Regions
How Independent Apartment Owners Can Increase Income
Independent owners can maximize income and value using similar tools to their institutional counterparts’. Here are some suggestions from the National Apartment Association’s recent Education Conference.
George Smith Secures $27M for Hollywood Community
Massie Capital and Glenn & Shannon Dellimore plan to refinance an older acquisition loan and fund further renovations, as well as the off-market acquisition of an adjacent property.
J Street Lands Dupont Circle Site for Condo Project
The developer plans to build The Pacifica, a nine-unit luxury community in Washington, D.C. In partnership with the Dupont Circle Citizens’ Association, the company is offering the historic buildings currently on the site for free.
HPI Snags Memphis-Area Community
The 400-unit Annandale Gardens comprises one-, two- and three-bedroom floorplans. This marks the second acquisition of HPI Real Estate Fund V.
Unveiled: Brook Avenue Apartments in the Bronx
Yuco Real Estate Co.’s $25 million, 66-unit development was financed under Mayor De Blasio’s Housing New York plan.
Baltimore Community Lands $73M HUD Construction Loan
The 317-unit Berkleigh in Middle River is part of Baltimore Crossroads @ 95, a large-scale project that will encompass office space, retail, two hotels, 1,000 homes and two multifamily properties.
WTC Secures $70M for Suburban Chicago Property
The company obtained construction and permanent financing for the 301-unit residential component of Wheeling Town Center, a mixed-use development.
Pathfinder Completes Luxury Condos at Sky Las Vegas
The 390,000-square-foot Sky offers 409 units with a mix of one-, two- and three-bedroom floorplans. The building is conveniently located on the Las Vegas Strip.
Hollywood Communities Command $24M
Vista Investment Group sold a pair of properties: 58-unit Avondale Hollywood and 36-unit Sunset Formosa. The deals netted the company $11 million in profit.
Indianapolis: Full Speed Ahead
Demand for apartments continues to be strong, thanks to the locale’s relative affordability. The city’s high-quality education system and skilled workforce attract residents and employers, propelling economic growth.