News
$43M DC Affordable Community to Open Next Spring
Portner Flats will bring 96 affordable units to the popular U Street Corridor in Northwest, D.C. The project is a public-private partnership between the District, Somerset Development, Jonathan Rose Cos., New Community Partners and other entities.
CBRE Closes $40M Sale of Phoenix-Area Community
The company represented Baron Properties in the sale of the 240-unit community. The buyer partnership was represented by Mike Dow of Impact Multifamily Advisor.
Sacramento Sets the Standard
Although rents across the country have been decelerating in recent months, the California capital continues to outperform. While no longer in the double digits, its rent growth continues to lead major metros.
Waterton Acquires Denver Greenwood Plaza
The multi-building property is located in close proximity to the Denver Tech Center. The company plans to implement a renovation plan that will include adding new flooring in kitchens and living areas as well as carpeting in bedrooms.
2017 NAA Education Conference Coverage
The National Apartment Association gathered its members in Atlanta to network and learn at the Education Conference & Exposition. Take a look at our 2017 coverage below.
SmartStop Asset Management Sponsors $57M Student Housing Sale
Strategic Student & Senior Housing Trust purchased a 592-bed community located near the University of Arkansas. The property was previously known as Sterling District, but its new owner dubbed it “The District.”
Terwilliger Pappas Breaks Ground on NC Community
The 194-unit property near Duke University will feature upscale amenities such as a yoga studio and a heated pool.
CAPREIT Acquires Memphis-Area Apartments
The 430-unit Legacy Crossing comprises one-, two- and three-bedroom affordable apartments ranging from 711 to 1,063 square feet. The company plans on making upgrades to the units.
Tampa Stays Hot
The metro’s market is healthy, displaying solid fundamentals and producing strong growth. Robust investor interest and broad employment gains are driving demand across asset classes, with population growth leading to higher occupancy rates and rents.
Austin Investor Acquires 10th Property in DFW
NAPA Ventures plans to renovate both the exterior and interior of The Falls Apartments, its newly acquired 208-unit property in metro Dallas.