News
MARKET SNAPSHOT: Vacancy Hits Lowest Level in Over a Decade in Kansas City
Submarkets across the Kansas City metro area posted substantially improved vacancies in the second quarter of 2012, some as low as 3.5 percent.
Boston Capital Invests in 70-unit Affordable Multifamily Development
Boston Capital is investing in the construction of Cheriton Heights Apartments, a 70-unit multifamily development for seniors in Boston’s West Roxbury neighborhood.
McKinley Appoints Gene Miller as New Chairman and Recognizes Paul Dimond
McKinley board members Albert M. Berriz and Marc Weiser recently announced at their 3Q board meeting that Eugene A. (“Gene”) Miller has been elected chairman of the board effective immediately.
MBA Analysis Pegs 2011 Multifamily Lending at $110 Billion, Up 60 Percent From 2010
In 2011, 2,653 different multifamily lenders provided a total of $110.1 billion in new mortgages for apartment buildings with five or more units, according to a report from the Mortgage Bankers Association.
Economy Watch: Apartment Vacancies, Absorption Both Edge Down
Reis Inc. reported on Wednesday that the national apartment vacancy rate was 4.6 percent during the third quarter, down a notch from 4.7 percent during the previous quarter.
Public-Private Overhaul
Institutions across the country look to the University of Kentucky for advice on using public-private partnerships to replace aging student housing stock.
A Landlord’s Market
With vacancies low and new construction minimal, the Sunshine State holds great opportunity for apartment owners and investors.
New Apartments Underway in Suburban Philly
Madison Apartment Group has broken ground on Madison New Britain, a 232-unit apartment community in the Philadelphia suburb of Chalfont in Bucks County.
Join a Live Facebook Chat with Student Housing Expert John Picerne on October 16
John Picerne, CEO of the recently launched Corvias Group, as well as Picerne Military Housing, will be on the Multi-Housing News Facebook page http://www.facebook.com/MHNonFB on Tuesday, October 16th from 2 p.m. to 3 p.m. EST to answer all of your questions.
AHC Partners with City of Alexandria on New Affordable Housing Project
The City of Alexandria approved $250,000 in pre-development funds to move forward with AHC on building a 77-unit affordable apartment complex at the intersection of East Reed Avenue and Jefferson Davis Highway (Route 1).