News
Suburban D.C. Apartments Sell for $98M
Falkland Chase, an apartment property with 450 units, has traded hands for $98 million, or about $218,000 per unit.
Post Properties, Inc. Launches Mobile App
In a move to offer residents a better online experience, Post Properties, Inc. announced the launch of its first mobile app for residents, MyPost™.
TODAY’S DEALS: AMLI Residential Sells 464-Unit Asset to Abacus Capital
AMLI residential completes a Chicagoland disposition; Beech Street closes $7.4 million for a two property portfolio in the Boston-area; and Home Properties executes its strategy to “lighten” its concentration in Washington, D.C. as it sells two properties for $109.1 million.
Ivanhoé Cambridge, Goldman Sachs and Greystar Partner on an 8,010-Unit Portfolio
Ivanhoé Cambridge has announced that it has partnered with the Real Estate Principal Investment Area of Goldman, Sachs & Co. and Greystar Real Estate Partners, as well as several other partners, in an 8,010-unit portfolio, with properties located across the United States.
Former Worcester School to Become Mixed-Income Housing
The vacant Worcester Vocational and Technical School in Worcester, Mass., will be transformed into the 84-unit Voke Lofts, a mixed-income housing development.
FHA Reform Efforts Must Ensure Borrowers Have Access to Affordable Home Loans
The National Association of Home Builders (NAHB) expressed support for congressional efforts to reform the Federal Housing Administration (FHA) but urged lawmakers to proceed in a cautious manner to avoid any disruptions to the nation’s housing finance system.
Fife Capital Selects Yardi Voyager to Support Asset and Property Management Operations in Australia
Yardi Systems, a leading developer of software solutions for the real estate investment, asset and property management industry is pleased to announce today that Fife Capital has selected Yardi Voyager(TM) as its platform of choice for real estate asset and property management.
2013 NMHC 50 Names Nation’s Largest Apartment Owners, Managers
Boston Capital (155,521 units owned) and Greystar Real Estate Partners LLC (198,533 units managed) remained the nation’s largest apartment owner and manager, respectively, for the third consecutive year, according to the National Multi Housing Council’s new 2013 NMHC 50.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 4.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April 5, 2013.
Michael Scurti Joins The Simon Companies as Chief Financial Officer
The Simon Companies, a professional developer, owner and manager of commercial and multifamily real estate, has hired Michael Scurti as the company’s new chief financial officer.