News
MHN Interview with Mark Pordes: We Aim to Acquire 2000 Units Each Year in Florida
Mark Pordes talks to MHN about what his company does and the kind of sales tactics his team deploys to move excess product in Florida off the market.
Upscale Puerto Vallarta Condos Headed for Auction Block
The market for high-end condos and other resort properties in this west coast Mexican city isn’t n
Collections Firms Report Higher Collection Rate among Apartment Renters who use SureDeposit
Residents who enroll in the SureDeposit program are more likely to pay their lease-related debts in so
DEAL OF THE DAY: Walker & Dunlop Closes 73% LTV Freddie Mac Mortgage in Less than 40 Days
Walker & Dunlop provided a $28,547,000 refinance loan for Tenby Chase Apartments located in Delran, N. J.
Apartment Association Offers Free, Online Market Surveys and Websites to Property Owners/Managers in Five Florida Counties
The Apartment Association of Greater Orlando (AAGO) is offering a free online market survey tool and free password protected
Technology and Internet Are Shaping The New Leasing Center
Leasing centers have come a long way
MBA Appoints Gail Cardwell SVP of Commercial/Multifamily
Gail Cardwell has been appointed senior vice president of Commercial/Multifamily of The Mortgage Bankers Association (MBA).
San Francisco Kicks Off Green Loan Program for Property Owners
The city of San Francisco has officially launched GreenFinanceSF, a program to provide loans to property owners, including
Mixed-income Development May Point Way to Affordable Housing Development in NYC Suburb
With a median single-family home sales price of nearly $600,000, many residents, and want-to-be residents, of Westchester County, N.Y. struggle to find housing that is affordable.
DEAL OF THE DAY: Home Properties Prepares for More Acquisitions with 6.3% Cap Rate Transactions
Westminster, Md.– Home Properties Inc. says it has purchased the 208-unit Middlebrooke Apartments and the 110-unit Westminster Apartments from the original developer and owner of the two properties. “There finally are more acquisition opportunities in our key markets,” says Edward J. Pettinella, president and CEO of Home Properties. “We see great potential in these two properties, which we project will have a low double-digit internal rate of return. We hope to accelerate the pace of property purchases during the balance of the year.” Both apartment communities are located in Westminster, Md. Westminster is now called Westbrooke Apartments. Both Middlebrooke and…