News
Nashville Community Changes Hands for $27M
NexPoint Residential Trust acquired the 210-unit suburban Class B garden-style property, financed by a 7-year, $17 million Freddie Mac loan.
A Closer Look at Freddie Mac’s Rent Affordability Initiative
Freddie Mac Multifamily’s Kelli Carhart speaks about the financier’s latest debt program meant to help borrowers consider affordable housing as a viable investment. Property owners receive favorable loan pricing in exchange for maintaining rents at moderate levels.
Recently Completed Community Trades in Houston
American Landmark and Electra America have acquired Haven at Liberty Hills, a 246-unit community in the metro’s eastern area.
Columbus Leads Midwest Growth
The metro’s average multifamily rent rose by 4.2 percent year-over-year as of June, outpacing the national rate and showing the fastest growth among major Midwestern cities.
Leon Capital Group Sells 2 TX Assets
Madera Residential has acquired the 168-unit Hillstone on the Trail and the 166-unit Hillstone Trinity Oaks in Benrook.
CBRE Brokers the Sale of 2 CA Properties
The properties, located in the Inland Empire and Orange County, sold for a total of $10.8 million.
Construction Surge Hinders Rent Growth in Austin
Supported by an expanding population and robust job growth, multifamily demand remains consistent in the metro, where the average rent rose 1.3 percent year-over-year through June.
In Case You Missed It: MHN’s Top 5 Posts in August
Miss out on any of our articles? Catch up with five of our most popular posts for the month.
Health Care, Technology Drive Growth in Pittsburgh
A recent boost in higher-paying jobs will bolster multifamily demand this year, especially in the metro’s downtown area, which experienced a 24 percent population surge from 2010 to 2017.
Greystone Provides $34M Fannie Mae Loan
A New Jersey company acquired the 143-unit community. Park Square West offers 29 affordable units for renters earning 50 percent of the area median income.