National
TODAY’S DEALS: Crow Holdings Purchases 280-Unit Luxury Mixed-Use Community
Embrey Partners sells a San Antonio mixed-use community to Crow Holdings; Phoenix Realty partnership acquires a 372-unit property in N.J.; and DBBM provides a $19.9 million refinance for a community in Washington, D.C.
TODAY’S DEALS: Senior Housing Properties Trust Agrees to $478M Purchase
Senior Housing Properties Trust announces a $478 million purchase; Boston Capital invests in an affordable development in Virginia; and Essex Realty Group brokers the sale of a walk-up building for $1.1 million.
Multi-Housing Projects Could Mean Green Card for Investors
A standard multi-housing development may or may not help an investor stay in the United States, if only a few jobs are created.
Could the FHFA’s Possible Lawsuit Against U.S. Banks Affect the Multi-Housing Industry?
The FHFA, the federal agency that oversees Fannie Mae and Freddie Mac, is looking to file a lawsuit against more than a dozen big U.S. banks. The suit will accuse the banks of misrepresenting the quality of mortgage securities they sold before the housing crisis.
Multifamily and Commercial Real Estate: Tale of Two Sectors
The multifamily sector of the real estate industry is experiencing a recovery, and is poised to register increases in average rents. However, commercial real estate vacancy rates are flat, and lackluster economic growth is likely to keep growth modest.
TODAY’S DEALS: UDR Completes $325M Purchase
The Moinian Group closes the sale of 95 Wall to UDR Inc.; Carrfour buys an affordable housing community in Miami; and NAI Tampa Bay closes multifamily development sites.
Multifamily High-Rises Now Eligible for Energy Star
Washington, D.C.–When it comes to the U.S. Environmental Protection Agency’s Energy Star, a highly coveted green stamp of approval, multifamily high-rises are now on equal footing with low-rise multifamily structures and single-family homes.
TODAY’S DEALS: Karlin Real Estate Purchases 304-Unit Community in Orlando
Karlin Real Estate buys a 304-unit community in Orlando; Marcus & Millichap brokers the sale of a nine-unit property for $3.4 million; and Chozick completes a $4.4 million sale of an 1970s apartment.
TODAY’S DEALS: MAA Acquires 240-Unit Community in Alabama
MAA acquires a 240-unit upscale community in Alabama; Marcus & Millichap brokers the sale of a 30-unit community in Seattle; and Red provides $6.79M Fannie Mae loan for student housing.
Avoid a Multifamily Meltdown
Now more than ever, natural disasters have become the harsh reality for multifamily owners and operators throughout the country.