Regions
Baltimore Affordable Community Reopens After $27M Rehab
Enterprise Homes, HUD and other stakeholders teamed up on an extensive makeover of The Allendale, a 164-unit West Baltimore property serving seniors and disabled adults.
Greystone Trades SD Affordable Housing Community
The company closed on the sale of Brentwood Apartments in Sioux Falls. The asset is a LIHTC property built in 1973 and renovated in 2002.
Monument Capital Management Nabs Tucson Community
The newly acquired asset will add 272 units to the company’s portfolio. The new owner is planning to implement value-add improvements.
Habitat Assumes Management of Chicago Communities
The properties include Reserve at Evanston, a four-story building with 193 residences, and 640 North Wells, a new 250-unit rental tower in Chicago’s River North neighborhood.
Berkadia Closes Largest San Diego Apartment Transaction
American Assets Trust acquired Pacific Ridge, a $232 million luxury community that includes 533 units and is 95 percent occupied.
Nebraska Community Trades for $10M
Marcus & Millichap facilitated the disposition of Continental Gardens, a 150-unit property in the center of Grand Island’s major retail and business corridor.
San Francisco’s Top 10 Apartment Owners
Based on Yardi Matrix data, the list includes properties in all stages of development at a time when apartment construction in the city is at a 75-year high.
QuadReal Invests $600M in Student Housing JV
QuadReal invested $600 million of equity into a partnership with CA Student Living (CASL) and GI Partners. The joint venture’s initial portfolio includes 10 geographically diversified properties, developed and managed by CASL, in 10 major university markets across nine states.
Hines, McCaffery Break Ground in Chicago
A new mixed-use building anchoring the Lincoln Park neighborhood is set to rise on the former Children’s Memorial Hospital site.
Pennrose Hires Veteran as VP of Operations
Barry Weaver will provide leadership to regions in eastern Pennsylvania and New Jersey. He has more than 25 years of experience in multifamily property management.