News
10 Largest Multifamily Properties in Boston
The city’s multifamily market continues to be one of the most stable in the U.S., while its long-term fundamentals create and attract high-skilled workers. However, the area faces a housing shortage due to high demand.
NHI Acquires 3rd NC Assisted Living Community
The company bought the 32-unit community in Durham as part of a purchase option negotiated with its tenant, Navion Senior Solutions.
Houston Luxury Apartments Add Co-Working Space
Ascension on the Bayou, a 280-unit community, has opened the 10,000-square-foot amenity, the first of its kind in the city. The space allows startups and companies a workspace in the main lounge, and co-workers are permitted to use resident amenities.
JV Breaks Ground on Chicago Senior Housing
Ryan Cos. LCS and Harrison Street Real Estate Capital have started construction on Clarendale of Addison, a 188-unit community in Addison, Ill.
Affordable Housing Opens in Alaska
Funded by low-income housing tax credits from WNC, the 23-unit property in Anchorage was constructed on the site of a former restaurant.
Heartstone Development JV Opens NJ Community
Hidden Village in Aberdeen, N.J., features 200 rental units and a number of amenities, including a swimming pool, private garages for most units and a clubhouse.
Campus Advantage Expands NM Footprint
The Flats at Ridgeview, expected to open in fall 2018, will target students at New Mexico State University and Burrell College of Osteopathic Medicine.
Allied Orion Group Tapped to Manage Charlotte Community
The 309-unit property is owned by Arel Capital and offers amenities such as dog park, two swimming pools and a fitness center. Cameron South Park was constructed between 1984 and 1985.
The Number of Insecure Renters to Increase
Will the affordable housing sector hit a roadblock anytime soon? Bank of America Merrill Lynch’s Maria Berry discussed the challenges in the industry and how changes in the tax system will impact the sector.
Top 10 Austin Apartment Owners
The city’s economic, demographic and social trends have a magnetic effect on developers and investors alike. Even though investment activity has softened compared to last year’s cycle high, some $961 million in multifamily assets traded as of October.