News
Greystone Stays Bullish on Affordable Housing
In an exclusive video interview, CEO Stephen Rosenberg outlines the firm’s expansion strategy, including plans to increase investment in communities with on-site health-care services.
Raskin Holdings Sells Nashville Apartments for $50M
Covenant Capital Group picked up the 57-building, 379-unit community, funding the purchase with a five-year, $35 million Freddie Mac loan.
TN Apartments Land $17M Refi
CBRE Capital Markets originated the Freddie Mac mortgage, which retires a prior fixed-rate CMBS loan of $10.6 million taken in 2012.
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.