News

Pacifica Refinances 9 Senior Housing Properties for $78M

Capital One provided the loan for the portfolio, which includes properties in Arizona, California, Florida, Oregon and Utah. The mortgage consists of $67.7 million in initial funding.

Senior Housing

Nelson Brothers Acquires 184-Bed Student Housing

The company plans to convert 39 three-bedroom units into four-bedroom units. The community is in close proximity to multiple Pullman Transit bus routes, including an express route to the Washington State University campus.

Student Housing

Alamo Heights Community Changes Hands for $37M

The new owners intend to rebrand the property and invest in extensive renovations that will include both interior and exterior upgrades.

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Regions

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Omni Breaks Ground on $68M Affordable Bronx Community

The 15-story Morris II Apartments will comprise 154 units with a 4,000-square-foot ground-floor community space, and 30 percent of the units will be permanently affordable.
New York 28 July 2017 16:29
Bellwether Secures $75M Refi for Luxury Inland Empire Asset

The company arranged a $59 million permanent loan and a $16 million mezzanine loan for a 298-unit community asset in Ontario, Calif.
Inland Empire 28 July 2017 14:06
Avanath Acquires Denver Fully-Affordable Asset

Represented by ARA Newmark, the company purchased the affordable community for $13.6 million and plans to implement light capital improvements and improve operational efficiencies to drive value.
Denver 28 July 2017 13:55
FM Capital Acquires Campus Evolution Villages

Located near Georgia Southern University in Statesboro, the 528-bed student housing community is slated for rebranding and enhanced amenities.
South 28 July 2017 13:15
Economy Watch: Apartment Supply Not Keeping Up with Demand in Most Markets

Out of the nation's 50 largest metros, only 10 have enough new housing supply to keep pace with job growth, according to a new report from Apartment List, indicating that a lack of new construction is contributing to the affordability crisis in many parts of the country.
National 28 July 2017 13:04
Windermere Real Estate Hires COO

Brooks Burton previously served as executive vice president & COO of HER Realtors and Trident Holdings. He will work at the company’s Seattle office.
Seattle 28 July 2017 09:56
Steady Growth Cultivates Building Boom in Columbus

The multifamily market is expanding in the area, which has been an economic standout in Ohio and the Midwest. The metro’s tight labor market is lifting average wages, attracting more residents and bolstering demand for apartments.
Columbus 28 July 2017 08:30