News
Inland American Communities Becomes University House Communities
Inland American Communities Group Inc., a development, acquisition and management company, has officially rebranded to become University House Communities.
TODAY’S DEALS: Brookdale, HCP Enter Massive Senior Housing Buy
Brookdale Senior Living and HCP enter an $849 million purchase agreement; Investcorp ramps up its multifamily acquisition activity; and the Largo Group of Cos. arranges financing for manufactured housing throughout the Northeast.
Castle Lanterra Buys Apartment Community in Annapolis
Castle Lanterra Properties, a privately held real estate firm, has acquired Watergate Village, a 608-unit multifamily property in Annapolis, for $105 million. The seller was Columbia Realty Venture of Annapolis.
The Great Advantage of Urban Infills
Last month, Castle Lanterra Properties, a privately held real estate firm founded in 2009, completed the acquisition of its second multifamily property in the Baltimore Metropolitan Area. Elie Rieder, the founder and CEO of Castle Lanterra Properties, told MHN more about his company and its plans for the Baltimore area.
Bringing a Designer Touch to NY’s Upper East Side
Related Companies unveiled three designer model residences at Carnegie Park, a 31-story residential condominium tower on the Upper East Side in New York City.
Senior Apartment Community Maintains Winning Title
Perris Station Senior Apartment Homes took home the gold once again.
Economy Watch: When Will Homebuilding Pick Up the Pace?
What’s this year in homebuilding going to look like?
TODAY’S DEALS: Hunt Mortgage Closes Loan Under Freddie Mac’s Small Loans Program
Hunt Mortgage Group provides a small loan for a property located in Los Angeles; and Largo obtains financing for manufactured housing communities.
PB Bell Buys Phoenix Apartments
The P.B. Bell Cos., a multifamily development and management specialist, has acquired The Boulevard, a 294-unit apartment property in north Phoenix. Colorado-based Slavin Residential sold the community for $33.5 million.
Economy Watch: CRE Prices Continue to Rise
On the whole, commercial property values experienced increases in 2014, and this year will probably also be as good in terms of increasing valuation.