Regions
Fairfield Residential Trades NorCal Apartments
The company sold the 168-unit Class B community for more than $47 million three years after acquiring the asset from Interstate Equities Corp.
McKenzie Brings New Units to WI Community
The development company has completed 60 units of Timber Valley Apartments, located in Madison, Wis., approximately 8 miles from the city’s downtown.
Financing Reaches New Level: Super-Competitive
Terra Capital Partners COO Dan Cooperman discussed the company’s strategy as the cycle matures and identified the deal structures that are causing concern.
How the Government Shutdown Impacts Multifamily
With HUD and other agencies currently disabled, residents and private sponsors of government-assisted housing are feeling the fallout from the stalemate over border security.
Phoenix-Area Affordable Property Changes Hands
Atlantic Development & Investment sold the 184-unit asset in a 1031 exchange for nearly $23 million. The Canadian Imperial Bank of Commerce provided acquisition financing.
Nashville Luxury Project Gets $93M Refi
Lifestyle Communities started work on the 411-unit asset in 2016, and the company plans to open the property early this year.
Pittsburgh STEM Growth Drives Rental Market
A diverse and balanced economy has begun to slow the region’s population decline, underpinning multifamily demand. An increasing number of young professionals have begun to call Pittsburgh their home.
RED Capital Group Expands in LA-Area
RED Mortgage Capital, a division of ORIX Real Estate Capital, opened a new Los Angeles office, three months after expanding into San Francisco.
$190M Secured for LA-Area Luxury Community
JPI will use the financing to develop a 480-unit Class A property situated within Vista Canyon, a 185-acre mixed-use master-planned development in Santa Clarita.
Luxury Community Changes Hands in KC
Union Berkley Riverfront Park includes 407 units and 12,400 square feet of retail space. Flaherty & Collins Properties broke ground on the project in 2016 and completed it in 2018.