News
Ridge Capital, Andell JV Snags Sacramento Community
The Class B property traded for $22.4 million and is located in a submarket with a 13.7 percent year-over-year rent increase, almost seven times the national rate.
Luxury Apartments Target Silicon Valley Workforce
CityView and Greystar are developing Elan Menlo Park, a 146-unit community within six garden-style buildings in Menlo Park, Calif.
Car Sharing for Residents
City living comes with some challenges: Cars, for one, are hard to park and store in most metro areas. Enter Maven by General Motors, a car-sharing platform that allows properties to offer premium autos for rent.
Waypoint Converts FL Student Housing to Apartments
Renovations of the 288-unit asset will reconfigure existing floorplans to meet the need for affordable housing in Tallahassee.
J.P. Morgan Buys $127M Denver Asset
Forum Real Estate Group sold the 300-unit community through HFF. The high-end property is located near the Denver Tech Center.
CGI Strategies Sells Atlanta Mixed-Use
City Walk, which includes a multifamily and a retail component, was acquired by two buyers. FPA Multifamily bought the residential section and a joint venture purchased the retail.
Top 10 Largest DC Communities Under Development
The city’s multifamily market is experiencing strong fundamentals, including robust employment, healthy population gains and record-breaking rental rates, per-unit prices and median home values.
Solid Fundamentals, Positive Momentum in Atlanta
The city has become an economic powerhouse in recent years. It is currently one of the fastest-growing metro areas in the nation.
Tikijian Secures $37M Indianapolis Community
The company represented The RADCO Cos. in the sale of 455-unit Indianapolis asset. The new company changed its name to Ashford at Keystone and plans to renovate unit interiors.
Far South Houston Community Changes Hands
Highland Capital Management sold Regatta Bay Apartments, a 240-unit community in Seabrook, Texas, to Lloyd Jones Capital. This is the eleventh Texas property operated by the new owner.