Regions
Chicago Multifamily Report – Summer 2021
As far as gateway markets go, the Windy City fared relatively well going into the second quarter.
Las Vegas Property Changes Hands for $41M
TruAmerica Multifamily sold the 170-unit community previously known as The Willows at Spring Valley Ranch.
Seattle-Area Apartments Command $170M
Su Development sold the newly delivered luxury asset in the metro’s largest multifamily deal since January.
New Frontier Buys Chicago-Area Senior Living Asset
The 120-unit affordable community known as Riverwalk commanded close to $9 million.
Tower 16 Sells Phoenix Community for $30M
The buyer will continue capital improvements at the 214-unit asset, following nearly $2 million invested under the previous owner.
Multifamily Marketing’s New Hot Tool: TikTok
Are you on TikTok? Here’s how this exceptionally popular app can boost your online presence among younger generations of renters.
Las Vegas Community Trades for $24M
The deal marks the first time in three decades the 116-unit asset has changed hands.
Grosvenor Americas JV Raises $300M Investment Vehicle
The capital will be used to fund residential and mixed-use projects in Washington, D.C., California and Vancouver.
Kennedy Wilson Buys Albuquerque Apartments
The firm plans to invest $7 million in upgrades to the 344-unit property.
Sares Regis Pays $96M for San Diego Asset
Part of the acquisition loan will go toward upgrading the downtown property.