News
TH Real Estate Picks Up 228-Unit FL Community
The Nuveen affiliate acquired The Atlantic at East Delray in Delray Beach for $54.3 million. An ARA Newmark team represented the seller in this transaction, a joint venture between Pollack Shores and its equity partner.
Deadline Extended: 2017 Top Owners Survey
Don’t miss out on the chance to participate in the MHN-CPE 2017 Top Owners survey! The information you provide will determine which firms have the best-owned property portfolios.
Can You Afford to Live in NYC?
Only nine out of the 139 neighborhoods included in a RentHop study have median asking rents that can be afforded with 35 percent of the area median income.
Rhodium Buys 462-Unit CT Portfolio
The Bridgeport portfolio, acquired in partnership with Toronto-based Firm Capital, encompasses a 179-unit community and 13 other apartment buildings across Bridgeport.
Affordable Senior Community Opens in Richmond, IL
The 25-unit community offers one- and two-bedroom apartments for $866 and $1,039, respectively, and is Energy Star Certified.
Rainbow Tapped for Phoenix Affordable Community
The company will offer the residents of La Palmilla Apartments free on-site programs once the current owner, Reliant Group Management, completes renovations in mid-2018.
PPD Holdings Eyes $111M to Build, Refi
The company received $47 million to refinance a pair of Greater Atlanta communities and awaits final approval of $64 million in construction financing for 464 units in Florida.
RADCO Expands GA Footprint With 38th Acquisition
The Atlanta-based developer acquired Ashford 6860, a 260-unit property in Norcross. The $22 million deal marks the company’s eighth purchase in the Gwinnett County submarket.
Michigan Ave. Tower Scores $150M Refi
MILA, an upscale 402-unit property in Chicago’s East Loop, was developed by a joint venture led by John Buck Co. Proceeds will refinance the construction loan.
CBRE Closes Inland Empire Sale
Evart Street Apartments in Montclair, Calif., changed hands for $8.9 million, one of the highest per-square-foot prices for a multifamily property in the area, according to the brokers.