Regions
Apartments Outperforming Other Assets, Says NMHC
According to a recent study, multifamily communities are outperforming most other commercial real estate property types, whether it be on a risk-adjusted or unadjusted basis, regardless of holding period, geographic region, metro size or growth rate. Here’s why.
Capital One Ups HTI Fannie Mae Credit Facility to $216M
The company served as the sole lender, providing a bridge to long-term agency financing for a 23-property senior housing portfolio across six states.
San Diego Community Opens, Lands New Management
The 97-unit multifamily property in the city’s southern suburbs, 15 miles from downtown, contains a mix of one- and two-bedroom apartments.
Wolff to Kick Off Seattle-Area Senior Community
Revel Kirkland is an upcoming 152-unit resort-style development slated for completion in 2019. The community will occupy the site of a former LifeBridge Church.
Customer Service Campaigns to Retain Residents
Beth Tuttle of LMC shares best practices for marketing to current renters, focusing on renewals to keep occupancy rates high.
High Street, MetLife Break Ground in Phoenix
The partnership will construct a five-story 190-unit community that will include a coffee bar, interactive lounge space and gaming area.
Phoenix Community Sells for $15M
Weidner Apartment Homes sold the Murano Apartment Homes, located in the Arcadia neighborhood of Phoenix. Berkadia represented the firm in the transaction.
Retirees Set to Outnumber Children
According to the U.S. Census Bureau’s projection, the population will grow by an annual average of 2.3 million people until 2030, with Baby Boomers tilting the charts.
CAPREIT Sells 112-Unit Minneapolis Community
Built in 2005, the 112-unit Minneapolis Grand comprises two four-story buildings featuring a club room, a fitness center and 130 parking spaces.
Socal Asset Sells for $75M
The Bascom Group bought the 235-unit, Class A property, and CBRE secured debt financing for the acquisition.