News

Economy Watch: Cost of Rent a Challenge Across Generations

Of the Millennials and Baby Boomers who rent, 46.5 percent and 49 percent, respectively, spend more than 30 percent of their income on housing costs, according to a new report by ABODO.

News

Maplewood Debuts Cape Cod Assisted Living, Memory Care Community

The 75-unit property is part of the Maplewood at Mayflower Place campus, a full-service continuing care retirement community in West Yarmouth, Mass.

Slideshow

ClearWorth Capital Deepens Houston Footprint With Portfolio Buy

The company acquired two communities, totaling 549 units, in the Clear Lake submarket and plans to renovate both properties extensively.

Slideshow

Regions

Change City

New Supportive, Affordable Housing Coming to Brooklyn

Comunilife and NYC Health + Hospitals broke ground on a $28 million, 89-unit community that will provide housing to low-income residents and individuals with behavioral health issues.
New York 22 August 2017 13:57
Green Bridge Closes Bulk Cleveland Apartment Sale

Investment Group purchased the assets for $2.9 million. The 90-unit portfolio will undergo a renovation process, estimated to cost between $100,000 and $300,000.
Cleveland 21 August 2017 20:26
For Residents, Does Location Really Matter?

Does the old saying "Location, location, location" really matter to today's renters? MHN and Kingsley Associates paired up to find out what residents think about their apartment's neighborhood.
National 21 August 2017 18:27
29SC Acquires 6th Chicago Community

The asset, Wooded Isle Apartments, is located in Hyde Park, only eight miles from downtown. The community offers 75 studio, one- and two-bedroom units.
Chicago 21 August 2017 18:21
Inland Empire Asset Trades in 1031 Exchange

Providence Capital Group placed a non-contingent offer for the 140-unit community in Hemet, Calif., which traded for $15.5 million. Marcus & Millichap represented the seller and procured the buyer.
Inland Empire 21 August 2017 17:59
Greysteel Brokers Sale of DC Regenesis Portfolio

The five affordable properties include 482 units. Greysteel President & CEO Ari Firoozabadi, Managing Director Kyle Tangney and Senior Investment Associate Alicia Orkisz arranged the transaction.
Washington Dc 21 August 2017 17:46
Habitat Lands, Assumes Management of Chicago Asset

The multifamily developer and property manager purchased and assumed property management of Eastwood Garden, an affordable community in the Englewood neighborhood. The company will manage two other properties in the Chicago area.
Chicago 21 August 2017 17:40