News
Berkeley Point Capital Expands Seniors Origination Team with the Hiring of Philip Hoffman
Philip Hoffman recently joined Berkeley Point Capital LLC as director, seniors and healthcare loan originations.
Gebroe-Hammer Orchestrates Sale of Two Pennsylvania Communities for a Total of $4.94M
Gebroe-Hammer Associates, a Livingston, N.J.-based firm, represented two sellers of multifamily properties in separate transactions in southeastern Pennsylvania totaling a combined 51 units that sold for $4.94 million.
Most Commercial/Multifamily Delinquency Rates Decline in Q1
Delinquency rates for commercial and multifamily mortgage loans generally declined in the first quarter of 2013, according to the Mortgage Bankers Association’s Commercial/Multifamily Delinquency Report.
Economy Watch: Construction Spending Ekes Out Gain
The Census Bureau reported that U.S. construction spending edged up in April by 0.4 percent compared with March, to an annualized rate of $860.8 billion.
Kayne Anderson Buys St. Louis Student Housing
Kayne Anderson Real Estate Advisors has acquired four properties in St. Louis. The portfolio consists of three adjacent apartment buildings totaling 406 units, and a 746-space parking garage. The buyer did not specify a purchase price.
Strong Site-level Teams Ensure a Better Investment
The June issue of MHN Magazine focuses on operations
Hanover Pacific Breaks Ground on Mixed-Use Student Housing Community
Hanover Pacific has broken ground on a mixed-use, 173,000-square foot graduate student housing community near Western University of Health Sciences, a private, non-profit graduate school for health professionals in Pomona, Calif.
TODAY’S DEALS: MAA and Colonial Properties Trust to Merge
MAA & Colonial Properties to merge in an 85,000-unit REIT; Post Properties closes on a $48.6 million buy in Orlando, Fla.; and Meridian Capital negotiates financing for mixed-use and multifamily properties in New York.