News
Compass Self Storage Enters Houston
The Huntington National Bank financed the transaction with a $7 million acquisition loan.
Economists Blame Sales, Construction Pause on More Than Interest Rates
NMHC’s Walter, JLL Capital Markets’ Rice outline cost concerns slowing multifamily activity during NAREE conference. But Rice predicts a sales activity uptick in the second half of 2023.
Quarterra Opens South Carolina Community
The developer started construction on the 303-unit apartment community in April 2020, and topped off in September 2022.
Campus Realty Advisors Gains $36M in Acquisition Financing
The investor was assisted by the Chicago office of BWE in funding the acquisition of a student housing facility serving Indiana University’s Bloomington campus.
Pennrose Opens New Jersey Affordable Senior Community
Previously a public housing site, the property went through a $20 million redevelopment.
Ability Housing to Build 92-Unit Affordable Project in South Jacksonville
Villages of New Augustine will be the developer’s first multifamily community in St. Johns County.
Midsize SFR Buyers ‘Going Strong’
A key takeaway from the National Association of Real Estate Editors’ annual conference is that the single-family build-to-rent sector is encountering both prosperity and headwinds.
Bank OZK Provides $130M Loan for South Tampa Project
Belpointe OZ will use the financing to build a 424-unit community in downtown Sarasota, Fla.
Capital Square Acquires BFR Community in Reno
The 102-unit build-for-rent community was completed in 2022 and is located a short commute away from major employers in Reno, Nev.
Fore Property Gets $68M Loan to Build Orlando Asset
PCCP provided the financing for the 309-unit community to be developed in Kissimmee, Fla.