News
Using Airbnb to Your Advantage
Although there is pushback from the apartment industry, small-balance owners can utilize the service to their advantage and earn additional income with relatively little risk.
Passco Acquires Luxury Savannah Community
Mariner Grove comprises 320 units. Amenities include a saltwater pool with sundeck and cabanas, fitness complex, pet park and free parking.
Cortland Partners Enters Nashville With $70M Acquisition
The company purchased a newly built, 322-unit community on the southwestern side of the city, located off of Interstate 40.
Top 10 Atlanta Submarkets by Sales Volume
Transactions closed in 2017 across these 10 submarkets alone exceeded $2.2 billion, pointing to another very strong year for multifamily investment in the metro.
Steadfast Acquires Indianapolis Property for $45M
Avery Point Apartments, a 512-unit community, includes 58 two-story buildings with one- and two-bedroom units, and two-bedroom townhomes that average about 900 square feet.
Atlas, Novel Bag FL Asset
The joint venture acquired the 481-unit Urban Style Flats Apartments in downtown St. Petersburg. The companies plan to renovate and rebrand the community.
Landlords Hold Pricing Power in Orange County
Demand for apartments continues to be strong in the area, where high construction costs and surging land values maintain the housing market as one of the most expensive in the country.
CBRE Secures $25M MN Community
Granite Woods Minneapolis purchased the 192-unit property, which is located in Plymouth. Brokers Keith Collins, Abe Appert, Ted Abramson and Ike Hoffman negotiated the transaction.
OH Apartments Snag $17M Financing
Pillar originated the loans for two properties in Columbus. The financing includes 10- and 15-year terms and 30-year amortization schedules.
StoneBridge Acquires $54M VA Asset
Copper Spring is a 366-unit, garden-style community in Richmond. At the time of the sale, the property was 97.8 percent leased.