News
Crown Acquisitions Secures $50M CA Student Housing
College Square, a 486-bed community a mile from the UC Davis campus, includes furnished sundecks, a fitness center and laundry facilities.
Broan Launches New Recessed-Lighting System
The company offers two new products that disappear into the ceiling. The 744 features a 75-watt PAR bulb, while the 744SFL features an Energy Star-certified automatic ventilator.
Apartments Outperforming Other Assets, Says NMHC
According to a recent study, multifamily communities are outperforming most other commercial real estate property types, whether it be on a risk-adjusted or unadjusted basis, regardless of holding period, geographic region, metro size or growth rate. Here’s why.
Passco Extends in ATL with $69M Acquisition
The increasing job and population growth in Gwinnett County is what drove Passco Cos. to make the investment, with existing assets like Merritt at Sugarloaf presenting strong value-add opportunities.
Capital One Ups HTI Fannie Mae Credit Facility to $216M
The company served as the sole lender, providing a bridge to long-term agency financing for a 23-property senior housing portfolio across six states.
Affordable Senior Community in TX Lands $6M Refi
Love Funding has provided the FHA loan for the refinancing and rehabilitation of the 156-unit affordable community in Texarkana, which is restricted to tenants 55 and over.
Covenant Capital Flips 2 SC Assets
The transaction netted the seller nearly $45 million after the renovation and expansion of the communities in Greenville’s East and Overbrook submarkets.
Central FL Affordable Community Opens Doors
The fully leased, 104-unit development contains a mix of one- to three-bedroom apartments, and future plans are in the works to construct 92 more units next year.
Miami-Area Community Chooses New Management
The 226-unit garden-style community, situated between Miami and Fort Lauderdale, includes one- and two-bedroom apartments across more than 50 buildings.
San Diego Community Opens, Lands New Management
The 97-unit multifamily property in the city’s southern suburbs, 15 miles from downtown, contains a mix of one- and two-bedroom apartments.