Mid-Atlantic
PROFILE: Home Builders Institute
“Help us help you” might be an apt message of Home Builders Institute. The organization seeks to reach out to the multifamily industry to place graduates of its educational and training programs in employment opportunities throughout the country.
Private Equity Group Tryko Expands in Baltimore
Private equity real estate group Tryko Partners LLC has expanded its presence in the Baltimore multifamily market with the purchase of Park Raven, a 253-unit community.
Private Equity Investor Snaps Up Maryland Affordable Housing Property
Tryko Partners has acquired Perrywood Garden, a 184-unit affordable housing property in the outskirts of Aberdeen, a small city near the confluence of the Susquehanna River and Chesapeake Bay.
Patty Rouse, Housing Visionary and Co-Founder of Enterprise, Passes Away at 85
Patricia “Patty” Rouse, the co-founder of The Enterprise Foundation, now Enterprise Community Partners Inc., and wife to the late James W. “Jim” Rouse has died at 85, Enterprise announced today.
New Affordable/Market Rate Apartments Open in Suburban D.C.
The Galaxy, a new five-story, 195-unit rental apartment building in downtown Silver Spring, Md., has started accepting residents.
Insight Adds to Multifamily Portfolio with Silver Spring Purchase
Insight Property Group has purchased the U.S. Postal Service’s former Silver Spring Post Office site in Silver Spring, Md. The developer plans to start construction of the proposed 310-unit project in the fourth quarter of 2012.
Beech Street Sees Jump in DUS Lending
Beech Street Capital LLC reports that the company is now the nation’s number-three Fannie Mae DUS lender, with its multifamily financing volume spiking in 2011 to $2.2 billion. The company’s volume with Fannie Mae more than doubled last year.
It's a Slow but Steady Recovery for Seniors Housing
The seniors housing sector is fighting its way back to health, and the numbers tell the story.
Fannie Mae Ups Multifamily MBS Issuance
Fannie Mae reports that during the fourth quarter of 2011, it issued $7.2 billion multifamily MBS, the highest quarterly issuance since the GSE started bringing its multifamily MBS business back from a standstill in 2009.
New Residential Property Slated for Reston Town Center's Last Vacant Site
The mixed-use Reston Town Center took a step closer to adding a new multifamily residential component with the selection by developer Boston Properties of a construction firm, Lend Lease, to build the property.