Regions
CAPREIT Sells Affordable Active-Adult Asset in Metro DC
The buyer selected ROSS Cos. to oversee property management operations and a capital improvement project at the active adult community.
Suburban LA Community Changes Ownership
Universe Holdings has acquired a 15-unit property in Inglewood, Calif., their ninth in this Los Angeles submarket.
Income Property Organization Brokers Columbus Sale
Paul McHugh of IPO facilitated the transaction, which involved a $2.7 million acquisition loan held by Perpetual Federal Savings Bank.
Albuquerque Hotel Set for Multifamily Conversion
The owner of the former Wyndham Albuquerque Hotel and Conference Center will complete the first phase of the 130-unit project by the end of the year.
MassHousing Provides $14M Renovation Loan for Boston Community
Boston Housing Authority selected Beacon Communities to oversee the rehabilitation and preservation of Camden Apartments, a 72-unit affordable property.
Multifamily Orange County Report – Winter 2019
Demand for apartments is solid, sustained by steady employment and population gains. Bolstered by its highly educated workforce, the metro accounted for 24 percent of Southern California’s GDP in 2017.
Fannie Mae Boosts Small Loan Limit for Multifamily Market
By upping small loan limits nationwide, the GSE aims to expand market liquidity and the nation’s affordable housing supply.
Kairoi Residential Completes 277-Unit Community in Denver
Located in the River North neighborhood, Edison at Rino was the first structure in the city to be built with prefabrication techniques developed by Prescient.
NorCal Apartments Change Hands
Burbank Housing Development purchased the 56-unit Class C community for $15 million. Two lenders facilitated the transaction with acquisition and development financing.
Hamilton Point Investments Sells OH Asset
The Enclave at Albany Park in Westerville commanded nearly $15 million. The new owner assumed the outstanding balance of a Fannie Mae loan attached to the property.