National
DEAL OF THE DAY: Harrison Street Real Estate Capital Sells Three Student Housing Communities in Partner’s IPO
Chicago–Harrison Street Real Estate Capital LLC, a real estate private equity firm based in Chicago, has announced the disposition of HSRE’s entire interest in three student housing communities, totaling a combined 528 units and 1,488 beds, in connection with the initial public offering of Campus Crest Communities Inc.
Multifamily Development Will See Uptick
Washington, D.C.–NAR has reported that pending home sales dropped in September compared with the previous month, suggesting that the road to higher sales for condos will be a bumpy one.
MHN Interview with Bill Killmer: Election’s Impact on Multifamily
Bill Killmer, senior vice president of legislative and political affairs at the Mortgage Bankers Association, talks to MHN about the impact of the election results on the multifamily industry.
MHN Interview with Galina Tachieva: Add Multi-Housing to Malfunctioning Suburbs
Incorporate multifamily housing into the fabric of malfunctioning suburbs–or the Boomers and Echo Boomers will move out, says Galina Tachieva, partner and director of town planning at Duany Plater-Zyberk & Company (DPZ). Tachieva decribes the ways in which the burden rests on multifamily developers to play a leading role this century in reclaiming the sprawl-marred suburbs.
Post-Midterm Election Breakdown; Impact on MF Industry Will Likely Be Minimal
New York–As to how election results affect multifamily, it is of course early to be making predictions, but insiders anticipate that effects to the industry will be minimal.
Web Feature: Where and Why Are Prospects Looking for Apartments?
New York–A big factor in the success of a multifamily management or owning company is figuring out the answer to a basic question: where and why prospects are shopping for apartments.
Seniors Housing Occupancy Rates and Other Indicators Hold Steady in Third Quarter
Annapolis, Md.–According to the National Investment Center for the Seniors Housing & Care Industry’s third quarter NIC MAP, the occupancy rate, as well as rent growth and new construction activity, did not diverge much from second quarter figures, but that may very well mean that the sector has hit bottom.
‘Foong on Finance’: A Wave of Distressed Properties
Special servicers are so inundated with defaulted loans that often they can barely return borrowers’ calls. But if you think there are a lot of loans defaulting currently, this is not even the peak year of CMBS loan maturities.
MHN Interview with Bruce Barfield: Good Operators Have Effective Renewal Strategies
Barfield talks to MHN about the top property management trends and challenges he is witnessing.
‘Foong on Finance’: Historic Preservation Awards
The National Housing & Rehabilitation Association (NHRA) in association with the National Trust Community Investment Corp. has honored eight historic buildings in its annual awards ceremony.