News
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.
Top 10 Markets for Rent Growth
Here are the 10 markets that, despite the nationwide trend of deceleration, have had the greatest year-over-year rent growth as of May 2017.
Security Properties Expands in Seattle
The company acquired a Bellevue, Wash., community for $28 million. The building offers studio, penthouses, one- and two-bedroom units. Madrona Ridge Residential will manage the property.
Radnor Secures $65M for Philly Development
During the first of The Hamilton’s two phases, 279 units will be constructed in the previously underutilized corridor between Spring Garden and Vine Street in the popular Logan Square neighborhood.
CBRE Sets Up Bay Area Multifamily Practice
Executive Vice Presidents Matt Kroger and Jef Henderson will lead the new team and focus on investment property and land sales for institutional and private owners.
Gerber Plumbing Debuts Water-Efficient Toilets
Toilets are one of the leading sources of water waste in residential properties, but the company’s new model uses only one gallon of water per flush, making it perfect for communities aiming to increase efficiency.
SALT Launches $275M Mixed-Use Development
Hardware District in Salt Lake City will comprise four buildings, 466 luxury units and 260,000 square feet of office space. The two residential properties are scheduled for completion in February and August of 2018.