Regions
On the Market: 5 Interesting Listings for the Week of 8/6
This week’s selection of listings includes a garden-style community in the Phoenix area, a recently renovated Seattle asset and more.
Staying Ahead of the Property Management Curve
Niall Byrne, president of Inland Investment Real Estate Services, discusses how managers can harness technology to retain residents and reveals the biggest opportunities in the business.
Kidder Mathews Brokers San Diego-Area 1031 Exchange
Multifamily investment brokers Jim Neil, Eric Comer and Merrick Matricardi represented the buyer in the transaction involving a 26-unit apartment building in Clairemont, Calif.
Solid Supply Impacts Occupancy in St. Louis
St. Louis continues to be one of the most affordable markets in the U.S. However, workforce housing is lacking and inventory expansion is placing pressure on occupancy.
Fundrise, RSE Capital Initiate $500M Opportunity Fund
The fund will enable the online purchase of shares in opportunity-zone projects. The initiative was possible after the new federal tax law introduced the Opportunity Zones program that provides tax incentives for long-term investment in designated areas.
LA Development Receives $22M Financing
George Smith Partners secured the loan for the development of a 51-unit workforce community located in the Koreatown district.
Goldman Sachs Snags 821-Unit Philadelphia Community
The purchase of Chestnut Hill Village marks the company’s 18th investment, bringing its total portfolio to 5,600 units. HFF worked on behalf of the new owner to arrange a 10-year, fixed-rate acquisition loan.
JV Acquires Massive San Diego-Area TOD
TruAmerica Multifamily and Intercontinental Real Estate Corp. secured Alterra & Pravada at Grossmont Station, a 527-unit property in La Mesa.
CIM Group Makes DC Mixed-Use Purchase
Trellis House is a newly constructed property in the city’s Shaw/U Street Corridor with 319 units and 11,000 square feet of ground-floor retail.
The Reasons Behind Skilled Nursing’s Occupancy Decrease
Bill Kauffman, senior principal at NIC, discusses the key findings of the organization’s latest report on the industry. He also touches on the new recipe for a successful business model in the sector.