Regions
Bridge Housing Gives Affordable Senior Community a Face-Lift
The company purchased the 100-unit community in 2015 with a view to make capital improvements which ended up totaling $34 million.
Ascend’s Niche 905 Unveiled in Chicago
The 18-story, 202-unit luxury tower featuring an array of lifestyle amenities is located on Near North Side.
Economy Watch: Multifamily Markets Softening
All four indexes of the NMHC’s quarterly survey were below the breakeven level of 50, indicating that U.S. apartment market conditions are softening despite continued strong demand. New supply is finally catching up, and there seems to be more caution among buyers and lenders, noted NMHC Chief Economist Mark Obrinsky.
Historic Brooklyn Building Up for Grabs
Greysteel’s Michael Stimler and Ari Azarbarzin will market the 10-unit 185 Prospect Park W. The property was constructed in 1920 and is located steps away from the 15th Street-Prospect Park subway station.
Now Open: 2017 Top Property Managers Survey
Don’t miss out on the chance to participate in the CPE-MHN 2017 Top Property Managers Survey! The resulting ranking of the firms with the best-managed portfolios will be featured in our special CPE-MHN July/August 2017 print issue and prominently featured on our sites.
NorCal 410-Unit Portfolio Trades for $52M
Berkadia brokered the sale and secured $38.9 million in financing for six apartment properties in Chico, Calif.
Enterprise Names New CFO
Sally Hebner has been working for the nonprofit organization for more than 10 years. Most recently, she served as senior vice president.
4-State, 2,515-Unit Portfolio Commands $430M
Blackstone acquired six properties in Texas, Florida, Kansas and Illinois from The Realty Associates Fund IX, part of TA Realty’s flagship fund series.
Positioning Your Property for Leasing Success
In order to be successful in closing, property managers and staff should plan ahead and try different ideas for marketing a property. Multifamily Insider’s Leasing Rescue webinar shed light on setting the stage for leasing success.
Modera Portfolio Lands $364M Refinancing
A CBRE Capital Markets team assisted the owner in securing the five-year loan. Morgan Stanley originated the financing measure for the acquisition.