Mid-Atlantic
Apartment REIT Recapitalizes, Renames Itself
In a complex deal involving a number of investors, Apartment Trust of America Inc. has recapitalized itself, acquired a large new portfolio and changed its name.
Woodfield Investments and Bozzuto Partner on Md. Multifamily Community
Woodfield Investments, a privately owned apartment development company, has partnered with Bozzuto Management Company on Hidden Creek, a 300-unit garden apartment community in Gaithersburg, Md.
New Affordable Housing Community for Seniors Opens in D.C.
Banc of America Community Development Corp. and Victory Housing Inc. recently celebrated the opening of Victory Square, an affordable housing development for seniors in Washington, D.C.
D.C. Affordable Seniors Housing Completes Renovation
The redevelopment of the Paul Laurence Dunbar Apartments has been completed. The 171-unit seniors housing property, formerly called the Campbell Heights Apartments, is a 40-year-old building on 15th Street NW in the District of Columbia.
JGB Rosenfeld Retail and The Bozzuto Group to Build ‘True Town Center’
JBG Rosenfeld Retail and The Bozzuto Group have closed on Downtown Crown, 20 acres of land at the Crown property in Montgomery County, Md., for a combined cost of $28 million.
Home Properties Acquires Baltimore-Area Apartment Asset for $186M
Home Properties paid cash for the 1,350-unit apartment property, or about $138,000 per unit, and it estimates that the first-year cap rate will be 5.9 percent.
Ground Broken on Apartments in North Bethesda
Ground has been broken for Aurora, the second residential phase of North Bethesda Center at the White Flint Metrorail.
MARKET SNAPSHOT: Occupancy, Investment Activity on the Rise in the Nation's Capital
In the first quarter of 2012, the Washington, D.C., metro saw overall vacancy fall 20 basis points to 4.0 percent, while vacancy in the district fell 30 basis points to 4.4 percent.
Work Begins on Affordable Seniors Housing in Baltimore
Enterprise Homes has broken ground on the Greens at Irvington Mews, a 100-unit affordable housing development in Baltimore.
Report Reveals Favorable Multifamily Prospects For the Foreseeable Future
A recent report by TD Economics, an affiliate of TD Bank, confirms the generally positive state (for landlords) of the U.S. multifamily housing market.