News
MRP Realty Nabs 400-Unit NoVa Community
Walker & Dunlop has facilitated the sale and financing of the multifamily property located in Alexandria, Va., close to the Van Dorn Street Metro station.
Watercrest Opens New FL Luxury Assisted Living Facility
Located halfway between Miami and Orlando, Watercrest St. Lucie West offers 102 assisted living and 26 memory care units, along with resort-style services.
Senior Housing Stakeholders Weigh In on 2018: JLL
According to the company’s first Senior Housing Investor Survey and Trend Report, the sector is expected to have a steady occupancy rate and increases in rent growth.
HFF Secures $49M for Stadium View in MN
The 277-unit, 956-bed Minneapolis community serves students at the University of Minnesota and includes a fitness center, a game room, tanning beds and a 24-hour concierge.
CBRE Brokers Sale of 144-Unit SC Community
Beacon Ridge in Greenville traded for $14.6 million. Represented by CBRE’s Kevin Kempf, Parker Yates, David Lansbury and Phil Brosseau, Grubb Properties sold the asset to PRG Real Estate.
Embrey Partners Names New EVP of Development
Brad Knolle joined the company in 2012 as senior vice president. In his new position, he will be responsible for multifamily projects in Tennessee and Florida.
Copeland Lands $33M for TX Asset
The loan will be used to finance the ground-up development of Grand on Beach Apartments, a 302-unit community located northeast of Fort Worth.
Albuquerque Struggles on Recovery Path
Despite a slowdown in 2017, the metro’s multifamily market performance is in line with its historical averages. Core submarkets are leading growth, while the suburbs gradually recover from the most recent downturn.
13th Floor, Adler Group Top Off Miami Development
The joint venture’s Motion at Dadeland has 294 units and 8,000 square feet of ground-floor retail space. Amenities will include poolside cabanas, communal sun loungers, party lounge and a coworking center.
Top 10 Multifamily Buyers in the Mid-Atlantic
Investment activity in the region was high last year, recording more than $6 billion in transaction volume, with names such as Morgan Properties and Pantzer Properties leading the way.