News
Atlanta Multifamily Report – Summer 2020
Deal flow and occupancy recorded sharp drops, but construction has fared relatively well since the onset of the health crisis.
AMCAL Equities Acquires Houston Property
Circuit Apartments was built in 2015 and is located in the city’s East Downtown district.
RISE Properties Buys Seattle Apartments for $34M
The new owner assumed $21.4 million in existing Fannie Mae debt on the 117-unit community.
JPI Sells 5-Property Dallas Portfolio
The sale of nearly 2,000 units marks the developer’s single largest transaction in 15 years.
Cloudy Prospects for Multifamily Amid Economic Comeback
Fannie Mae forecasts that GDP will grow by an annualized rate of 27.2 percent in the third quarter, but state and local budgets are a concern.
Insight Property Group Renovates Washington, DC-Area Community
The company has completed the repositioning of a property in Falls Church, Va., that it began in December 2018.
JV Sells Phoenix Community for $20M
JLL secured $15 million in Freddie Mac financing on behalf of the buyer, SB Real Estate Partners.
Berkadia Brokers Sale of Two Tampa Bay Properties
The company secured a Freddie Mac financing package for the buyer, American Residential Investment Management.
American Landmark Buys Space Coast Community
The buyer plans to invest $3 million in upgrades for the property southeast of Orlando, Fla.
Queens Condo Project Lands $21M Loan
Santander Bank originated the construction loan for the 50-unit development in Long Island City, N.Y.