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Ridge Capital, Andell JV Snags Sacramento Community

The Class B property traded for $22.4 million and is located in a submarket with a 13.7 percent year-over-year rent increase, almost seven times the national rate.

Market Rate

Luxury Apartments Target Silicon Valley Workforce

CityView and Greystar are developing Elan Menlo Park, a 146-unit community within six garden-style buildings in Menlo Park, Calif.

Luxury

Economy Watch: Architecture Billings Start Summer Off Strong

June marks the fifth consecutive month of design revenue growth for architecture firms, according to the American Institute of Architects' latest Architecture Billings index.

News

Regions

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Waypoint Converts FL Student Housing to Apartments

Renovations of the 288-unit asset will reconfigure existing floorplans to meet the need for affordable housing in Tallahassee.
Jacksonville 20 July 2017 15:35
J.P. Morgan Buys $127M Denver Asset

Forum Real Estate Group sold the 300-unit community through HFF. The high-end property is located near the Denver Tech Center.
Denver 20 July 2017 11:29
CGI Strategies Sells Atlanta Mixed-Use

City Walk, which includes a multifamily and a retail component, was acquired by two buyers. FPA Multifamily bought the residential section and a joint venture purchased the retail.
Atlanta 20 July 2017 10:52
Top 10 Largest DC Communities Under Development

The city's multifamily market is experiencing strong fundamentals, including robust employment, healthy population gains and record-breaking rental rates, per-unit prices and median home values.
Washington Dc 20 July 2017 08:59
Solid Fundamentals, Positive Momentum in Atlanta

The city has become an economic powerhouse in recent years. It is currently one of the fastest-growing metro areas in the nation.
Atlanta 20 July 2017 08:23
Tikijian Secures $37M Indianapolis Community

The company represented The RADCO Cos. in the sale of 455-unit Indianapolis asset. The new company changed its name to Ashford at Keystone and plans to renovate unit interiors.
Indianapolis 20 July 2017 06:43
7 Q&As About Student Housing P3s

Illustrated by a slideshow, EdR CEO Randy Churchey's explanation details how his student housing REIT leverages public-private partnerships with universities seeking to expand accommodations and control costs.
National 19 July 2017 19:25