News
Scott Watson Rejoins Johnson Capital, Looking Forward to Multifamily Deals
Irvine, Calif.–Scott Watson has rejoined Johnson Capital as a vice president and will be arranging debt and equity capital for a wide range of commercial and residential real estate.
Construction Commences on $33M Green Affordable Housing Development
Davie, Fla.–Ground has just broken on East Village, a 155-unit affordable housing townhome community in Davie, Fla., that will bring much-needed housing to very low-income families.
Texas Apartment Markets Rebounding
Three recent reports on major metro area apartment markets in Texas by real estate investment specialist Marcus & Millichap point to better times for apartments because of a relatively buoyant Texas economy.
DEAL OF THE DAY: USAA Buys New, 100% Leased, Apartment Property from Wood Partners
Orlando, Fla.– USAA Real Estate Company announces the purchase of Patterson Court, a Class-A multifamily community located in Little Lake Bryan, a master development in Orlando, Fla. The property was purchased from Atlanta-based Wood Partners.
RealPage, Inc. Announces Public Offering of Its Common Stock
RealPage, Inc. has announced that it has filed a registration statement with the U.S. Securities and Exchange Commission relating to a public offering of 9 million shares of its common stock, of which 4 million are being offered by the Company and 5 million are being offered by selling stockholders. In addition, certain selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of common stock to cover over-allotments, if any. RealPage will not receive any of the proceeds from the sale of shares by the selling stockholders. The offering price of the…
PropertyShark’s Top-Selling NYC Multi-Housing Buildings of 2010
New York–PropertyShark has identified the apartment buildings with the most units sold during the first three quarters of 2010.
DEAL OF THE DAY: RED Provides $36M in Fannie Mae DUS Financing for Randall Realty’s West Coast Properties
Columbus, Ohio–Red Mortgage Capital, LLC, one of the nation’s top Fannie Mae DUS lenders and the mortgage banking arm of comprehensive capital provider, Red Capital Group, structured Fannie Mae DUS multifamily financings for The Randall Group.
USDA Offers $14M for Rural Affordable Housing Rehabilitation
Washington, DC–The U.S. Department of Agriculture has unveiled a new program to provide low-interest loans to rehabilitate multifamily housing in rural areas.
$200M Joint Venture Recaps Six-Property Seniors Portfolio
Harrison Street Real Estate Capital has joined forces with Morningside House Senior Living on a $200 million joint venture.