Regions
CA Senior Living to Expand WA Community
The renovated Quail Park of Lynnwood, which currently has 130 units, will include 252 units and enhanced assisted-living services.
Kennedy Wilson Sells $422M Portfolio
The six communities comprise a total of 2,199 units and are located across California, Nevada, Washington and Oregon.
Stepped-Up Development Takes a Toll in Philadelphia
Echoing a trend that marks some other major metros in 2018, the pace of construction has caught up with demand. That, in turn, is keeping rent growth at modest levels.
Colorado Springs Portfolio Trades for $102M
Nexus Commercial Realty closed on the sale of seven apartment buildings that include a total of 1,178 B and C class multifamily units.
MN Affordable Housing Secures $16M
Real Estate Equities’ Eastgate Apartments in Rochester, the site of a former dance club, will include 135 units.
Hunt Mortgage Secures $17M for 3 CA Properties
The communities, all in Bakersfield, include 200-unit Village Lane Apartments, 46-unit River Oaks Apartments and 224-unit Park Villa Apartments.
3 Reasons to Invest in Class B Assets
Jay Eisner of LEM Capital details the value proposition of upgrading properties to improve the resident experience without inflating rents.
Bascom Group Acquires Denver Community for $93M
The company secured the 275-unit Modera at Observatory Park Apartments from Mill Creek Residential, which will remain the property manager.
MO Condo High-Rise Finishes Construction
The Cypress at the Lake in Central Beach includes 61 luxury units and a private marina, car charging stations and an indoor/outdoor wine bar.
ABI Brokers $5M Sale in Phoenix
The community underwent an exterior renovation in 2015 when it was acquired by the seller. The current owner has the opportunity to increase value by implementing interior upgrades.