National
MARKET SNAPSHOT: 2012 Predictions Indicate that Class B Product Will Play Bigger Role
The multi-housing sector continues to be in the best shape of all real estate, affirmed panelists at a webinar, hosted by Humphreys & Partners Architects LP, yesterday.
IRS Issues "Repair Regulations," Multifamily Industry Now Has to Figure Them Out
There are new federal regulations regarding the tax treatment of costs incurred in acquiring, maintaining and improving tangible property, including multifamily buildings. The Internal Revenue Service issued temporary and proposed ruleson the matter just before Christmas–and now it’s up to members of the multifamily industry to figure out how they will affect their businesses.
TODAY'S DEALS: HFF Brokers Disposition, Closes Loan Sales
HFF brokers Chicago sale, closes loan sales; Tryko acquires a 163-unit asset in Pennsylvania; and Boston Capital Finance closes two rehab construction loans in Arkansas.
TODAY'S DEALS: EdR Acquires Student Asset for $28.5M
EdR acquires a property serving St. Louis University; Continental Realty Advisors purchases a 1,200-unit portfolio; and NorthMarq arranges a $19.1 million Freddie Mac mortgage.
Today's Deals: Colony Hills Capital Acquires First Asset
Colony Hills Capital acquires its first property; Campus Crest closes four construction loans; and Alliant Capital supplies a $11.8 million loan.
Serious Mortgage Delinquency Rate on the Downswing
Serious mortgage delinquencies for single-family homes and condominium units have been on a steady decline for the last 18 months.
Today's Deals: Post Properties Completes $184.7M Prepayment on MF Notes
Post Properties completes a prepayment on notes secured by six properties; and Senior Housing Properties announces a termination of 10 leases with Sunrise Senior Living.
Today's Deals: Wood Partners Begins 207-Unit Development in Dallas
Wood Partners secures a development site for a Dallas community; and Meridian Capital negotiates $75.1 million for properties in Manhattan, Brooklyn, Queens, Westchester County and Long Island, N.Y.
Today's Deals: Tikijian Sells 753-Unit Asset in Indianapolis
Tikijian arranges the sale of a 753-unit community; Distressed Asset Acquisition Group unveils a new fund; and Alliant Capital provides a $1.1 million refinance mortgage.
Today's Deals: 9-Unit Manhattan Condo Hits Market for $22.8M
A newly constructed Manhattan luxury condo hits the market; Centerline Capital Group provides financing for two Chicago properties; and Alliant refinances a 20-unit property for $1.88M and 4.74 percent interest rate.