News
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.
Bluerock Sells San Antonio Apartments via 1031 Exchange
A division of the firm purchased the 320-unit Class A community, which is located within The Dominion Country Club, last October.
HFF Arranges Financing for NC Mixed-Use
Williams Realty and Building Co. and Kane Realty Corp. are developing the Raleigh property, which will include 417 units, a supermarket, 5,340 square feet of retail space and 735 parking spots.
IPA Arranges Record-Breaking Sale of CA Community
The 192-unit Via Ventura changed hands for $74 million, the highest price per unit for a multifamily property in Ventura, Calif.
HFF Secures $115M Financing for VA Development
The company arranged the loan on behalf of Combined Properties Inc. for the development of Scout on the Circle, a 551,000-square-foot mixed-use project in Fairfax, Va.
Stellar Management Expands NYC Portfolio
The firm acquired a 42-unit building in Hamilton Heights, making it the owner of 37 percent of the residential properties along a five-block stretch of Broadway.