News
TODAY’S DEALS: Panther Properties Acquires Three Class A Assets for $75M
Panther Properties buys a Southern portfolio; Berkeley Point Capital closes a $32.7 million refinance loan for a California asset; and NorthMarq Capital arranges $19.35 million in acquisition financing.
Carroll Organization Continues Houston Multifamily Expansion
The Carroll Organization has acquired two residential properties in Houston, the 330-unit Waterford on Westheimer and Villas at Westheimer, which also totals 330 units.
MHN Interview: Universal Amenities and Connecting with Different Demographics
Do your amenities appeal to different demographics? MHN interviews Diana Pittro, executive vice president, RMK Management, about the different amenities her company has at various properties, which amenities have a universal appeal and what amenities renters seek out.
Construction Begins on New TOD in Charlotte’s Historic Arts District
The NoDa District of Charlotte, N.C., an enclave of distinctive galleries, restaurants, bars and performing spaces, will soon be home to a brand new 340-unit apartment building.
Corvias Group Renames Military Housing Division
Corvias Groupannounced that its military housing division will now be called Corvias Military Living, advancing a corporate re-branding that began in July 2012 with the introduction of the company’s new student housing division, Corvias Campus Living.
Economy Watch: Fannie Mae Roars Back to Profitability
Fannie Mae, practically given up for dead during the abyss of the Great Recession, showed signs of life in 2012.
Bridge Money
Developers are enjoying the greatly improved terms of structured financing.
TODAY’S DEALS: Pollack Shores Acquires 252-Unit Asset in Florida
ARA brokers a 252-unit sale in Florida; Centerline provides a $3.6 million refinance for an age- and income-restricted property in Minnesota; and Ideal Realty Group brokers the sale of two apartment towers by Virginia’s transportation department.
Peak Season
Property managers share tricks of the trade for preparing apartments for the warmer weather.