News
TODAY’S DEALS: ARA Seniors Housing Completes Georgia Class A Sale
PREI buys a seniors housing asset in an ARA-brokered sale; Beech Street closes $17.2 million for a 456-unit asset in Florida; and Commercial Mortgage Capital secures a $23 million construction loan.
Engrain Announces Yardi Systems Integration
Engrain, Inc. (engrain.com), the leader in touch screen property tour and resident messaging systems, today announced that its TouchTour system is now fully integrated with Yardi Voyager software.
Corvias Campus Living Unveils First Student Housing Development
With the opening last week of Summerfield Square, a student housing development on the campus of the Alabama College of Osteopathic Medicine in Dothan, Ala., Corvias Campus Living has unveiled its first of what it hopes will be many student housing developments across the nation.
Economy Watch: Consumer Sentiment Unexpectedly Peppy
The University of Michigan reported on Friday that its consumer sentiment index for July came in at 85.1, an improvement from June’s final reading of 84.1, and also up from the mid-July reading of 83.9.
TODAY’S DEALS: MetLife Adds 300-Unit Asset to D.C.-Area Portfolio
MetLife buys a property in Lorton, Va.; Berkeley Point Capital closes a $25 million refinance for a property in North Carolina; and Delshah Capital Sells Stated Island Properties to The Arker Companies.
DeBartolo Opens Phase I of $40M Luxury Community
DeBartolo Development LLC recently announced the opening of The Retreat at Windermere, a multifamily community in Windermere, Fla., that is the first phase of vertical construction for Summerport Village, a 196-acre mixed-use development.
Greystar Completes Renovation at Silver Spring’s Warwick Apartments
Construction and renovations are complete at The Warwick Apartments, a 396-unit landmark apartment community in Silver Spring, Md. Greystar invested $11 million in the 18-month-long construction project.
Economy Watch: Interest Rates Cool a Bit
Mortgage interest rates spiked unexpectedly a few weeks ago and have been easing off since.
Work Under Way on Uptown Dallas High-Rise
Multifamily specialist JLB Partners, along with Compatriot Capital, a real estate subsidiary of Sammons Enterprises, has started work on a 299-unit high-rise apartment development in the Uptown neighborhood of Dallas.
Lennar and Resmark to Develop 196-Unit Mixed Use Community
Lennar Apartment Communities and Resmark Apartment Living announced that they would develop a 196-unit mixed-use multifamily community in Redwood City, Calif.