Market Rate
Brooklyn Development Lands $68M Loan
The project will benefit from the 421a tax abatement program.
AQP Capital Obtains $19M Loan for Greater LA Asset
The firm will use the funds to refinance and expand the property.
Tucson Asset Trades for $60M
The buyer also assumed the existing Fannie Mae loan.
Cherry Development to Break Ground on Las Vegas Community
The shareDOWNTOWN brand is set to expand with a third iteration.
Tammy Jones on Investment Strategies That Make an Impact
Diversity is at the foundation of Basis Investment Group’s business decisions, says the firm’s CEO.
Bascom, Oberndorf Pay $74M for Denver-Area Property
This asset previously traded in 2015 for $53.4 million.
Top 10 Markets for Multifamily Deliveries in 2023
Supply growth nationwide reached a decade-long peak, with more than 1.2 million units under construction, Yardi Matrix data shows. Multifamily deliveries remained strong in 2023, despite economic headwinds. This year, tighter lending circumstances and rising material, maintenance and labor costs will impact new construction starts, but the supply pipeline remains strong. Roughly 500,000 units are bound to come online in 2024, with markets in the South and West likely to stay at the top. To see how these trends evolved last year, we’ve compiled a list of the top markets for multifamily deliveries, leveraging Yardi Matrix data. Key Takeaways: 1….
Browman Development Snaps Up $47M Napa Valley Asset
The company backed the deal with a $35 million acquisition loan.
Jacksonville Portfolio Changes Hands
Southeast Property Group, the new owner, set aside nearly $10 million for capital expenditures.
Rise48 Equity Snaps Up 323-Unit DFW Asset
The buyer plans to invest north of $9 million in property improvements.