Regions
Marcus & Millichap Arranges $13M Sale
The 53-unit community is located in the heart of Denver’s Capitol Hill neighborhood and offers a mix of studios and one- and two-bedroom units.
Beacon Communities Buys NDC, $250M Portfolio
The residential development company now owns National Development Corp. and its 59 properties, most of which are affordable communities. The portfolio is valued at more than $250 million and expands Beacon’s portfolio to 14 states.
Apartment Community in Portland Area Trades for $11M
An apartment community in Longview, Wash., changed hands between private investors in a $10.6 million deal arranged by Marcus & Millichap.
Passco Makes 2nd DC Purchase for $113M
The 360-unit luxury community in Alexandria, Va., is strategically located at the Huntington Metro Station and had a 92 percent occupancy rate at the time of the transaction.
In Case You Missed It: MHN’s Top 5 Posts in September
Miss out on any of our articles or videos? Catch up with five of our most popular posts for the month, including information about Hurricane Harvey’s multifamily impact.
ROSS Appoints New Associate VP of Operations
Tony Perichino will join the team overseeing third-party assignments and development initiatives in the metro D.C. and Baltimore markets.
KTGY Designs LA Container-Based Homeless Housing
Aedis Real Estate Group’s Hope on Alvarado is the first in a series of area developments using shipping containers as a primary building material. The community will provide support services for people transitioning from homelessness.
Castle Lanterra Expands Denver Portfolio
The 44-year-old Mountain Vista Apartments marks the company’s second acquisition in the market. Eighty-five percent of the 257 units have been updated.
Using IoT as an Amenity
Technology is the new differentiator between multifamily properties and competitors. Felicite Moorman, CEO of STRATIS, explains how the Internet of Things offers both convenience and cost savings.
Dougherty Mortgage Closes $32M Loan for MN Community
The financing will be used to build Union Flats, a 217-unit affordable housing property in St. Paul. The community will be built on a site currently occupied by the Hunt Electric Corp. building.