News
Top 10 Apartment Owners in Chicago
Chicago has a stable market, with more than 8,000 new units scheduled to come online this year. This list highlights the metro’s top private, REIT and institutional owners, based on unit counts, according to Yardi Matrix data.
HOK-Designed ARTerra Tower Underway in MO
The community, developed by Altus Properties and Copaken Brooks, features design elements intended to make the building instantly recognizable in Kansas City and beyond.
Passco Invests $102M in Key West
The company purchased the 297-unit Ocean Walk Apartments from a joint venture of Mast Capital and Rockpoint Group. ARA Newmark represented both the buyer and seller.
HTG Opens 96-Unit Affordable FL Community
The developer invested $18.5 million in Freedom Gardens, a four-building project in the Central Florida city of Brooksville. HTG currently has four affordable communities under construction in the state.
Meridian Capital Secures $23M for Illinois Community
The equity and bridge financing was obtained on behalf of Odessa Partners and used for the purchase of Stratford Trails, a community in Glendale Heights, Ill. The buyer intends to upgrade the asset.
Investor Acquires, Merges 2 FL Properties
Northland Investment Corp. has acquired Mallards Cove and Shell Trace in Jupiter, Fla. Renamed Jupiter Isle, the new property features 359 units set on a low-density, 42-acre site.
Baltimore Community Adds Cool Perk
2Hopkins is the first apartment community in the U.S. to implement the Smiota PoD smart lockers. These allow residents to use food delivery services and have round-the-clock access to their shipments by use of their smartphone.
Amenity-Driven Renters Are Selective: Village Green Survey
The company’s national study found that although there are generational differences when it comes to a community environment, a majority of renters are taking a growing interest in amenity offerings.
A Smart Bulb That Reacts to Sound & Motion
Heelight is a digital light with 30 different modes that can be controlled by using a smartphone app. By scanning a QR code, the bulb can be operated without Bluetooth or Wi-Fi like other smart options on the market.
Maplewood Debuts Cape Cod Senior Housing
The 75-unit property is part of the Maplewood at Mayflower Place campus, a full-service continuing-care retirement community in West Yarmouth, Mass.