News
IDI Completes Luxury VA Property
The company completed the first of two buildings in its Rivergate community, located in Woodbridge. Kettler is handling the management.
Top CEOs Weigh In on 2018 Prospects
At NMHC’s annual outlook conference, three leading executives paint a complex picture highlighted by substantial runway, moderating growth and a red flag or two.
Sunrise Luxury Living Unveils AZ Community
The Core Scottsdale includes 282 units and poolside cabins, and a clubhouse with gym, yoga-spin room, theater room, game room and poker room.
Chicago Buyers Expand into Las Vegas Market
Oak Residential Partners and POB Capital have acquired 252-unit Avenue Apartments in Henderson, Nev. The deal marks both buyers’ entry into the market.
Warm Springs Management Acquires Denver-Area Community
The 58-unit garden community traded for $10.8 million. The new owner financed the acquisition using a Freddie Mac conventional loan.
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.