News
TODAY’S DEALS: Toronto-Based Starlight Acquires Houston Apartments
Starlight U.S. Multi-Family Core Fund acquires a 257-unit asset in Houston; RED Capital Group provides $10.1 for the acquisition and rehab of a low income seniors housing asset; and Carroll Organization adds a multifamily asset to its Florida portfolio.
Joint Venture Begins Work on Historic Apartment Rehab in Detroit
Ground has been broken on the redevelopment of Cass Plaza and the Davenport Building, two properties in the Cass Corridor in Midtown Detroit. The redevelopment of the buildings will provide affordable apartments for 47 families.
Saving Money with Water Management
MHN interviews Chris Spain, president and CEO of HydroPoint, about their product WeatherTRAK, a cloud-based landscape irrigation management system, and how this could end up saving multifamily communities money.
United Group Welcomes Chief Operating Officer
As United Group of Companies continues to grow and evolve, the company welcomes Jeff Arnold as Chief Operating Officer (COO) of United Realty Management Corp., AMO®.
LaSalle Group to Break Ground on Chicago-Area Memory Care Community
The LaSalle Group will break ground on its ninth Chicago-area memory care community.
Economy Watch: Consumers Cheer Up
U.S. consumer sentiment is up, with the mid-April reading coming in at 82.6, according to the Reuters/University of Michigan’s consumer sentiment index.
Prime Property Investors Top-Off at Alexan at Auburn Lakes in Houston
Prime Property Investors has announced that construction on Alexan at Auburn Lakes in Houston has topped off on the community’s nine three-story buildings. The company partnered with Trammel Crow Residential to develop the 346-unit garden style community.
TODAY’S DEALS: Berkadia Arranges $146M for First Seniors Housing Early Index Lock Deal
Berkadia closes a first-ever seniors housing Early Index Lock transaction; Investor’s Bank closes 80 deals in 1Q14 with strong multifamily business; and Cohen Financial secures $16 million in equity for a condominium development in South Florida.
‘What Renters Want’ with Jessica Fiur: 5 Things Apartments Should Copy from Hotels
Apartment communities are taking cues from the hospitality industry. Here are five things apartments should adapt from hotels.
Centerline Introduces Proprietary Bridge Loan Program for Pre-Stabilized Properties
Centerline Capital Group announced a new multifamily bridge loan program that will provide short-term financing for multifamily properties that have not reached stabilization.