Regions
Suburban Philly Property Trades for $34M
The apartment community was part of the Rental Assistance Demonstration program and received a 20-year subsidy contract. The previous owner improved multiple aspects of the 1950 buildings.
Economy Watch: HQ2 Could Raise Rents in Some Apartment Markets
Smaller metros with lower wage growth or constrained housing stocks could see rents rise the most from the Amazon HQ2, notes a new Apartment List report.
Luxury Downtown LA Community Debuts
4D Development & Investment’s 115-unit property on Grand Avenue will be managed by Moss & Co.
Sienna Lines Up Ontario Retirement Portfolio Deal
The company purchased two luxury retirement properties comprising comprising 380-plus units and more than 380,000 square feet for $160 million.
Boston’s Hood Business Park Gets Residential Component
The mixed-use project will add 177 units and 10,500 square feet of retail space to the Hood Business Park complex.
Bay Area Senior Living to Break Ground
Embarking on a five-year, multi-phase project, Wilson Investment Properties will build Paradise Value Estates, a 140-unit assisted living community in Fairfield, Calif.
HTG Debuts Luxury AZ Community
Aviva, located in the Phoenix suburb of Mesa, Ariz., will feature 325 one-, two- and three-bedroom units. The $63 million project will welcome its first residents in January 2018, and Mark-Taylor will handle leasing.
Berkadia Facilitates $15M Vegas Sale
Desert Palms North Apartments was built in 1992 and features mixed unit types, ranging in size from 520 to 975 square feet. According to Yardi Matrix data, monthly rent averages at $648.
Queens Nursing Facilities Land $54M Refi
With a total of 576 units, both properties are part of the SentosaCare network. Greystone provided the HUD-insured mortgage loans for the two highly specialized assets.
SoCal Delivers for Investors in San Diego
The metro benefits from a strong talent pool, renowned universities and its ever-growing biotechnology sector. Inventory is expected to expand significantly in the coming years, given the city’s robust multifamily pipeline and recent pro-development legislation.