Regions
Student Housing Investment in 2018
Jaclyn Fitts, CBRE’s director of national student housing, spoke with MHN about the types of markets and financing sources that will be most popular for the sector this year.
On the Market: 5 Interesting Listings for the Week of 2/19
This week’s listings include two recently constructed properties in Florida and a condominium offering in Vineland, N.J., which has seen historically high occupancy rates since its delivery.
TMG Brokers Sale of OC Community
The Landing, a 52-unit community in Newport Beach, Calif. changed hands for $18.5 million or $355,769 per unit. The Mogharebi Group worked on behalf of both parties.
San Francisco Condo Development Site Trades for Nearly $30M
The new owner plans to develop a tower containing 220 condominium units above approximately 7,000 square feet of street retail.
Peterson Opens MD Condos
Haven at National Harbor in Prince George’s County includes concierge services, a fitness center and yoga studio, and a lounge.
Lee & Associates Arranges SoCal Sale
In a tax-deferred transaction, SOMA Realty sold a 16-unit multifamily asset in Pasadena, Calif. Principal George Yessaie represented the buyer.
TruAmerica Buys $91M CA Community
Pacific Shores, a 264-unit property in Huntington Beach, will receive renovations to the pool and spa area, dog park and fitness center.
Economy Watch: Rent Increases for Single-Family Slow
Year-over-year rent growth has decelerated slowly since it peaked early last year, according to the CoreLogic Single-Family Rent Index.
Peak Campus Adds 2 Midwest Assets to Portfolio
The company will manage Campus View and University Meadows, two student housing communities totaling 1,272 beds. The properties are located in Missouri and Michigan.
Former MA Campus Building to Become Memory Care Facility
Benchmark Senior Living is developing the adaptive reuse and extension of a former Andover Newton Theological School campus building. The new memory care facility will incorporate 50 units.