Market Rate
Top 10 Apartment Owners in Richmond
After lagging the nation for most of 2017, rent growth in the city started rebounding last December. Upscale demand is driven by large commitments made by tech companies in the area, bringing in new multifamily construction.
On the Market: 5 Interesting Listings for the Week of 4/2
This week’s listings include a historic luxury community in Iowa and a property near Lake Michigan’s southernmost point.
Gelt Buys 491-Unit Seattle Portfolio
The seller, FPA Multifamily, recently renovated interior and exterior amenities, including the clubhouse, the fitness center and the parking lot of both properties.
Hunt Mortgage Arranges $9M Loan in VA
Geller Associates acquired Lee’s Landing in Newport News and will improve the community in order to qualify for the Fannie Mae green rewards program.
Walker & Dunlop Secures $75M Refi for Properties in DC, CA
Located in central Washington, D.C., and Sacramento, the properties total 450 units. The bridge loans provide 12-month terms with flexible prepayment options.
Kushner Buys 360-Unit NJ Property
The company has acquired Prospect Place, a two-building community located in Hackensack, N.J., from Greystar.
Dougherty Secures Refinancing for Dallas Community
The 53-unit garden-style property, located in the city’s North Oak Lawn submarket, contains a mix of studio, one- and two-bedroom apartments.
Security Properties Grows CO Portfolio With 220 Units
The company purchased Willows at Printers Park in Colorado Springs for $41 million and plans to make capital improvements to the property.
JLL Secures Financing for Texas Community
The firm has arranged the Freddie Mac loan on behalf of Frontline Holdings for Rock 35, a 144-unit community located 19 miles from Austin.
NXT Capital Arranges $46M for TX Apartments
The firm placed the first mortgage loan with HFF to refinance the 354-unit Pierpont, located in Spring. The community includes a club house, a billiard room and an onsite car wash.