Market Rate
Why Millennials Want Shorter Leases
The supply/demand imbalance and sky-high rents have led to an emerging trend in the apartment industry.
29th Street Capital Expands Texas Portfolio by 314 Apartment Units
29th Street Capital acquired 314 apartment units from a regional owner in an off-market transaction.
Berkadia Provides $24M Financing for 270-Unit Houston Community
Berkadia completed a $24 million loan for Villas at Cypresswood, a serene living environment featuring 270 units.
Monument Real Estate Services Expands with New Apartment Management Assignments
Monument Real Estate Services’ portfolio surpassed 3,800 units in the Lone Star State with the addition of Terraces on the Parkway and Courtyards on Glenview.
Advenir Buys 480-Unit Apartment Community in Houston
Advenir completed its third acquisition in 2016, a 480-unit Class A multifamily property located in Houston.
$23M Mixed-Use Community Coming to Greater Tampa
Jacksonville, Fla.—LandSouth Construction, a general contractor specializing in multifamily, senior housing and mixed-use development, has broken ground on a mixed-use apartment community in Lakeland, Fla. The $23 million development, to be called Village on the Avenue, is being developed by Davenport, Fla.-based Village Partners and designed by Pennsylvania-based James S. Carr AIA & Associates LLC. The 12-acre community will be located at 6720 South Florida Ave., and is scheduled for completion in May 2017. Polks County Planning Commission approved plans for the development in April 2015. For Village on the Avenue’s construction, LandSouth will use its unique integrated construction approach, in which…
Mich. Apartments First in the US to Use PACE Financing with USDA Approval
Groundbreaking Michigan project aims at boosting energy efficiency in rental properties.
Downtown Baltimore Property Sold through Greysteel
The 11-unit building nested in the heart of historic Mount Vernon was built in the 1900s and recently changed hands for $1 million.
$170M Financing Secured for FiDi’s 20 Broad Street
JLL secured $170 million in financing for the conversion of 20 Broad Street, a 29-story office building that FiDi veteran Nathan Berman will transform into a residential and retail asset.
Songy Highroads Arrives in the Multifamily Market
Songy Highroads has made its first multifamily purchase with the acquisition of Jefferson Place’s 136 rental units in Baton Rouge.