Regions
Michigan Awards LIHTC for 536 Affordable Units
The state selected five projects in Detroit for the federal tax credits, which will support the construction of 235 new units and preserve the affordability of 318 existing units.
Roxborough Group, SB Real Estate Expand in West Phoenix
The rebranded community is situated near the upcoming $1.7 billion extension of Loop 202. The new owners plan to fully renovate the property.
Harbor East, Bozzuto Group Open Luxury High-Rise on Baltimore Waterfront
Dubbed Liberty Harbor East, the 22-story community is situated on the site of a former Bethlehem Steel shipyard.
Greystar Breaks Ground on First-Ever Portland Project
The multifamily giant is building its first ground-up development, a 182-unit rental community in the Goose Hollow neighborhood of the city.
Monument Capital Management Expands Chicago-Area Portfolio
The company purchased Townhomes at Highcrest in Woodbridge as part of Monument Opportunity Fund IV and is planning capital improvements for all the buildings.
Olympus Property Expands in Salt Lake City
The company acquired a Class A, garden-style property in the Salt Lake City suburb of South Jordan, from Woodbury Corp. Built in 2012, the asset consists of townhomes with attached garages.
Affordable Housing Services 2.0: Health & Wellness Programs
Avanath Capital Management’s Alicia Bramble and Ada Arevalo talk about how the shift toward lifestyle services and away from physical amenities is impacting the affordable housing market in the Washington, D.C., area.
Twin Cities Multifamily Report – Summer 2019
Multifamily rents in Minneapolis–St. Paul increased 3.1 percent year-over-year through May, 60 basis points above the U.S. average and slightly higher than other Midwestern markets.
NYC Moves Forward on $260M Harlem Project
Empire State Development approved a modified plan along with $4.5 million in grants for the redevelopment project, which will include more than 170 affordable and supportive housing units.
DC Rental Property Commands $37M
Montgomery Housing Partnership acquired the 394-unit affordable housing community in a transaction facilitated by Greysteel.