Regions
Economy Watch: Renter Household Growth Likely to Slow
Following an unprecedented run-up in demand over the last decade, rental household growth is expected to decelerate in the coming years, according to a recent Harvard Joint Center for Housing Studies report.
Hunt Provides $28M Acquisition Loan for PA Asset
The community is located in a residential neighborhood of Reading, Penn. Hunt obtained a favorable loan for the owner, tapping into Fannie Mae’s Green Rewards program.
Long Island Apartments Sell for $8M
Cushman & Wakefield represented the seller of three-story property, which was was built in 1959 and is located within walking distance of public transportation and retail options.
Berkadia Arranges $157M Loan for CA Properties
The company worked on behalf of Realty Center Management, which used the Fannie Mae loan to refinance existing debt on four assets.
Glasshouse Breaks Ground in Pittsburgh
Station Square Apartments, located across the river from Pittsburgh’s central business district, is slated to feature 319 Class A units and ground-floor retail space.
$277M MD Portfolio Changes Hands
The four-asset NOAH portfolio brings Morgan Properties’ total multifamily investments to $1.2 billion and more than 8,600 units during the past year.
Climb Markets New Bay Area Apartments
The newly constructed market-rate community in Point Richmond features a roof deck, bicycle parking and landscaped common areas in an accessible location.
LaSalle Investment Management Buys CO Community
The 20-building property was 93.1 percent occupied as of October. The community is close to major employment centers such as Denver tech Center and Lucent Business Park.
RED Mortgage Welcomes New President
Trent Brooksbrings more than three decades of executive leadership experience in the multifamily industry.
MA Multifamily Property Lands $24M Refi
Hunt Mortgage Group has provided a $23.5 million refinancing loan for South Coast Landings, a 240-unit multifamily property, located 18 miles southeast of Providence, R.I.