News
Tourism’s Power a Draw in Orlando
The city’s multifamily market is thriving due to healthy tourism, above-trend population gains and a rapidly growing economy.
Cushman & Wakefield Shepherds 182-Unit GA Sale
JEM Holdings acquired the $15 million Woodhill community in Augusta from Intermark Management and King Management. C&W’s Southeast Multifamily Advisory Group, arranged the transaction.
The Priciest Zip Codes in Texas
Apartment search portal RentCafe ranked the 50 most expensive Zip Codes in Texas. Guess which one took the top spot?
Legacy Partners Adds New VP to Denver Office
Mike Holt was previously the regional manager of BH Management. In his new role, he will oversee and expand the company’s Denver portfolio, which encompasses more than 2,400 units.
Monogram Expands MA Footprint With Boston Buy
The company acquired The Washingtons, a 182-unit community in Melrose, Mass. JLL’s capital markets team brokered the deal.
Greysteel Brokers Sale of DC Regenesis Portfolio
The five affordable properties include 482 units. President & CEO Ari Firoozabadi, Managing Director Kyle Tangney and Senior Investment Associate Alicia Orkisz arranged the transaction.
Construction Begins on Cleveland Affordable Housing
Detroit Shoreway Community Development Organization is starting work on Aspen Place, a development in the Cleveland EcoVillage. The company plans to achieve a near-50 percent reduction in energy demand compared to minimum requirements.
JV Scores 2 AZ Properties
Modern Residential and Henley USA have acquired the 265-unit Sonoma Villas in Mesa and the 216-unit Sonoma Pines in Peoria.
Related Lands $52M for FL Community
JP Morgan arranged the construction loan for Town Southern, located in Royal Palm Beach. The 392-unit community is scheduled for completion in 2018.
Rising Demand Pushes Rents Higher in Las Vegas
Las Vegas’ recovery features above-average job and population growth. That has produced a modest but steady improvement in housing demand, as the market aims for long-term stability.