News
Chicago Makes Room for More Growth
The metro continued to attract companies looking to relocate or expand, producing job gains in high-paying sectors, including financial activities. The city was slated to add some 9,000 multifamily units to its inventory in 2017, marking a post-recession high.
Capstone Grows TX Management Presence
The company adds another four properties with a total of 512 units to its portfolio.
Vegas Assets Trade for $115M
LivCor purchased Broadstone Flamingo West and Broadstone Talavera, which comprise a total of 674 units and are located in the eastern part of the metropolitan area.
Allied Orion Group to Manage Houston Affordable Housing
The community, located in Crosby, Texas, and currently undergoing renovations, contains 86 units and five buildings.
Affordable Housing in the Trump Era: What’s Ahead?
The National Association of Local Housing Finance Agencies remains worried regarding the impact of a lower corporate tax rate. Kevin Morris of Colliers South Florida discusses the administration’s policies and what to expect in 2018.
Baton Rouge Property Lands $24M Refi
Greystone has secured a HUD-insured permanent loan to refinance Highland Club Apartments. The owner, Ed Kramer, plans to renovate the property.
Mortar Arch + Dev Nabs Brooklyn Development Site
The developer plans to begin work on a new, five-story condo development at the Greenpoint site, beginning in the winter of 2018.
PAC Buys 840-Bed Student Housing
The 42-building community in Waco, Texas, serves students attending Baylor University. Preferred Campus Management manages the asset.
Supply Catches Up With Demand in Austin
The Texas capital boasts a strong economic and population growth, maintaining a steady demand for multifamily, despite the temporary surge in supply.
Presidium, Partners Group Close $210M Recap
The two companies signed a $210 million recapitalization deal for a portfolio comprising eight assets, one of which is under construction.