News
New Project Maintains Affordable Housing for Chicago’s Northtown
Affordable housing developer Vitus Group recently acquired Evergreen Terrace Apartments.
Trammell Crow to Develop Apartments in Maryland
Financing is now in place for Trammell Crow Residential’s development of Alexan Concorde Circle, a 310-unit apartment property in Linthicum, Md.
TODAY’S DEALS: Steadfast Adds 643 Units to Portfolio
Steadfast Apartment REIT expands in the Midwest; a historic Rhode Island community trades hands for $31.8 million; and Red Mortgage Capital executes HUD refinancing of bridge loan.
Thinking Creatively About Detroit’s Recovery
Thinking creatively about new ways to do business is a big part of the recovery of Detroit’s economy, and that includes established industries like property management and real estate. MHN interviews Scott Allen, president of FOURMIDABLE, about the efficiences fostered by his company’s business model.
$300M Nevada Apartments Change Hands
A new $300 million joint venture between The Bascom Group and funds managed by Oaktree Capital Management has acquired Villa Serena, a 288-unit apartment property in Henderson, Nev.
Greystar Promotes Kevin Sheehan to Senior Managing Director of the Northeast Division
Greystar announced the promotion of Kevin Sheehan to senior managing director.
Insula Companies Acquires Four Florida Apartment Communities
Insula Companies, a Sarasota, Fla.-based firm focusing on apartment community acquisition and revitalization on behalf of investors, acquired four apartment communities in two separate transactions to start off 2015.
Master the (Lucrative) Business of ‘Wellness’
What apartments can learn from Honest Co.’s success
Advenir Buys Dallas Apartment Community
Multifamily investor Advenir has acquired the 332-unit Frankford Springs, which is located in north Dallas at 3702 Frankford Rd., in an off-market transaction for an unspecified price.