News
New Owners Secure $25M Refi for Little Rock Apartments
Transcontinental Realty Investors’ and Abode Properties’ property consists of 260 units and is fully leased at market rates. The community was acquired in 2016.
Illinois Senior Living Communities Change Hands
Senior Living Investment Brokerage Inc. sold Keystone Gardens and Keystone Meadows for $12 million. The two properties have nearly 100,000 square feet combined.
Campus Advantage Sells University of South Florida Asset
The company acquired On50 in 2014 and executed a value-add investment strategy. It addressed the property’s deferred maintenance issues, and partnered in an integrated marketing approach delivered by industry specialist Catalyst.
HFF Secures $23M for Walnut Creek Condos
The 48-unit community will be developed by a joint venture led by The Address Co. The property is slated for completion in the summer of 2018.
Peak Campus’ Jennifer Hill Climbs Corporate Ladder
Hill has been with the company since its inception, having served as senior vice president. In her new position, she will be responsible for all staff operations and oversee all legal matters.
Capstone Expands Texas Property Management Portfolio
The firm added five communities across the state, bringing its portfolio to roughly 35,000 units. Property locations include Brownsville, Clear Lake, Pearland, Pharr and San Marcos.
Changing Strategies for Multifamily Investment
In this video, David Blatt, CEO of investment bank Capstack Partners, discusses financial strategies under the new administration, how rising interest rates will impact multifamily deals and how the energy market rebound will change the demand for housing.
Clemson University Gets New Housing
Stonemont Financial Group began construction on the 45-bed mixed-use community in fall 2016, which will be opening in August 2017. The company hired Advantage Property Management to manage the community.
Mentally Ill Residents and Fair Housing Concerns
The Fair Housing Act prohibits discrimination on the basis of disability in all types of housing transactions. So how should a property manager handle a mentally ill resident who may be causing issues at their property?
Meriel Marina Bay Apartments in Suburban Boston Open for Leasing
The property, developed by Hines, includes two five-story buildings featuring 352 apartments with garage parking, and about 20,000 square feet of ground-level retail space.