News
Tryko Partners Begins Extensive Renovation on Distressed Affordable Community in Maryland
Tryko Partners recently acquired Perrywood Gardens, a 184-unit affordable housing community in Aberdeen, Md. The company is currently implementing a $500,000 renovation program for the property.
TODAY’S DEALS: Waterton Associates Initiates Value-Add Play in Florida
Waterton Associates buys a 402-unit asset; Morgan Properties completes a historic acquisition; and AvalonBay prices a $250 million unsecured offering.
Thor Urbana Capital Launches a Half a Billion Dollar Investment in Mexico
Thor Urbana Capital recently announced that it is launching a major investment project, estimated at around half a billion dollars, across Mexico.
Health Care REIT Expands Portfolio
Ohio-based Health Care REIT Inc. has acquired a 192-unit senior housing development in Lake Barrington for $81.7 million from a joint venture between Senior Lifestyle Corp. and Walton Street Capital LLC,
Red Capital Analytics Introduces the Industry’s First Comprehensive Suite of Price Indices for Commercial Real Estate
Real Capital Analytics (RCA) recently announced the launch of the RCA Commercial Property Price Indices (RCA CPPI).
Commercial/Multifamily Mortgage Delinquency Rates Down in Third Quarter
Delinquency rates decreased for commercial and multifamily mortgage loans in the third quarter, according to the Mortgage Bankers Association’s Commercial/Multifamily Delinquency Report.
Number of Improving Housing Markets Surges to 201 in December
The number of housing markets considered “improving” according to parameters established by the National Association of Home Builders/First American Improving Markets Index surged by 76 to a total of 201 metros in December.
Jordan’s Highest Residential Tower Tops Out
Jordan’s future tallest residential tower is well on its way to completion, with developer DAMAC Properties announcing the topping out of the 36-story The Heights.
MARKET SNAPSHOT: Absorption in Cincinnati Expected to Reach 14-Year High as Manufacturing Booms
The City of Seven Hills is witnessing a surge in manufacturing positions that is translating to heightened employment overall and a sustained demand for rental units.
Corvias to Develop Student Apartments for Alabama College of Osteopathic Medicine
Corvias Campus Living, the new student housing division of Corvias Group, will build and manage three 30,864-square-foot residential apartment buildings for the Alabama College of Osteopathic Medicine.