News
MHN’s Top 5 February Posts
Miss out on any MHN stories in February? Here are five of our most popular articles for the month.
Construction Surge Stalls Rent Growth in San Antonio
Despite a wave of new deliveries—which dampened rent growth to just 0.8 percent—the metro’s multifamily fundamentals remain healthy, sustained by above-trend employment gains.
San Diego Community Lands $6.2M Refi
Situated in the heart of Little Italy, VIVO Little Italy is a seven-story property featuring a mix of studio, one- and two-bedroom floor plans.
True North Sells 512-Bed TN Community
The property, which also landed new management, offers a mix of one- to four-bedroom student apartments near Middle Tennessee State University.
Marcus & Millichap Brokers Sale of MN Community
A limited liability company sold Mount Royal Manor for nearly $11 million. The mid-rise community is situated near the University of Minnesota Duluth campus.
Elmington Lands $24M Construction Loan
The two-year HUD loan will finance the development of Twelfth & Wedgewood, a 153-unit affordable housing project in Nashville.
Aztec Group Secures Sale of 27 KSF Fort Lauderdale Site
Broman and Uri Redler of Moderno Development exclusively engaged the company to sell the 27,000-square-foot site. Managing Director Peter Mekras arranged the transaction.
Energesco Provides LED Upgrades for MD Communities
Working on behalf of Federal Capital Partners, the exterior LED-light upgrade projects are expected to reduce annual electricity expenses by more than $25,000.
Pinnacle Lands Management of DFW Community
The 273-unit luxury property, which opened at the end of 2016, features a mix of one- and two-bedroom apartments across 10 buildings.
American Realty Advisors Welcomes New Executive VP
Based in Chicago, industry veteran Glen Weisberg will oversee the firm’s multifamily acquisition and disposition strategy.