News
5 Cap Launches Investment Program with $60M Buy
The acquisitions are in line with the new national investment venture’s strategy to pump more than $1 billion into assets under management, focusing on purchasing and operating value-add residential properties.
Yardi Founder on Glassdoor’s ‘Highest Rated CEO’ List
Anant Yardi is one of the top 50 executives of large companies in the United States, based on Glassdoor reviewers’ input.
Economy Watch: China Named Top Buyer, Seller of US CRE
One-fifth of realtors that participated in the National Association of Realtors latest survey on foreign investment in U.S. commercial real estate said they had closed a sale with an international client in 2016. They also expect increased sales and leasing activity involving foreign investors this year.
Liv URBN Tops Off Phoenix Condo Property
Contour on Campbell, the city’s newest condominium community, is closer to completion. The company plans to welcome first residents early next year.
Dallas Community Lands $14M Refi
The 12-year term Fannie Mae loan originated by Dougherty Mortgage LLC and Old Capital Lending has a 30-year amortization schedule. The 27-building community features studios, one- and two-bedroom apartments.
Bell Partners Closes $600M Fund
: Value-added Bell Apartment Fund VI invests in multifamily properties in the United States, leveraging the apartment and managing firm’s operating platform.
SkyHouse Uptown South Tower to Open in Charlotte, NC
Novare Group and Batson-Cook Development Co. are nearing completion of the community’s second phase. The 24-story building will open June 22.
The Positive Impact of the Interest Rate Hike
CityView’s Sean Burton discusses the effect of an increased supply of multifamily units and explains why higher interest rates could spur more development.
NYC Public Housing Slated for $560M Makeover
The 24-building public housing community in the New York City borough of Queens will use the funding for upgrades and renovations.
29SC Expands Into Sacramento With 110-Unit Community
The company plans to spend $1.3 million in capital improvements in the property located in Citrus Heights, Calif., a submarket with a more than 8 percent rental rate growth.