Regions
Demand Fuels Growth in Chicago
Multifamily rents are increasing at the fastest pace since November 2016, reaching 1.8 percent year-over-year as of June.
Affordable CA Asset Trades for $30M
Marcus & Millichap facilitated the sale of Grandon Village, a 161-unit community in San Marcos. The age-restricted property was fully occupied upon closing.
IPA Arranges $21M Sale of CT Community
Westwood Apartments is the largest market-rate asset in West Hartford, comprising 200 units and offering residents access to a fitness center, a clubhouse and a swimming pool.
Jones Street Investment Partners Lands CT Property for $137M
Town Walk at Hamden Hills includes 764 units,108 carports and 25 storage units. The community features a playground, barbecue areas and an indoor basketball court.
Sustainability and Profitability: How to Make a Positive Impact
While the elusive task of achieving sustainability in an existing property may seem daunting, there are steps owners and managers can take to make an impact while keeping costs low, resident retention high and the bottom line healthy.
Greystone Arranges $69M for MD Property
Brokers Dan Sacks and Eric Rosenstock of the company’s New York CIty office originated the Fannie Mae DUS loan for the purchase of a 486-unit community in Lanham.
San Jose Prices Out Many Residents
The metro’s lack of housing affordability continues to hinder population growth, as Silicon Valley’s multifamily market commands some of the highest rents in the nation, while the area’s median home price is approaching the $1 million mark.
LA-Area Community Sells for $79M
The Korda Group acquired the 288-unit Trails at San Dimas from Stockbridge Capital Group and CNS Focused Investment.
WNC Closes $150M LIHTC Fund
WNC Institutional Tax Credit Fund 45 LP will be used to develop and renovate 26 affordable housing communities in 12 states.
Capital One Furnishes $178M Loan for SF-Area Property
Anton Menlo includes 394 units, 37 of which are affordable. Additionally, the community offers a pool, a rooftop lounge and yoga studios.