Regions
Retirees Set to Outnumber Children
According to the U.S. Census Bureau’s projection, the population will grow by an annual average of 2.3 million people until 2030, with Baby Boomers tilting the charts.
CAPREIT Sells 112-Unit Minneapolis Community
Built in 2005, the 112-unit Minneapolis Grand comprises two four-story buildings featuring a club room, a fitness center and 130 parking spaces.
Socal Asset Sells for $75M
The Bascom Group bought the 235-unit, Class A property, and CBRE secured debt financing for the acquisition.
LA Community Trades for $9M
Matthews Real Estate Investment Services brokered the sale of a 56-unit Van Nuys community. The sale price equates to $272.8 per square foot.
RRA Sells 6 in Temple University Area
Temple University contributed to the area’s recent revitalization and proved to be a good driver for the surrounding real estate market.
JV Grabs Denver Community for $66M
Constructed in 1977, the 418-unit multifamily property in the city’s Arapahoe-Southwest submarket features a mix of studio, one- and two-bedroom apartments.
VA Student Community Selects New Management
Chain Bridge Capital recently purchased the 816-bed, 228-unit property located approximately two miles northeast of James Madison University’s campus.
Quantum Capital Arranges $25M for LA Student Housing
City Park Apartments is near the University of Southern California and features 130 units and a subterranean parking garage.
CIM Grabs NorCal Development Site
The firm, in a joint venture with Strada, plans to build a 16-story community containing nearly 300 units in Oakland’s central business district.
PA Community Receives $9M Freddie Mac Loan
The borrower used the current loan to pay off debt service and prepayment penalty, while also recovering trapped equity, which will be reinvested into the apartment community.