Market Rate
Hunt Obtains $23M Financing for VA and MD Assets
The company provided an acquisition loan for the 176-unit Trellis at Lee’s Mill Apartments in Newport News, Va., as well as a refinancing loan for the 162–unit Hickory Hill Apartments in Frederick, Md.
Security Properties Snags $81M OR Community
In a joint venture with Cigna Investment Management, the company purchased Arbor Heights, a 348-unit Class A garden-style community. This purchase marks the partners’ fourth acquisition.
TAWANI Develops Chicago Asset
Located in the city’s Rogers Park neighborhood, the building will feature 45 apartments across five stories, as well as three floors utilized for parking.
5 Multifamily Development Trends Shaping 2018
Dan Doyle, senior vice president of development at The Beach Co., offers his take on the key areas shaping the industry in the coming year, including renter segmentation, community engagement and customer service.
ROSS Acquires 210-Unit MD Community
Located in Towson, Md., Versailles Apartments features a car wash, 24-hour emergency maintenance and a playground.
Henley USA Acquires Queens Apartments for $23M
The company plans to renovate the 56-unit property in Jackson Heights, including upgrades to the heating systems and updating common areas.
JLL Facilitates Sale of Texas Community Built in the 60s
The 44-unit community, located off Loop 1604 near Interstate 35 in northwest San Antonio, is a solid investment due to its value-add profile.
San Antonio Asset Trades in Off-Market Deal
Avistar at Chase Hill is an asset built in 1978, minutes from the University of Texas at San Antonio, with significant value-add opportunities.
Tucson Communities Trade for $45M
The two apartment communities are adjacent to each other, on West Aerie Drive, near Interstate 10. The immediate area boasts a plethora of shopping and dining options.
Jonathan Rose Begins Leasing Brooklyn Community
Caesura, named after a pause in the middle of a line of music or poetry, features 123 studios and one- and two-bedroom apartments, in addition to 34 furnished micro units. Move-ins will begin in February 2018.