News
Tucson Community Trades for $38M
ROC Senior Living acquired Mission Palms from Stoneweg US. The property’s value rose by 46 percent since the last time it traded in 2013.
Taurus Lands First NC Property for $34M
The investment firm purchased Olde Raleigh, a 228-unit community in Raleigh, N.C. Chaucer Creek Capital sold the asset after four years of ownership.
Walker & Dunlop Secures Financing for Texas Community
The Flats at Frankford Station is a Class A 185-unit residential asset, which was completed in 2016. The property qualified for a Green Building Certification.
WinnDevelopment Tapped for $1.6B Boston Project
The Mary Ellen McCormack site will be transformed into a 3,000-unit mixed-income community set to be constructed over four phases.
NR Investments Tops Off Miami Condos
In a nod to the surrounding artistic influence, one of the newly unveiled features of the tower is a collaborative installation involving 22 renowned street artists.
Inland Lands Properties in AL, TN
The communities include The Verandas at Taylor Oaks in Montgomery, Ala., and The Haven at Commons Park in Chattanooga, Tenn. As of July 25, the properties were 95 and 90 percent occupied, respectively.
HTG Begins Construction on $36M Miami Affordable Housing
Princeton Park, set to open in August of 2018, will feature 150 units of one- two- and three-bedroom floorplans for family households earning at or below 60 percent of the area median income.
TruAmerica Adds to FL Holdings With Fort Myers Buy
Sienna at Vista Lake, a 640-unit community comprising 32 three-story buildings, brings the company’s Florida portfolio to 1,648 units.
ABI Brokers Sale of 2 Phoenix Communities
The company has arranged the disposition of the 51-unit New Horizons Apartments and the 27-unit Country Club Apartments.
Economy Watch: The Least Expensive Apartment Markets
When comparing rent to income, the Southeast and Southwest regions of the U.S. tend to house the most affordable U.S. apartment markets, according to a new CBRE Research report.