News
Eye Candy Meets Practicality
Since its earliest days, the Kitchen & Bath Show has been drawing multifamily specialists who know how to connect the dots between residential housing trends and the apartment market. Here are some of the highlights, including a mix of practical and sexy products in a range of applications.
Balfour Beatty Breaks Ground on IN Student Community
The 387,000-square-foot Aspire at Discovery Park, the first phase of a $1.2 billion planned development near Purdue University, is expected to be complete in August 2019.
Economy Watch: Apartments Rents Falling in Some Major Markets
While nationwide apartment rents continued to rise in 2017, 14 of the largest U.S. cities saw average rents either decrease, stagnate or grow slower than the national average, a recent RentCafé report noted.
Multifamily Investment 2018: Use a Scalpel—Not a Machete—to Find Value
As value-add multifamily deals in primary markets continue to be rare finds, more investors are likely to seek yields in non-core locations this year, predicts Bryan Sullivan, vice president of acquisitions and development at The Habitat Co., in his MHN-exclusive industry outlook.
CBRE Closes Sale of Garden-Style MA Community
After the expiration of the original affordable restrictions, the 102-unit community in Stoughton, Mass.,underwent significant renovations, including landscaping and parking improvements.
For Renters, Is Sharing Caring?
What do residents think of services such as Uber and Airbnb at communities? MHN and Kingsley Associates partner to find out.
Work Begins on KY Apartments
Continental Properties has started development on Springs at Hamburg, a 312-unit community in Lexington. The developer expects to complete construction in the summer of 2019.
JLL Secures Acquisition Financing for S2 Capital
Benefit Street Partners provided the loan to S2 Capital for the acquisition of Oakland Hills Apartments in Fort Worth, Texas.
Carroll Org. Sells Memphis Community
The company bought the 1,037-unit ARIUM Shelby Farms in July 2014 as a part of Carroll Multifamily Real Estate Fund III LP.
Berkadia Arranges Fannie Mae Loan for Houston Community
Located at 10498 Fountain Lake Drive in Stafford, Texas, the property is a three-story garden-style community spread across a 13-acre site.