News
Starlight, Blackstone Acquire 746 Units in Canada
The portfolio comprises six communities located in Toronto and Montreal, which include low-, mid- and high-rise buildings. This marks Blackstone’s first investment in the Canadian multifamily market.
Weitz Co. Completes Phase I of Fort Des Moines Adaptive Reuse
Blackbird Investments’ property, which was the site of the training of the first African American officers commissioned into the U.S. Army, will include 142 units when completed.
On the Market: 5 Interesting Listings for the Week of 6/25
This week’s listings include an heirloom property near Roxbury Park and Century City in Beverly Hills, a community in the heart of Texas that is primed for Fannie or Freddie green financing, and more.
Marcus & Millichap Facilitates Southern CA Sales via 1031 Exchanges
Located in Anaheim and Oceanside, the four communities changed hands for $67.7 million combined. Tyler Leeson and Drew Holden represented the sellers and also procured the buyers.
CBRE Arranges Affordable CO Sale
Dan Woodward, David Potarf, Matthew Barnett and Jake Young represented the seller. The Romero Group manages the property located within Willits Town center, a 360,000-square-foot mixed-use development.
Prudent Growth Partners Grows NC Portfolio
The company is steadily growing its investor network by targeting garden-style communities between 100 and 300 units. The current deal brings its North Carolina portfolio to eight properties.
Dominium Secures $96M for Twin Cities Affordable Housing
When completed, the former Weyerhaeuser lumber site in St. Paul, Minn., will include 241 units for seniors and 121 units for families.
Security Properties Nabs Puget Sound Apartments for $54M
The company, along with a university endowment, purchased Marq on Martin, a 248-unit property in Lacey, Wash.
On Demand Webinar: From Floorplan to Furnishings
Learn how to maximize your ROI with the micro and co-living market discussion. MHN and Resource Furniture discuss innovation with Ollie Co-Founder Chris Bledsoe.
Top 4 Multifamily Interior Design Trends
With the increase in home décor/renovation shows and influencers on social media, more people are being exposed to high-end design, which is what they are expecting in multifamily communities.