National
TODAY’S DEALS: Waterton Residential Continues Buying Spree with Austin Purchase
Waterton Residential acquires a 288-unit community in Austin; MEPT and Bentall Kennedy announce a Manhattan development; and NorthMarq Capital arranges a $21 million, three-year bridge loan with interest-only.
TODAY’S DEALS: Extell Closes on $700M Construction Loan
Extell Closes on $700M construction loan; Phoenix Realty Group purchases a 253-unit community; and California Landmark breaks ground on a mixed-use development.
SPECIAL REPORT: Lenders Want to Lend to Multifamily Today, but Will They Feel the Same in Two Years?
How much longer can the multifamily market enjoy the extremely low interest rates? This question was addressed at the Massey Knakel Multifamily Summit, presented by GreenPearl Events this week in New York.
TODAY’S DEALS: Waterton Residential Buys Class A Community in Florida
Waterton Residential buys a 384-unit Class A community; NorthMarq Capital helps property refinance with a $21 million mortgage; and Red Mortgage Capital provides a $13.4M construction loan.
TODAY’S DEALS: HFF Arranges Refinancing for Austin Asset
HFF arranges refinancing for a 184-unit community north of Austin; NorthMarq arranges $27.1 million in combined mortgages for four properties; and Charles Dunn completes a 50-unit sale in Santa Monica.
Increasing Revenue, Not Rents, With Utility Billing Systems
Setting up a utility billing system can lower costs for property managers without raising rents for residents.
TODAY’S DEALS: Prudential Closes $80.5M Loan to Bonaventure Realty
Prudential Mortgage Capital Company closes an $80.5 million loan; Marcus & Millichap sells 26 units in California; and Alliant Capital completes a $1.45 million refinance of an eight-unit building.
TODAY’S DEALS: Colonial Properties Trust Acquires 312-Unit Asset
Colonial Properties Trust completes a 312-unit acquisition in Dallas; Stoneleigh buys a 228-unit community outside San Antonio; and GFI Realty Services brokers the sale of a154-unit asset in Brooklyn, N.Y.
TODAY’S DEALS: Marcus & Millichap Sells 2,253-Units
Marcus & Millichap brokers the sale of a nine-property portfolio; Health Care REIT completes a $632.5M public offering; and Dome Equities acquires a 220-unit property.
TODAY’S DEALS: Pollack Shores Acquires Two Atlanta Area Assets for $49.1M
Pollack Shores Real Estate Group acquires two Class A properties in the Atlanta area; Johnson Capital arranges $33 million for three luxury properties in Los Angeles; and Marcus & Millichap brokers the sale of a community in Washington, D.C., for $17.1 million.