Regions
Top CEOs Weigh In on 2018 Prospects
At NMHC’s annual outlook conference, three leading executives paint a complex picture highlighted by substantial runway, moderating growth and a red flag or two.
Sunrise Luxury Living Unveils AZ Community
The Core Scottsdale includes 282 units and poolside cabins, and a clubhouse with gym, yoga-spin room, theater room, game room and poker room.
Chicago Buyers Expand into Las Vegas Market
Oak Residential Partners and POB Capital have acquired 252-unit Avenue Apartments in Henderson, Nev. The deal marks both buyers’ entry into the market.
Warm Springs Management Acquires Denver-Area Community
The 58-unit garden community traded for $10.8 million. The new owner financed the acquisition using a Freddie Mac conventional loan.
Multifamily Markets Positioned to Win in 2018
Above-trend population increases and job gains in non-gateway cities are generating strong investor and resident demand for multifamily housing, explained IRT Chairman & CEO Scott Schaeffer. Here are three such markets poised to benefit from this trend in 2018.
JV Restructures Partnership for Brooklyn Redevelopment
Greenland USA and Forest City Realty Trust reached an agreement to extend Greenland’s ownership interest to 95 from 70 percent and decrease Forest City’s interest to 5 from 30 percent for its Pacific Park Brooklyn mixed-use project.
408 Units in CO Change Hands
Inland Real Estate Acquisitions has acquired Après Apartments in Aurora. At the time of the sale, the community was 95 percent occupied.
Milhaus Plans Cincinnati Property
Poste is part of the 250 units the developer intends to start building in Walnut Hills this year. The company also announced a capital investment of $245 million for the development of Class A, market-rate properties across the country.
Woodmont Properties, Baker Residential Start Construction on NJ Assets
The joint venture is developing a 220-unit community in Bayonne, which is expected to be completed in the spring of 2019.
Eye Candy Meets Practicality
Since its earliest days, the Kitchen & Bath Show has been drawing multifamily specialists who know how to connect the dots between residential housing trends and the apartment market. Here are some of the highlights, including a mix of practical and sexy products in a range of applications.