News
Moinian Group, SL Green Snag $500M for Manhattan Tower
Sky Residence includes 1,175 units and 70,000 square feet of amenity space in a 71-story community. It is the largest single-tower residential building in the U.S., and received the largest-ever single-asset tax-exempt financing completed by Freddie Mac.
VA Property Changes Hands in $65M Deal
The JBG Cos. disposed of Fairmont Gardens, a 388-unit multifamily community in Annandale, Va., one year after acquiring it for $47 million.
Mission Rock Residential on Managing Growth
President Patricia Hutchison discusses the company’s beginnings, today’s multifamily landscape, the lending market and the effects of rising interest rates.
Praxis Lands 1st Atlanta Asset
The San Francisco-based company entered acquired the 198-unit Birch Run Apartments in Clarkston, Ga. The property will soon undergo a $3 million renovation process.
Waterton Secures DC-Area Luxury Community
Built in 1992, the 404-unit Citizen at Shirlington Village will undergo renovations to its unit interiors and common areas.
Silverstone Debuts Palm Beach Gardens Senior Housing
Harbor Retirement Associates operates the 120-unit property, which provides assisted living and memory care services, in addition to HarborChase of Southlake and HarborChase of The Park Cities, both of which are slated to open in the first quarter of 2018.
29SC Acquires 6th Chicago Community
The asset, Wooded Isle Apartments, is located in Hyde Park, only eight miles from downtown. The community offers 75 units.
For Residents, Does Location Really Matter?
Does the old saying “Location, location, location” really matter to today’s renters? MHN and Kingsley Associates paired up to find out what residents think about their apartment’s neighborhood.
EPC to Develop 292 Units in TX
RED Development has sold an 11-acre parcel in Denton, to be developed into luxury apartments called The Village at Rayzor Ranch.
PAC to Invest $18M in NC Multifamily Asset
The aggregate loan will be used by Oxford Properties to develop a 338-unit community in Charlotte. The investment comes with an option for PAC to acquire the asset following stabilization for a convenient sum.