Regions
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.
Balfour Beatty Breaks Ground on IN Student Community
The 387,000-square-foot Aspire at Discovery Park, the first phase of a $1.2 billion planned development near Purdue University, is expected to be complete in August 2019.
Economy Watch: Apartments Rents Falling in Some Major Markets
While nationwide apartment rents continued to rise in 2017, 14 of the largest U.S. cities saw average rents either decrease, stagnate or grow slower than the national average, a recent RentCafé report noted.
Multifamily Investment 2018: Use a Scalpel—Not a Machete—to Find Value
As value-add multifamily deals in primary markets continue to be rare finds, more investors are likely to seek yields in non-core locations this year, predicts Bryan Sullivan, vice president of acquisitions and development at The Habitat Co., in his MHN-exclusive industry outlook.
CBRE Closes Sale of Garden-Style MA Community
After the expiration of the original affordable restrictions, the 102-unit community in Stoughton, Mass.,underwent significant renovations, including landscaping and parking improvements.
JV to Invest $550M in National Portfolio
Cortland Partners, Canada Pension Plan Investment Board and GIC plan to acquire and renovate 8,000 to 10,000 Class B multifamily units across the U.S.
Fairfield Residential Sells 133-Unit Boston Asset
CBRE facilitated the sale of Baker Chocolate Factory Apartments, a three-building property converted for residential use in the 1980s.
Berkadia Secures $40M Refi for NJ Community
The 752-unit Brookchester Apartments is a garden-style community in New Milford, N.J., located 20 minutes from New York City.
Can Real Estate Adapt to Historic Levels of Change?
Steeped in tradition and time-honored techniques, the real estate industry has thrived thanks to its dependability and cyclical nature, but powerful forces are creating disruption on an unprecedented scale.
Affordable Housing: A Practitioner’s Action Plan for 2018
Enterprise Community Partners’ Scott Hoekman outlines the firm’s priorities in 2018, and how the firm is adjusting to the impact of new tax reform on affordable housing.