Regions
Freddie Mac Was Targeting Opportunity Zones Before They Existed
The government-sponsored enterprise found that its financing activity in what are now designated as qualified opportunity zones grew more than 75 percent faster than in other areas since 2010.
New Jersey Project Scores $45M Construction Loan
Kushner Real Estate Group broke ground on the 200-unit luxury multifamily community in Bayonne last summer and expects to finish in the spring of 2020.
DC Development Gets $192M in Financing
A joint venture of MRP Realty and FRP Development Corp. is building Bryant Street, a 1,500-unit, mixed-use property in the northeast area of the city.
What You Should Know About Construction Lending
Jonathan Lee, a principal & managing director at George Smith Partners, sheds light on the opportunities and challenges of financing ground-up multifamily projects.
Rehab Complete on Affordable Sacramento-Area Property
Community Preservation Partners invested $35.6 million at Danbury Park Apartments, a 140-unit asset in Antelope, Calif. Ten percent of the community is now ADA compliant.
NJ Affordable Housing Portfolio Lands $60M Loan
RED Mortgage Capital has secured the financing for the acquisition of 18 multifamily properties in Union City through Freddie Mac’s Optigo Small Balance Loan program.
Peak Campus to Manage 182-Unit Kentucky Student Housing
The brand will grow its 50,000-bed nationwide portfolio by operating The Mark at Lexington, a 676-bed community serving students at the University of Kentucky.
Washington, DC, Multifamily Report – Spring 2019
Despite a boost in development, absorption has kept up pace and the occupancy rate in stabilized properties inched up 20 basis points year-over-year, to 95.3 percent.
The Outdoor Amenities Residents Love
Residents speak out on what they enjoy most in their communities and what they’d like to see added in the future.
The Biggest Bottleneck to Multifamily Supply: NIMBY-ism
A survey by the National Apartment Association found that local community resistance is seen as the top obstacle to new apartment construction. Big coastal cities are among the toughest places to build.