Mid-Atlantic
JV Acquires Three Student Housing Properties
A joint venture between Scion Group and Virtus Real Estate Capital has a acquired a portfolio of three student housing properties totaling 2,360 beds in 628 apartment units.
NAHB Honors the Year’s Best Apartments and Condos
High-end looks for student and affordable housing, green and energy-efficient building systems and contemporary design are the hallmarks of this year’s finalists for the 2013 Multifamily Pillars of the Industry Awards.
Bozzuto Tapped to Manage CityCenterDC Apartments
Hines and the TFI US Real Estate Fund have selected Bozzuto Management Co. to market and manage the apartment component of the mixed-use CityCenterDC development in Washington, DC.
Affordable Homes Break Ground in D.C.’s Mount Pleasant Community
Dignitaries congregated this week in the Mount Pleasant neighborhood of Washington, D.C., to celebrate the groundbreaking of Monsenor Romero Apartments. The $19 million affordable community, which will feature 63 units, will rise at the site once occupied by the Deauville apartments.
Energy-Oriented Financing Complete for D.C. Apartments
Urban Energy Advisors has completed Property Assessed Clean Energy (PACE) financing for a 139-unit affordable apartment property in Washington, D.C., totaling $340,000.
Maryland Office Building to Become Apartment Community
A five-story office building at 11411 Georgia Ave. in Wheaton, Md. is being redeveloped as an apartment building.
UIPGC Completes $4.5M Renovations on D.C. Community
UIP General Contracting recently completed a $4.5 million renovation on a six-building garden-style community called Takoma Flats.
Walker & Dunlop Honored with Top Awards by Fannie Mae
Walker & Dunlop, Inc. announced that it received two top awards at the 2013 Fannie Mae DUS® Meeting in Washington, D.C., for deals closed in 2012.
MARKET SNAPSHOT: Vacancy Continues to Fall Despite Stagnant Employment Growth in D.C.
Even as government spending cuts and other factors continue to limit job growth across the nation’s capital, multifamily occupancy has remained tight.
Berkeley Point Capital Expands Seniors Origination Team with the Hiring of Philip Hoffman
Philip Hoffman recently joined Berkeley Point Capital LLC as director, seniors and healthcare loan originations.