National
TODAY’S DEALS: Kennedy Wilson Acquires Portland Asset for $29.5M
Kennedy Wilson buys a 198-unit community in Portland, Ore.; Red Capital Markets deploys a $6 million bond for an affordable development in Ohio; and NorthMarq Capital arranges a $14.3 million construction/mini perm loan.
MHN INTERVIEW: Former HUD Secretary Henry Cisneros on the Bipartisan Housing Commission
MHN talks with Henry Cisneros, a former HUD Secretary and current chairman of CityView, about the goals of the newly launched Housing Commission and his projections for the future of the industry.
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.