Market Rate
Berkadia Lends a Hand in $21M Atlanta Sale
Managing Directors Paul Vetter and Andrew Mays, Senior Director Judy MacManus and Director Matthew White worked on behalf of the seller, HandyTrac Systems.
Carmel Partners Expands Into NJ
Marking the firm’s first investment in the state, the company purchased Hunters Glen in Plainsboro Township and plans on updating interiors, renovating the exterior and improving amenities.
Napali Acquires 3rd Atlanta Asset
The company plans to invest in structural improvements, in-unit upgrades and property rebranding. Strategic Management Partners will handle operations at the community.
IPA Brokers $20M Value-Add Sale in Tucson
The new owner will capitalize on the improvements made by the seller, which led to an 18.5 percent increase in the average monthly rent, compared to last year.
Prudent Growth Fetches 110-Unit NC Asset
Senior Investment Advisor Nathan Vaughan of Waterstone Multifamily Group brokered the transaction, which marks the company’s first acquisition in the eastern part of the state.
Airbnb Intensifies Gentrification Across NYC Communities: Report
According to a ShareBetter coalition report, short-term rentals have removed as many as 13,500 housing units yearly, with 66 percent of revenue being derived from illegal listings.
Hunt Mortgage Refinances 2 FL Properties
The company secured $25 million in Fannie Mae loans for properties in Miami and Palm Beach County.
Champion Snaps Up 2 in Glendale
Champion Real Estate Co. acquired the 42-unit Princess Louise and 62-unit Windsor Real. The company has plans for a variety of upgrades to each of the properties.
On the Market: 5 Interesting Listings for the Week of 1/29
This week’s listings include a portfolio investment opportunity in Prince George’s County, Md., a new development in the Irvington neighborhood of Portland and an affordable housing community in Dallas.
Top 10 St. Louis Apartment Owners
Several local investors have emerged as the city’s top community buyers, due to the city’s emerging startup scene and business-friendly environment.