Regions
Economy Watch: Multifamily Rent Growth Slows
Trulia reported that as newly constructed multifamily buildings are completed, the pace of rent gains fell at the national level for the first time since the price recovery began last spring.
Colorado Rental Community Gets Cash-Out Refinance
Kipling Village LLC has gained $12.2 million in the cash-out refinance of Kipling Village Apartments, the result of efforts on its behalf by commercial real estate investment banking firm George Smith Partners.
TODAY’S DEALS: Brandywine, Campus Crest and HSRE Partner on $158.5M Project
A joint venture announces a student housing tower in Philadelphia; HFF lands $72 million for a Hoboken refinancing; and Centerline provides $43.1 million in acquisition financing for a Houston asset.
Economy Watch: Home Prices See Annual Spike of 8.3 Percent
CoreLogic reported that home prices nationwide, including distressed sales, increased year-over-year by 8.3 percent in December 2012.
West Virginia Seniors Housing to be Rehabilitated
Two West Virginia seniors housing properties have obtained redevelopment financing from Boston Capital. The residential complexes, which total 55 units, will be rehabilitated with an unspecified amount of tax credit equity through the Low Income Housing Tax Credit program.
KTGY Designs Award-Winning $10M Seniors Community
Heritage Oaks Senior Apartments, a seniors community in Oakdale, Calif., has recently opened. The $10 million community is environmentally friendly and has earned LEED Platinum certification.
Yardi Introduces New Enhancements to Yardi Resident Screening
Yardi announced today that it has completed several enhancements to Yardi Resident Screening™ designed to help clients operate more efficiently, manage risk better, comply with screening regulations and improve net operating income.
Freddie Mac Names Top Multifamily Lenders of 2012
Freddie Mac announced its highest-producing multifamily mortgage sellers of 2012. These are the lenders who transacted the most financing volume with Freddie Mac.
Mill Creek Residential Trust to Develop 235 Units in Glendale
MCREF Verdugo LLC, a joint venture sponsored by Mill Creek Residential Trust LLC, has purchased a 67,518-square-foot land parcel in Glendale, Calif., to develop 235 apartment units.
TODAY’S DEALS: Steadfast Buys San Antonio-Area Asset for $34.6M
Steadfast Income REIT closes a 288-unit buy; Kislak Company brokers two sales in Pensacola, Fla.; and UC Funding provides a $4 million investment to facilitate a recapitalization in Florida.