News
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.
BPDA Approves 541 New Units Across Boston
The approved development sites include 264 Huntington Ave., 75-85 Liverpool St. and 46 Hichborn St. in Brighton, as well as 256 Dorchester St in South Boston. The estimated investment cost is $486 million.
DC-Area Luxury Tower Tops Out
Gallery Bethesda II rises 17 stories and will provide 240,000 square feet of luxury apartments and ground-floor retail. The project was designed according to LEED Gold requirements.
Greystone Provides $36M Loan for TX Community
Built in 2016, Parkside Place last traded in November, when Oden Hughes sold it for $48.5 million. The community was 96.1 percent occupied as of October.
Capital Square 1031 Acquires GA Asset
High Ridge Apartments, a 160-unit community in Athens, includes 11 two- and three-story residential buildings. The property was acquired using a 10-year term Fannie Mae loan.
Campus Advantage Appoints New CLO
In his new role, Dan Oltersdorf will oversee curriculum developments, while also establishing and implementing a variety of training approaches. The company also established a new Learning and Development department.