News
$58M Financing Earmarked for Atlanta Portfolio Acquisition
George Smith Partners secured the financing for the 680-unit workforce housing portfolio. The two buildings will undergo a $5.5 million renovation.
Economy Watch: Apartment Rents Edge Up in Some Markets
November marked the largest month-over-month increase in U.S. median rent for apartments so far this year, according to a recent ABODO report.
Radnor Property Group Opens Vue32 in Philly
The $55 million project includes 164 units and roughly 14,000 square feet of first-floor retail space. A second phase is slated to open in November 2018.
Greysteel to Sell VA Affordable Housing Portfolio
The company was tapped to market Lexington Commons in Newport News, Va., and Parkwood Manor in Norfolk, Va., totaling 232 units.
NY Nursing Facility Lands $25M Refi
Greystone provided the HUD-insured loan for Adira at Riverside Rehabilitation & Nursing in Yonkers, N.Y. The financing carries a 30-year term at a low, fixed rate.
UIP Snags $32M MD Community
The company purchased the 212-unit Walker House in Gaithersburg, Md., from Washington REIT. UIP plans to renovate the older apartments and some of the community common areas.
US Real Estate Market to Remain Healthy in 2018
TH Real Estate Head of Americas Research Melissa Reagen shared her 2018 outlook for the U.S. real estate market and economy, at the 2017 ULI Fall Meeting in Los Angeles.
Mogharebi Closes Record Breaking Sale in Fairfield, CA
The company closed the sale of Spring Meadows Apartments at a $160,000 price per unit. This marks a record price for communities built before 2000 comprising more than 30 units.
Allied Orion Group’s High-End Community Now Leasing in Houston
Featuring one-, two- and three-bedroom apartments, The Beacon at Buffalo Pointe—a 281-unit multifamily community—caters to the Texas Medical Center community.
FirstService Residential Strengthens Leadership Team
The property management company selected John Brea, a former Walmart executive, to oversee the firm’s fast-growing footprint in the U.S. and Canada.