News
Apartment Sector Will Continue to be Job Generator
Most sectors of the U.S. economy continue to show sluggish rates of employment growth, but the prospect of employment growth in the apartment industry is strong.
Spirit Investment, Bascom Team Up for Shopping Spree
Spirit Investment Partners LLC and The Bascom Group LLC have teamed up to form a joint venture, Spirit Bascom Ventures LLC, for the purpose of acquiring value-add multifamily properties in the eastern region of the country.
Riverstone Residential Group Names Heather Straub Vice President, Operations Florida Region
Riverstone Residential Group, a privately owned, third-party multifamily property management company, has named Heather Straub vice president, operations, Florida Region.
REISA Elects New Board of Director Officers
REISA, an association for alternative investments, has elected its 2012 Board Officers.
Cooper Square Realty Promotes Robert Klehammer to Vice President
Cooper Square Realty, a New York-based residential property management company, has promoted Robert Klehammer vice president.
Economy Watch: Homebuilders Perk Up
Even homebuilders are feeling a little more optimistic these days, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index, which was released on Wednesday.
What's Old is New Again: Value-Add Capital Program Aims to Modernize Community Interiors
CBRE Global Investors has purchased Heritage Creek, a 324-unit garden-style apartment community built in the ’90s, and it plans to initiate a value-add capital program to modernize the interiors.
TODAY'S DEALS: NorthMarq Arranges $136.4M for Student Housing Portfolio
NorthMarq provides $136.4 million to recapitalize a student housing portfolio; NASH-Newland acquires 28 master-planned communities; and Spirit/Bascom form a JV targeting 5,000 units.
Artemis Closes First Fund, Set to Hunt for Property
Artemis Real Estate Partners, has closed its first institutional fund, Artemis Real Estate Partners Fund I.
Jeff Goldshine Named President of Finlay Management
Multifamily industry veteran Jeffrey A. Goldshine has been appointed president of Finlay Management Inc