Regions
Balfour Beatty Communities Awarded DOE Grant for Residential Energy Savings Program
Balfour Beatty Communities LLC has been selected for a Smart Grid Data Access Award from the Department of Energy through its property management division, Balfour Beatty Military Housing Management LLC.
Amenities Geared Towards Seniors Take Center Stage at New Affordable Community
Heritage Oaks Senior Apartments, an Oakdale, Calif.-based seniors community, recently opened for low income seniors age 55 and older.
TODAY’S DEALS: IPA Arranges $21.7M Connecticut Sale
IPA arranges a 188-unit sale; and Beech Street Capital closes a $25 million Fannie Mae loan for a Philadelphia community.
New York-Based Residential Real Estate Franchise Operation Heads into New Markets
Rapid Realty NYC is currently scouting out locations for new franchises in Boston, Philadelphia, Atlanta and Tampa, Fl., as well as other markets across the country.
Minn. Affordable Rental Community Garners LEED Silver Certification
Cascade Creek Apartments, a mixed-use development offering 40 affordable housing units, has been awarded LEED Silver Certification by the U.S. Green Building Council.
Apartment Specialist McKinley Expands into Student Housing
McKinley, an owner and manager of about 33,000 apartment units, is expanding into student housing.
Mortgage Applications Decrease Driven by a Drop in Refinances in Latest MBA Weekly Survey
Mortgage applications decreased 6.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 29, 2012.
Home Properties Acquires Baltimore-Area Apartment Asset for $186M
Home Properties paid cash for the 1,350-unit apartment property, or about $138,000 per unit, and it estimates that the first-year cap rate will be 5.9 percent.
TODAY’S DEALS: Campus Crest Completes the Purchase of Two JV Properties
Campus Crest Communities acquires a full interest in two joint venture properties; Marcus & Millichap lists a luxury rental in Valdosta, Ga.; and George Smith Partners arranges $15.2 million in debt and equity financing for a Denver high-rise.
Joint Venture Buys Alexandria Residential Portfolio for $125.5M
By Adrian Maties, Associate Editor The Praedium Group, a privately held real estate investment firm based in New York, has formed a joint venture with The Milestone Group, a Dallas-based multifamily real estate investment and management company, to buy the Alexandria Portfolio, a 556-unit multifamily portfolio in Alexandria, Va. The unknown seller was represented by […]