Regions
Freddie Mac Rolls Out Latest $1B K Certificate Offering
McLean, Va.–K Certificates are multifamily mortgage-backed securities.
The Lex Wins Paragon Award for Best Student Housing Community
Lexington, Ky.–The Lex is located at 521 South Broadway and is owned and operated by Buckingham Cos. of Indianapolis.
DEAL OF THE DAY: Mixed-Use Property Purchased at 7.2% Cap
Portland, Ore.–An investor has purchased the Box & One, two mixed-use buildings at 2724-2728 SE Ankeny, in Portland, Ore., for $1.7 million.
RealPage Executives Named in Broadband Properties MDU Technology Leaders Listing
Carrollton, Texas–The Broadband Properties MDU Hall of Fame recognized three RealPage Inc. executives for their contributions to multifamily broadband services. Steve Winn, RealPage chairman and CEO, and Henry Pye, vice president of Velocity Advisory Services, are named as Top 25 Leaders, and Keith Dunkin, vice president of YieldStar & MPF Research, was recognized as one of 10 Rising Stars. The MDU Hall of Fame, a distinction bestowed every four years, is a list of people in the multi-dwelling unit (MDU) industry and its suppliers who led, or provided input to, forward-looking management and technology teams. Scott DeGarmo, president and CEO,…
New Affordable Seniors Housing Complex Opens in Las Vegas
Las Vegas–McKnight Senior Village II is restricted to residents 55 years and over.
Downtown Chicago Apartment Fundamentals Strengthen
Chicago-Apartment fundamentals in downtown Chicago will probably strengthen in the near future.
Mixed-Use Tower, Containing 198 Luxury Apartments, Opens in Chicago
Chicago–Flair Tower is located at 222 W. Erie St. in the large arts district of River North in Chicago.
DEAL OF THE DAY: ARA Finds 1.01-Acre Site in Houston for Pelican Builders
Houston–Atlanta-headquartered Apartment Realty Advisors (ARA) brokered the sale of a 1.01 acre land site located in Houston.
Townhome Community Sees Increase in Prices, Sales in 2010
Barnegat, N.J.–Whispering Hills, an 85-acre multifamily community in Barnegat, N.J., is now 45 percent sold.
MARKET SNAPSHOT: Rental and Occupancy Increases Expected for the Queen City
Charlotte, N.C.—While vacancies in Charlotte, N.C. apartments hit an all-time high of 13.6 percent in March 2010, communities have seen an increase in traffic over the last 60 to 90 days.