News
Terra Group Lands $57M for Pines City Center
The company’s 47-acre mixed-use development in Pembroke Pines, Fla., will include an apartment component comprising 387 market-rate units.
Broadtree Acquires GA Community for $51M
Broadtree seeks to grow its portfolio of apartment communities which have the potential to provide a steady income flow to shareholders.
WWC Expands Footprint in San Antonio
The investor acquired its third multifamily community in the metro. The community is located in northeast San Antonio, within a five-mile radius of approximately 133,500 jobs.
Incident Inside a Resident’s Unit? Here’s the Landlord’s Obligation
When residents seek damages for injuries occurring in their own apartments, property owners can save time and money by knowing the extent of their duty to enter the unit to inspect a condition or make a repair, according to attorney Amanda Podlucky.
Multifamily Markets Positioned to Win in 2018
Above-trend population increases and job gains in non-gateway cities are generating strong investor and resident demand for multifamily housing, explained IRT Chairman & CEO Scott Schaeffer. Here are three such markets poised to benefit from this trend in 2018.
Colliers International Hires New VP
Mitash Kripalani was instrumental in several multi-million-dollar multifamily and condominium conversion projects, arranging investment sales across Florida, where more than $3.6 billion sales were registered last year.
JV Restructures Partnership for Brooklyn Redevelopment
Greenland USA and Forest City Realty Trust reached an agreement to extend Greenland’s ownership interest to 95 from 70 percent and decrease Forest City’s interest to 5 from 30 percent for its Pacific Park Brooklyn mixed-use project.
408 Units in CO Change Hands
Inland Real Estate Acquisitions has acquired Après Apartments in Aurora. At the time of the sale, the community was 95 percent occupied.
Milhaus Plans Cincinnati Property
Poste is part of the 250 units the developer intends to start building in Walnut Hills this year. The company also announced a capital investment of $245 million for the development of Class A, market-rate properties across the country.
Woodmont Properties, Baker Residential Start Construction on NJ Assets
The joint venture is developing a 220-unit community in Bayonne, which is expected to be completed in the spring of 2019.