Regions
Ventas to Acquire $1.8B Canadian Senior Housing Portfolio
In a partnership with Le Groupe Maurice, the company has signed an agreement to acquire 28 communities totaling nearly 8,000 units across the province of Quebec.
Glendale Apartment Portfolio Commands $79M
Raintree Partners has purchased seven multifamily properties and added 231 units to its growing portfolio of smaller multifamily properties in urban California locations.
Leviton Smart Load Center Lets Users Trip Circuits from Afar
The new product comes with high-tech features that give residents and property owners unheard-of monitoring and control of the home electrical system.
NHI Venture Buys Senior Housing Portfolio for $128M
The REIT has teamed up with affiliates of its existing tenant, Discovery Senior Living, to acquire six communities across three states, totaling nearly 600 units of independent and assisted living and memory care facilities.
AvalonBay Starts Development of Mixed-Use Project in New York
Avalon Harrison, located next to a commuter railroad station in Harrison, N.Y., will have 143 luxury rental units and 27,300 square feet of retail along with new parking and public plazas.
More Americans Struggle with Rent as Land Prices Skyrocket
A new report by Berkadia finds that the proportion of rent-burdened households rose 9 percent from 1997 to 2017, as the nation’s housing woes spread out from the big cities.
Columbus Multifamily Report – Spring 2019
Despite a tightening labor market, the metro’s multifamily sector continues to perform well, with 2.9 percent year-over-year rent growth, slightly below the U.S. average as of March.
Phoenix-Area Community Trades for $34M
Virtú Investments sold La Costa at Dobson Ranch, a 194-unit community in Mesa, Ariz. The new owner financed the acquisition through a $22.2 million Freddie Mac loan.
Luxury High-Rise Opens in Chicago
The 500-unit community in South Loop received a Certificate of Occupancy for the first 25 floors. The interior finishing work for the remaining apartments is slated for completion in August.
TLC Management Acquires Chicago-Area Apartments
HFF marketed Prairie Winds, a townhome-style community in St. Charles, Ill., on behalf of the seller. The property was completed last year.