News
Austin Multifamily Report – Summer 2020
While fundamentals took a hit this year, the metro’s diversified economy is helping the sector set a course for a relatively steady recovery.
29th Street Capital Picks Up Atlanta-Area Community
Built in 1974, the 300-unit property last changed hands in 2014 for $24 million.
NIC’s 2020 Fall Conference Highlights
The event’s three days covered a broad range of topics, from the pandemic’s impact on design to the forgotten middle market.
Kushner Acquires Richmond-Area Portfolio in $113M Deal
The three-asset portfolio last changed ownership in 2016 for $68.5 million.
Electra Capital Provides $92M Loan for Florida Luxury Community
The financing will enable Elevate Partners to lease up its newly built multifamily tower in Fort Lauderdale.
Coral Rock Scores $54M Loan for Miami-Area Project
The construction financing will help bring 260 residential units to Pura Vida Hialeah, a nine-acre mixed-use development.
Hines Launches Multifamily Management Firm
Willowick Residential will oversee the developer’s growing portfolio of apartment projects, starting with nine communities in Texas and Chicago.
BLDG Management Lands $289M Loan for Manhattan Tower
The owner secured the loan for its 429-unit, partially affordable apartment community in Midtown.
HPI Residential Opens New Austin Community
In 2018, the company received a $25.1 million development loan from Texas Capital Bank for the project.
IPA Brokers Greater Salt Lake City Sale
Danny Shin, Brock Zylstra, Steve Gebing and Cliff David assisted the seller of the 160-unit community.