Regions
Affordable Community Breaks Ground in Albuquerque
Nuevo Atrisco’s multifamily component of 88 units is scheduled for completion in the first half of 2020. The development also features 30,000 square feet of commercial space and a community center.
Albuquerque Housing Project Advances with Phase 2
The Highlands is a 12-acre master-planned development featuring eight components, including two residential communities, a Marriott SpringHill Suites Hotel and more than 40,000 square feet of retail and dining.
Western Wealth Capital Acquires Phoenix Community
HFF arranged a $21 million loan on behalf of the buyer to purchase Serafina at South Mountain Apartments, a 183-unit property that was 99 percent leased at the time of sale.
Fannie Mae: One-Third of Americans Can’t Find Affordable Housing Near Work
In a poll conducted by research firm Penn Schoen Berland for the government-sponsored enterprise, most Americans reported that they struggled to find affordable housing options in areas they desired.
OH Community Sells for $15M
Link Real Estate Group acquired the 432-unit property in Franklin County that last traded in 2010. Income Property Organization brokered the deal.
Senior Housing Affordability Crisis Looms
A new report by the National Investment Center for Seniors Housing & Care finds that 54 percent of middle-income elderly won’t be able to pay for assisted living and out-of-pocket medical costs by 2029.
Greystar Expands in NYC with $240M Buy
The company acquired a 266-unit community situated near retailers, restaurants, entertainment venues, job hubs and public transit nodes in Manhattan’s NoMad neighborhood.
Life Insurance Companies Expand Multifamily Debt Offerings
The stability of apartment assets prompts these institutional investors to develop new strategies as they travel cautiously up the yield curve.
Brooklyn Mixed-Use Tower Breaks Ground
A joint venture between Greenland Forest City Partners and The Brodsky Organization is developing 18 Sixth Avenue, an 859-unit mixed-income property within the Pacific Park community. Construction is slated to be complete in 2022.
NYC Chalks Up $15M Affordable Housing Preservation Deal
Stakeholders from the government, non-profit and private sectors worked together to buy three apartment buildings in Queens, which will be kept rent-stabilized under the Neighborhood Pillars Program.