News
VennCap Real Estate Selects Yardi Voyager for Real Estate Asset and Property Management in Australia
Yardi®, a developer of software solutions for the real estate investment, asset and property management industry, announced today that VennCap Real Estate Pty Ltd (VennCap) has selected Yardi Voyager® for their real estate asset and property management operations.
Economy Watch: Serious Mortgage Delinquencies Continue to Drop
Fannie Mae reported that the single-family serious delinquency rate for mortgages and it owns or insures declined in July to 2.7 percent from 2.77 percent in June.
TODAY’S DEALS: Greystar Acquires $460M Portfolio
Greystar acquires 4,371 units from Inland; IPA completes a bulk condo sale in Yonkers, N.Y.; and Beech Street Capital provides $36.5 million for an Alabama apartment asset.
MHN Exclusive: Trade Street Residential Expands Charleston Presence with $48M Apartment Acquisition
Trade Street Residential continues to display its penchant for well-located, high-quality, Class A assets in the South East. The apartment REIT has just completed its third acquisition since its IPO in May.
Epoch Plans Expansion of Austin Apartments
Epoch Properties has unveiled plans for the second phase of Monterra, an apartment community in Austin, Texas. It will include 11 three-story garden apartment buildings and five two-story carriage apartment buildings, with a total of 256 units.
LDG Development Breaks Ground on $21M Affordable Austin Community
LDG Development announced the ground breaking of a new 228-unit affordable community in Austin, Texas.
TODAY’S DEALS: Inland Acquires 146 Units in Florida
Inland Real Estate Acquistions buys a townhome development; and Greystone originates $6.7 million for a Florida acquisition.
Grosvenor Americas Acquires Carlmont Woods Apartments
Carlmont Woods Apartments, an 11.5-acre, 195-unit garden apartment community in the upscale San Francisco suburb of Belmont, Calif., has been acquired by Grosvenor Americas of San Francisco, which plans to renovate unit interiors and common-area amenities to modern standards.
Economy Watch: Negative Equity Continues to Drop
Zillow said that it estimates that the national negative equity rate fell to 23.8 percent of all homeowners with a mortgage during the second quarter, down from 25.4 percent in the first quarter.
Leighton Properties Announces Landmark Office Project in North Sydney
Leighton Properties has announced plans to develop North Sydney’s first new commercial building in six years.