News
LCOR Residential Takes Over 900 Units
LCOR Residential recently won three property management assignments, totaling 900 units—bringing the company’s property management portfolio to more than 8,000 units nationwide.
NJBA Honors Ed Walters with Affordable Housing Award
Ed Walters, Jr., partner and founder of Walters Group, has been selected to receive an Affordable Housing Award from New Jersey Builders Association (NJBA).
TODAY’S DEALS: Waterton Sells Maryland Asset for $40.8M
HFF closes a $40.8 million sale for Waterton Associates; Steadfast Income REIT acquires two Southern assets for $61 million; and Alliant Capital closes on a $1.8 million acquisition loan.
Lower Operating Costs Mean New-Home Buyers Can Afford More House
During New Homes Month in April, the National Association of Home Builders (NAHB) is showing home buyers why they can afford a higher-priced home—if it’s new construction.
Consumer Capital Partners to Invest in Apartments Nationwide
When people think of Smashburger, most think of the nation’s fastest growing better burger chain. But Smashburger’s owner, Consumer Capital Partners, is looking beyond burgers to the multifamily industry.
Economy Watch: State Unemployment Declining
The Bureau of Labor Statistics reported on Friday that in February, month-over-month, 22 states had unemployment rate decreases, 12 states experienced increases and 16 states and the District of Columbia saw no change.
NorSouth Constructs Opens New Office in Metro Atlanta
NorSouth Constructs, a construction firm that specializes in building mixed-use, senior and multi-family communities, has opened a new office at 3295 River Exchange in Norcross, Ga.
TODAY’S DEALS: Walker & Dunlop Provides $27.4M for Military Communities in Washington
Walker & Dunlop provides $27.4 million to three assets near Joint Base Lewis McChord; Holliday Fenoglio Fowler closes a $19 million apartment sale in N.J.; and Marcus & Millichap Capital Corp. arranges a $5.5 million refinance for a Class C property at 75 percent LTV ratio.
RCD Breaks Ground on Affordable Seniors Community
Developer Resources for Community Development of Berkeley, Calif., and architect KTGY Group have broken ground on an affordable seniors community in Contra Costa County, Calif. The community, called Berrellesa Palms, will provide housing for seniors with chronic medical conditions.
‘What Renters Want’ with Jessica Fiur: Six Prospective Renter ‘Tells’
Potential renters often give off clues as to whether they’re interested in an apartment or not, and this knowledge could be helpful for leasing agents. Here are some of those ‘tells.’