News
From Fannie + Freddie to FHA
The FHA financing program, too, grapples with various challenges.
Social-Purpose Equity Trust Expands Its Activities
The Housing Partnership Equity Trust has kicked its activity into high gear by finalizing finance for the purchase of 300-unit Woodmere Trace apartments in the Norfolk/Hampton Roads area by the Community Preservation and Development Corp.
Enterprise Names Diane Yentel Vice President of Public Policy
Enterprise Community Partners Inc. named Diane Yentel vice president of Public Policy.
TODAY’S DEALS: Oakland TOD Condo/Rental Sells for $103M
IPA brokers the sale of a264-unit luxury asset in Oakland, Calif.; NAI Capital completes a $4.3 million sale in Los Angeles; and NorthMarq arranges a $14 million FHA 223(f) loan to fund a conversion to very-low income housing.
‘What Renters Want’ with Jessica Fiur: Is Your Apartment Marketing Just White Noise?
For your apartment marketing, are you just doing the same thing over and over again? That can get stale. And then you won’t attract new renters.
HFF Named to Market Sale of Blue Vista’s Level 27 Student Housing Community Near Miami University
Blue Vista Capital Management has named HFF to market the sale of its Oxford, Ohio, student housing community, Level 27. The 216-unit, 756-bedroom community is expected to sell around the $30 million mark and will be able to be purchased without any existing debt.
Bozzuto Management Company President Julie Smith Named 2013 Executive of the Year
Bozzuto Management Company, a division of The Bozzuto Group, announced today that Julie Smith, the company’s president, was named Multifamily Executive Magazine’s 2013 Executive of the Year.
Equus Acquires Suburban St. Louis Community
An affiliate of Equus Capital Partners has acquired from Village Green a 251-unit apartment community called Village Park of Ballwin, located in Ballwin, Mo., a western suburb of St. Louis.
Riverstone Residential Group Announces Terry Danner as Chief Executive Officer
Riverstone Residential Group, one of the largest privately owned, third-party multifamily property management companies in the United States, announced that its founder and current president, Terry Danner, will assume the chief executive officer role.
Economy Watch: Negative Equity Dropping, But Still Persistent
In yet another report pointing to dropping negative equity among U.S. residential mortgage holders, CoreLogic said that about 2.5 million more residential properties returned to a state of positive equity during the second quarter of 2013.