National
TODAY’S DEALS: Education Realty Trust Announces $108M Acquisition Plans
Education Realty Trust announces a $108 million acquisition and development plan; and Bozzuto, Abdo and Pritzker break ground on $200 million mixed-used development in Washington, D.C.
Will Renter Demand be Even Stronger in 2012? Industry Says Yes
Despite tepid job growth, net absorption in the apartment market continues, according to Hessam Nadji, managing director of Marcus & Millichap Real Estate Investment Services.
NMHC TECH SPECIAL REPORT: Futurist Urges Apartment Industry to Adopt ‘Storytelling’ and ‘Customization’
“How are our residents changing and how do we need to change the way we design and market our communities?” asks author Jack Uldrich during the 2011 NMHC Apartment Operations and Technology Conference & Exposition.
TODAY’S DEALS: Gotham Breaks Ground on $520M Manhattan Development
Gotham Organization Inc. breaks ground on a neighborhood-changing development in Manhattan; Beech Street Capital provides an $11.2 million loan for a community in Orlando; and Essex Realty Group sells two vintage apartments in Chicago.
TODAY’S DEALS: IPA Closes Luxury Apartment Sale
AMLI Residential buys a luxury community in a Dallas suburb; Federal Capital Partners buys a 170-unit community in Maryland; and ARA brokers the sale of a 112-unit property in Colorado Springs.
TODAY’S DEALS: TreeTop Development Enters Pennsylvania Market
TreeTop Development enters the Pennsylvania market with the purchase of a 70-unit asset; Ariel Property Advisors closes the sale of a development site in Manhattan; and KeyBank provides $28.6 million in Freddie Mac funding for assisted living refinances.
TODAY’S DEALS: HFF Secures $34M Refi for SoCal Asset
HFF secures a $34 million refinance for a 306-unit community; Beech Street Capital provides $40 million in financing for a Baltimore-area portfolio; and Essex brokers sale of mixed-use property for $1.6 million.
NMHC Reports Upswing in Multifamily Construction
The National Multi Housing Council’s latest Quarterly Survey of Apartment Market Conditions reports that increased demand for rental housing has led to a considerable uptick in multifamily construction.
TODAY’S DEALS: Centerline Provides $328M Structure to Finance Portfolio in Suburban Washington, D.C.
Centerline provides a $328 million Freddie Mac CME loan to finance portfolio of eight properties; Campus Crest Communities announced four new developments; and Beech Street closes $12.5 million for two communities in Southern California.
Ads Aimed at Young Renters Highlight Pitfalls of Living with Parents
New ad campaign aims at young renters by showing pitfalls of moving back in with mom and dad.