News

TODAY'S DEALS: BPG Completes $20M Disposition

BPG sells a 424-unit asset; BH Properties buys a community in Phoenix for $7.3 million; and Boston Capital invests in multifamily developments in New York.

New Affordable Housing Community for Seniors Opens in D.C.

Banc of America Community Development Corp. and Victory Housing Inc. recently celebrated the opening of Victory Square, an affordable housing development for seniors in Washington, D.C.

Bath Innovations

Rethinking basic design and amenities can go a long way towards distinguishing your property.

Advenir Enters Orlando Market With $27.1 Million Apartment Community Purchase

Advenir, a provider of multifamily real estate investment and management services, purchased a 308-unit community located in the upscale Waterford Lakes submarket of Orlando for $27.1 million and rebranded it as Advenir at Polos East.

HFF Hires David Wagner as Director in its Atlanta office

HFF announced today that David Wagner has joined the firm as a director in its Atlanta office.

Fannie Mae Releases New Research Brief: What Drives Consumers’ Intentions to Own or Rent

Fannie Mae’s Economic & Strategic Research Group today released a new Research Brief that investigates the factors that drive Americans’ intentions to own or rent their home.

David Selznick Joins Kayne Anderson Real Estate Advisors as Managing Director

Kayne Anderson Real Estate Advisors (“KAREA”), the private equity real estate arm of Kayne Anderson Capital Advisors, which invests primarily in student housing, announced today the appointment of David Selznick as a managing director.

MARKET SNAPSHOT: Rents at Record Highs Prior to New Wave of Construction in Minneapolis

As many continue to have reservations about entering the single-family market, apartment demand has boomed in the Minneapolis/St. Paul metro area, with the overall Q3 2012 vacancy rate coming in at 2.4 percent.

Orion Real Estate Services Inc. Names Brian Willey as Director of Business Development

Orion Real Estate Services Inc. has named Brian Willey as its new director of business development.

Russian Residential Developer Has a Full Plate

An experienced Moscow-based residential development firm, PIK Group, has recently launched sales for a new centrally located project.