Regions
Portland Multifamily Report – Spring 2020
After a healthy first quarter, the market is slated for a slowdown as the health crisis plays out.
UDR Sells Seattle-Area Asset for $50M
Berkadia provided the new owner with a $30.5 million Freddie Mac acquisition loan.
Suburban Minneapolis Apartments Get $21M HUD Refi
Part of the financing will cover capital improvements to Oak Park Village’s 100 fully affordable units.
Los Angeles Community Trades for $20M
The 96-unit property sold to a private investor. KW Commercial brokered the deal.
CBRE Closes Northwest Los Angeles Multifamily Sale
First Vice President Melinda Russell represented both the buyer and seller in the trade of the 20-unit Studio City property.
Greenlight Communities Completes 2 Phoenix Attainable Housing Properties
The developer financed the 478 units’ construction with two loans totaling more than $51 million.
May Rent Payments Hit 91 Percent
NMHC released the latest figures as businesses begin to reopen in many states and jobless claims over the past nine weeks exceed 38 million.
Pennrose Moves Forward with 2 Ohio Projects
The Ohio Housing Finance Agency has provided housing tax credits to develop affordable housing in Cincinnati and Cleveland.
Oakmont Properties Buys Denver-Area Community for $90M
CBRE represented both parties in the sale of Fusion 355 in Broomfield, Colo.
NRP Group Breaks Ground on Boston-Area Community
CIBC secured construction financing for the 184-unit property, which is scheduled for completion by 2021.