Regions
Matthews Real Estate Adds Vice President of Multifamily
Robert Starrett will focus on growing the company’s presence throughout the Midwest. He previously served as the director of finance and acquisitions for The Mid-America Management Corp.
Morgan Stanley Provides $143M Refi for Bronx Portfolio
Black Bear Capital Partners arranged the loan package for a total of 18 properties.
Gelt Increases Denver-Area Presence with $145M Buy
JLL represented the buyer in its purchase of Kallisto at Bear Creek, located in Lakewood, Colo.
Hunt Capital Partners, Pennrose Expand Affordable Housing Project
The companies have secured $4.5 million in financing to build 55 senior living units as part of the second phase of the Residences at Glenarden Hills development in Lanham, Md.
Phoenix Asset Trades for $58M
PrivatePortfolio Group purchased the newly built Circa Central Avenue with acquisition financing originated by Nationwide Life Insurance Co.
Washington, D.C., Multifamily Report – Fall 2019
Multifamily rents in the metro have picked up since June 2019, after several years of below-trend growth caused a supply surplus.
Morgan Properties Buys Pittsburgh Apartments for $29M
CBRE Capital Markets provided more than $20 million in acquisition financing through Freddie Mac.
Cooper Street Capital Sells Albuquerque Community
The investor traded the 105-unit multifamily asset after less than 18 months of ownership. The property was almost fully occupied as of December.
CBRE: Multifamily Market Benefiting From Student Debt
A recent study found ongoing college debt levels are delaying home buying, resulting in young adults remaining in multifamily housing longer than previous generations.
Colliers Closes Colorado Springs Value-Add Sale
Bill Morkes and Craig Stack represented the seller of the 200-unit community.