News
Cortland Partners Continues Unique Business Model
The company is creating new positions that are not typically found in the multifamily industry, demonstrating the firm’s unique approach to ownership and management of multifamily real estate.
Nebraska Community Trades for $10M
Marcus & Millichap facilitated the disposition of Continental Gardens, a 150-unit property in the center of Grand Island’s major retail and business corridor.
New Nashville Community Honors Country Icon
LMC’s Morris Apartments is a luxury mixed-use community with 344 apartment homes and 6,000 square feet of ground-floor retail. The development is located on the historic Music Row, at what was once a legendary country music manager’s office.
San Francisco’s Top 10 Apartment Owners
Based on Yardi Matrix data, the list includes properties in all stages of development at a time when apartment construction in the city is at a 75-year high.
QuadReal Invests $600M in Student Housing JV
QuadReal invested $600 million of equity into a partnership with CA Student Living (CASL) and GI Partners. The joint venture’s initial portfolio includes 10 geographically diversified properties, developed and managed by CASL, in 10 major university markets across nine states.
Hines, McCaffery Break Ground in Chicago
A new mixed-use building anchoring the Lincoln Park neighborhood is set to rise on the former Children’s Memorial Hospital site.
Pennrose Hires Veteran as VP of Operations
Barry Weaver will provide leadership to regions in eastern Pennsylvania and New Jersey. He has more than 25 years of experience in multifamily property management.
$72M DC-Area Senior Housing Community Underway
The 210-unit facility will include assisted living, special needs and memory care units. The new development project will be completed by January 2018 and will create 48 full-time staff positions.
ACC to Open Indianapolis Student Housing
ACC partnered with Butler University to open another student housing facility in Indianapolis. The 648-bed community is slated to open in fall 2018.
Lantower Residential Acquires NXNE in North Austin
North by Northeast is a 375-unit community built in Austin’s Tech Ridge submarket. Major tech companies such as Dell, Apple, IBM and Samsung have set up offices in the area.