Regions
Multifamily Construction: A Good Time for Groundbreakers
After years of relatively few advances in construction technology, processes and systems, new industry challenges are shaping up to drive innovation in the space. NMHC Vice President Paula Cino weighs in on how the apartments of the future will be built.
Transactions: October 2018
The following is a list of transactions that were announced over the months of August and September, 2018.
Canyon Partners Provides $11M for CA Senior Housing
Griffin Plaza in Simi Valley will include 75 assisted living units and 26 memory care units, an arts and crafts room, a salon, and a juice bistro.
R.D. Olson Construction Completes Affordable Project in CA
In addition to the 37-unit Citrine Apartments, the company also finished building Hotel Trio, a 122-key property that is located adjacent to the community.
Habitat for Humanity NYC Opens For-Sale Units
Two years after breaking ground, the non-profit and its partners welcomed 15 low-income families into their new homes at Dean Street Residences in Brooklyn.
Morgan Properties Lands $91M Multifamily Portfolio
Constructed between 1969 and 1979, the four communities in and near Nashville, Tenn., total 826 units. The buyer took a nearly $75 million Fannie Mae loan to finance the acquisition.
Phoenix Asset Sells for $49M
Knightvest Acquisitions purchased Siena on Baseline Apartments from P.B. Bell Cos. The 352-unit community includes three pools, covered parking and a playground.
Champion Real Estate Secures 2 CA Communities
The company expanded its Tri-Cities holdings with its acquisition of a 36- and 26-unit property, both located in Glendale.
Greystar Brings European Platform to France
The company will open a Paris office, led by Directeur Général for France Hideki Kurata. His team will focus on building a portfolio to include both student and multifamily properties.
TSB Realty Secures Sale of MN Student Housing
The 772-bed Radius @ 15th serves students attending the University of Minnesota. Pinnacle Campus Living will manage the property.