Regions
San Jose Prices Out Many Residents
The metro’s lack of housing affordability continues to hinder population growth, as Silicon Valley’s multifamily market commands some of the highest rents in the nation, while the area’s median home price is approaching the $1 million mark.
LA-Area Community Sells for $79M
The Korda Group acquired the 288-unit Trails at San Dimas from Stockbridge Capital Group and CNS Focused Investment.
WNC Closes $150M LIHTC Fund
WNC Institutional Tax Credit Fund 45 LP will be used to develop and renovate 26 affordable housing communities in 12 states.
Capital One Furnishes $178M Loan for SF-Area Property
Anton Menlo includes 394 units, 37 of which are affordable. Additionally, the community offers a pool, a rooftop lounge and yoga studios.
Apartment Market Has Bright Future at 2018’s Midpoint
While the market has softened slightly, there is still ample reason to believe the industry will continue to experience healthy operating fundamentals throughout the rest of 2018 and beyond. Here are four reasons why.
On the Market: 5 Interesting Listings for the Week of 8/20
This week’s listings include a recently completed community in a booming area of the Las Vegas metro and a Manhattan property that has not been on the market in more than 60 years.
Vitus Enters CO Market
In a collaboration with the Colorado Coalition of the Homeless, the affordable housing developer acquired Renaissance 88, a 180-unit property that the company plans to renovate.
HFF Arranges Construction Loan for Denver Senior Housing
Upon completion in 2019, the Class A community will offer 94 assisted-living and 32 memory-care units.
Capitol Seniors Housing Opens Luxury NJ Community
Arbor Terrace is a $25 million assisted living and memory care project in Mountainside, which Meyer Senior Living Studio designed.
Rent Growth Rebounds in San Francisco
The metro’s average multifamily rent went up 2.7 percent year-over-year through June, to $2,645, while housing affordability dropped to its lowest level since 2008.