News
240-Unit Orlando Community Trades for $30M
Beachwold Partners acquired the multifamily property located in Davenport, Fla. VennPoint Real Estate was the seller and CBRE arranged the transaction.
Top 4 Multifamily Marketing Trends
At NMHC’s OPTECH Conference & Exposition in Las Vegas, executives discussed the current trends in the industry and what property managers should be utilizing to obtain and retain residents.
Detroit’s Slow Acceleration
The metro is on the verge of an economic turnaround, largely due to its broad-based employment growth. This restoration is reflected in the local multifamily market’s improving fundamentals, as well.
Meridian Secures $24M Refi for Miami Asset
Originated by a New York-based balance sheet lender, the fixed-rate mortgage features a seven-year term and a rate of 3.75 percent. Meridian worked on behalf of the owner, PMC Property Group.
Stiles Tapped to Develop Ft. Lauderdale High-Rise
The 25-story tower will feature 327 units and an array of luxury amenities. This will be the company’s second project with Greystar in the city.
Community Trades for $45M in Philly Metro
Aulder Capital obtained a seven-year securitized loan through Freddie Mac’s CME Program for the property, which is situated 15 minutes from the University of Delaware.
New Phoenix Community Changes Hands for $59M
The sale of Alta Fillmore, a 230-unit apartment community is expected to close in late November. Pure Multi-Family plans to fund the purchase with cash on hand and debt financing.
X-Chair Debuts New Design
The company’s newest product takes ergonomic seating to a new level, which is well-suited for use in multifamily communities targeting young professionals or students with co-working or business spaces.
Sentre Plans Townhome Development in San Diego
Villea at Lake Murray in the Lake Murray neighborhood of La Mesa, Calif., which is a San Diego suburb, will feature 27 units, each averaging more than 1,000 square feet.
Freddie Mac Survey Reveals Demand Drivers for Rental Housing
A growing number of renters see renting as an option that fits their lifestyle, and a savvy choice at many life stages.