Mid-Atlantic
Gilbane Development Completes 978-Bed Student Property
The fully furbished community serves the University of Maryland.
Baltimore Multifamily Report – August 2022
Baltimore’s multifamily market posted moderate performance amid rising interest rates and a declining population. The average rent reached $1,664, up 0.8 percent on a trailing three-month basis through June, picking up after two quarters of sluggish increases. The rate remains just below the $1,706 U.S. figure. READ THE FULL YARDI MATRIX REPORT Baltimore’s economy is still lagging pre-pandemic levels of employment, but is making strides nonetheless. Job growth was at 4.1 percent —60 basis points behind the U.S. average—with 71,700 positions added in the 12 months ending in May. The unemployment rate clocked in at 3.6 percent as of May,…
DCHFA Funds Construction of DC Affordable Housing
The community will serve residents earning 30 percent to 50 percent below the area median income.
Capital Square Lands Financing for Richmond Community
USAA Life Insurance Co. provided the loan for the property located in an Opportunity Zone.
SCG Breaks Ground on Baltimore Project
South Street Centre will offer both affordable and senior housing once completed.
High Street Residential JV Completes Philadelphia Community
MetLife Investment Management partnered with the Trammell Crow affiliate on this 280-unit development.
Capital Square Buys Virginia Property for $98M
Rivergate is located near Amazon’s second headquarters, which will open in 2023.
American Landmark Buys Richmond Community
This purchase marks the firm’s second in the market for the year.
CHI Moves Forward on Baltimore Senior Development
The firm partnered with AGM Financial Services to procure the funding for Cascades of Frederick.