News
AZ Asset Changes Hands for $23M
Sheiner Group has acquired Wilshire Pines, a 173-unit property in Tempe. The 1979-built community includes two pools, barbecue areas and covered parking.
Which Concessions Give the Biggest Bang for the Buck?
Now is the time to plan for the seasonal slowdown in multifamily leasing. Find out how to attract new residents and keep current renters happy.
Job, Population Growth Bolsters Demand in Houston
After a prolonged dry spell, multifamily rent growth is once again outpacing the U.S. average, reaching 3.9 percent for the 12 months ending in June.
Buyer Inspections and Selling a Property ‘As Is’
A senior associate from Marcus & Millichap discusses three steps that savvy owners of small- and mid-sized apartment buildings can take to avoid buyers requesting concessions or the deals falling out of escrow.
Student Quarters Makes First Housing Purchase in OK
Millennium Student Apartments near the University of Oklahoma houses 698 residents in 196 apartments and includes a pool, athletic fields and transportation to campus.
TD Bank Closes $18M Loan for Bronx Affordable Housing
Working on behalf of developers MHANY Management Inc. and We Stay/Nos Quedamos Inc., the loan will go towards the second phase of Phoenix Estates, a 180-unit building in Hunts Point.
Tarlton Renovates 2 Historic St. Louis Properties
The $28 million project transformed the former Shriners Hospital for Children and Central Institute for the Deaf into The Core Apartment Residences, which includes 160 units.
FPA Multifamily Snags Luxury Chicago Community
The Lex, which previously belonged to Crescent Heights, was purchased free of debt. HFF’s Sean Fogarty, Marty O’Connell, Wick Kirby and Kevin Girard brokered the deal.
2 Chicago-Area Senior Housing Assets Land $100M Recapitalization
The properties, situated in Naperville and Lincolnshire, total 1,071 units and include independent living, assisted living and skilled nursing components.
Greystar, Carlyle Group Buy WV Student Housing
The joint venture purchased The Domain at Town Centre, which includes 336 units and is located near West Virginia University and Fairmont State University.