News
Lee & Associates Arranges SoCal Sale
In a tax-deferred transaction, SOMA Realty sold a 16-unit multifamily asset in Pasadena, Calif. Principal George Yessaie represented the buyer.
MORGAN Debuts Miami Luxury Tower
The 20-story Midtown 29 comprises 309 units, more than 12,000 square feet of ground-floor retail and an adjacent six-level parking garage.
Latch Partners with Niido for Smartphone Apartment Sharing
Able to connect to larger smart systems, the device’s safe, easy-to-use capabilities ensure that residents have complete access to their units by manipulating their mobile apps.
JV Acquires 1,115-Bed FL Student Housing
Coastal Ridge Real Estate and H. Katz Capital purchased Campus Lodge, a 360-unit development in Gainesville. The partnership plans to upgrade in-unit finishes and shared amenities.
TruAmerica Buys $91M CA Community
Pacific Shores, a 264-unit property in Huntington Beach, will receive renovations to the pool and spa area, dog park and fitness center.
Economy Watch: Rent Increases for Single-Family Slow
Year-over-year rent growth has decelerated slowly since it peaked early last year, according to the CoreLogic Single-Family Rent Index.
Banner Refinances 224-Unit NC Property
The 224-unit Lincoln Apartments, located near Raleigh’s city center, was completed in late 2015 and was 92 percent occupied as of January.
Peak Campus Adds 2 Midwest Assets to Portfolio
The company will manage Campus View and University Meadows, two student housing communities totaling 1,272 beds. The properties are located in Missouri and Michigan.
Former MA Campus Building to Become Memory Care Facility
Benchmark Senior Living is developing the adaptive reuse and extension of a former Andover Newton Theological School campus building. The new memory care facility will incorporate 50 units.
2 Upstate NY Affordable Housing Properties Secure $21M
Riverside Charitable Corp. will acquire and rehabilitate Raymond Watkins Apartments in Sarasota Springs and John Guy Prindle Apartments in Ilion.