Regions
Safanad Expands Student Housing Portfolio
The joint venture plans to implement an immediate $5 million renovation program for the 910-bed student housing community, which serves students attending various Washington, D.C.-area universities.
CDP Opens First Permanent Supportive Housing in CA
The firm led an $18 million renovation of an old hotel into The Orchard, which offers 72 units that will house chronically homeless individuals and small families in Santa Ana.
Venterra Acquires Nashville Apartments for $34M
The firm used a mortgage held by PNC Bank to finance the acquisition of the 171-unit community, which opened at the end of 2016.
Integrity Housing Welcomes Ruby Dhillon as VP
The development expert will spearhead the company’s efforts to source and evaluate new investment opportunities. Prior to joining Integrity, Dhillon served at Newport Partners.
First Step to Expanding Affordable Housing: More Research
Urban Institute Researcher Corianne Scally weighs in on the forces that are shaping affordable housing in 2018, and why the industry needs more evidence regarding the most efficient programs and solutions.
Overbuilding Tempers Growth in Washington, DC
Too much development is finally placing pressure on rents, but the capital region still ranks among the most stable multifamily markets in the U.S.
Chinese Investor Seals SoCal Deal
Gemdale USA paid $46 million for an asset north of L.A. in the Santa Clarita Valley.
29th Street Capital Expands Sacramento Footprint
Located at 2081 West La Loma Drive, Sycamore Square Apartments is a 140-unit multifamily community which will be subject to a $1.2 million renovation program.
Phoenix Apartments Command $110M
Knightvest Capital acquired the asset for the second-highest price recorded for a multifamily property in Arizona.
Economy Watch: Multifamily Market Continues to Soften
Overall demand and the availability of equity capital remain strong, but many owners are pulling back on activity, according to NMHC’s latest quarterly survey.