News
TODAY'S DEALS: Lender-Owned Multifamily Site Sells for $5.1M
An entitled development site sells in L.A.; Beech Street arranges $7.7 million to refinance a pair of Chicago nursing facilities; and Centerline supplies a $2 million, 80 percent refinancing loan to an affordable property.
IREM Report Confirms Strong Metrics for Apartments
The recently released 2012 edition of “Income/Expense Analysis: Conventional Apartments,” published by the Institute of Real Estate Management, confirms the conventional wisdom among the apartment industry. Namely, it’s bonanza time for landlords.
Joint Venture to Develop $39M Luxury Student Housing Community at The University of Mississippi
Carter, a development and investment firm, and Chance Partners, a real estate firm, announced that they were going to develop a $39 million student housing community at the University of Mississippi in Oxford, Miss.
Affordable Housing for People with Special Needs Coming to Wallkill, N.Y.
The Community Preservation Corporation, a not-for-profit mortgage lender financing multifamily development throughout New York, has closed on a $7.95 million construction loan to develop Sunrise Apartments in the town of Wallkill, N.Y.
Economy Watch: U.S. Sees July Rise in Job Creation
The U.S. economy created 163,000 jobs in July, according to the Bureau of Labor Statistics on Friday.
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.