 as of August.
Fort Worth Multifamily Community Changes Hands
The property is situated within the 63-acre Waterside mixed-use development and offers quick access to the Arts District and Downtown.
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.