News
TX Student Housing Community Opens
Located in the heart of San Marcos, Texas, Pointe San Marcos will cater to students attending Texas State University.
Houston Community Lands $11M Refi
The sponsor obtained a Fannie Mae mortgage to refinance this 300-unit community which sustained no damage in the wake of Hurricane Harvey.
Rent Deceleration Continues in San Francisco
The metro’s economy is strong and market indicators reflect continued growth, albeit at a slower pace than a couple of years ago. As supply continues to catch up with demand, Yardi Matrix expects rents to rise 0.8 percent in 2017.
Suburban Denver TOD Sells for $95M
Wolff Co. sold the 360-unit 8000 Uptown Apartments in Broomfield, Colo., for $264,000 per unit. The property is 96 percent occupied.
On the Red Carpet at the 2017 MHN-CPE Awards Event
Real estate professionals from around the country gathered at the 2017 MHN-CPE Awards event to celebrate the industry’s top projects, people and companies. Between the festivities, experts offered an outlook for 2018.
LandSouth Breaks Ground on $30M FL Project
The firm is teaming up with Integra Realty to develop the 300-unit Integra Sunrise in Kissimmee, Fla. The property is slated for completion by April 2019.
AL Apartments Command $21M
Hamilton Point investments has acquired the 240-unit Woodside in Mobile. Cushman & Wakefield represented the seller, Equity Research Partners.
WWC Enters San Antonio Market
Western Wealth Capital has acquired two communities totaling 480 units. Both properties, Brynwood and Sereno Park, have significant value-add opportunities.
JV to Develop TX Student Housing
Fountain Residential Partners and HC2 Capital’s 8FOUR8 Mitchell will be located near the University of Texas at Arlington and will include 298 units.
FCI Boca Raton Luxury Project Plan Nears Completion
Dubbed Camino Square, the 350-unit community will comprise two buildings. The development is set to replace the rundown shopping center.