National
TODAY'S DEALS: Steadfast Income REIT Acquires 424-Unit Asset
Steadfast Income REIT acquires its second asset in Iowa; Pembrook arranges rehabilitation financing to the tune of $32 million; and Marcus & Millichap completes a $2.2 million sale at a 8.1 percent cap rate.
$3.4B in Multifamily Property Energy Savings for the Taking
According to a report released by CNT Energy and the American Council for an Energy-Efficient Economy, multifamily building owners could keep approximately $3.4 billion in their pockets annually through energy efficiency upgrades.
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.