National
Students Given Opportunity to Pay Rent Through Facebook
Campus Apartments now allows residents to pay rent on its online account portal SmartClick via Facebook Connect.
TODAY'S DEALS: Charles Dunn Completes $17M L.A. Sale
Charles Dunn Company completes a $17 million sale in Los Angeles; SL Green closes a joint venture acquisition with Stonehenge Partners; and NorthMarq Capital arranges a $20.1 million mortgage/bridge loan for a seniors housing portfolio.
Survey Points to Larger Numbers of Renters by Choice
Only 59.5 percent of renters said that they ‘definitely’ or ‘probably’ would renew their apartment leases, according to a new survey by Kingsley Associates. The figure represents a new three-year low.
TODAY'S DEALS: RED Finances $72M Loan for Bay Area Community
Red Mortgage Capital funds a $72 million rehabilitation loan; Walker & Dunlop provides $163.8 million for four assets in Connecticut; and Marcus & Millichap provides a $9.2 million cash-out refinancing in transfer of ownership from TIC to LLC.
Joint Venture Acquires 7,654-acre CalPERS Portfolio, Including Merriam Mountain
By Gabriel Circiog, Associate Editor San Diego-based Newland Real Estate Group LLC has formed a new joint venture with North America Sekisui House LLC, a division of a major Japanese development company, and has thus acquired the largest operating portfolio of residential master-planned communities in the United States. The San Diego Union-Tribune reports the deal […]
TODAY'S DEALS: Inland American Breaks Ground on Arizona Student Housing
Inland American Communities breaks ground on a 318-bed student housing community; EdR buys a collegiate housing asset in Oklahoma; and NorthMarq arranges a $19.2 million FHA-insured mortgage.
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.
TODAY'S DEALS: HFF Lands $52M in Acquisition Financing for Texas Student Housing
HFF secures financing for two student housing acquisitions; and Tryko Partners nearly doubles its multifamily holdings in 2011.
Special Report: 'Capital is Constrained' Says NMHC Apartment Strategies Panel
In Part 2 of MHN’s Special Report from the NMHC Annual Meeting, the industry opines on the availability of infill sites, the dangers of overbuilding and opportunities in tertiary markets.
TODAY'S DEALS: The Morgan Group Arranges $146M
The Morgan Group arranges $146 million for five properties; Beech Street Capital lands $14 million for a 162-unit asset near Washington, D.C.; and NorthMarq connects a borrower to $4.5 million from life a insurance company.