Regions
Why Affordable Apartments Are Hard for Low-Income Renters to Find
Kim Betancourt, who oversees economics and market research for Fannie Mae’s multifamily platform, talks about her team’s latest findings on barriers to affordability.
San Diego Apartments Snag $38M Refi
KeyBank Real Estate Capital arranged the financing, 12-year term, seven-year interest only period and a 30-year amortization schedule for the 255-unit Stonewood Garden Apartment Homes.
JV to Bring $44M Workforce Housing to Boston Area
Work on the 140-unit The Watson on Howard is scheduled to begin by June, with occupancy expected by July 2018. This community will feature the largest number of workforce units ever financed under MassHousing’s Workforce Housing Initiative.
Bellwether Closes $62M in Financing
The properties include a 116-unit community in New York, a 192-unit community in Texas and an industrial property in Ohio.
US Residential Welcomes New EVP
Laurie Lyons, a 30-year veteran of the apartment industry, will be responsible for growing the company’s third-party management portfolio. She will be based in Denver.
CBRE Names New VP
Former Capital One Senior Vice President Haig Kilicyan joins the company’s Capital Markets Debt & Structured Finance team in New York.
LINC Opens LA-Area Affordable Community
Mosaic Gardens at Willowbrook is a $20 million development built for low-income families and homeless households, with support from several public and private entities. The latest homeless count shows there are nearly 47,000 homeless in Los Angeles County.
Friedkin Snags Long Island Apartments for $140M
Making its New York debut, the San Francisco-based investment firm bought a 450-unit community in Suffolk County and an adjacent golf course.
Lifescapes Designs Landscape for DTLA’s First Completed Condos in a Decade
The company has completed the design for the outdoor terrace and pool deck on the sixth floor of a 25-story project developed by Trumark Urban, which also features the country’s first drone landing pad.
TF Cornerstone, Arquitectonica Top Off NYC Tower
Featuring a distinctive grid-like design concept, the 1,028-unit mixed-use property is the developer’s second on Midtown West’s Billionaire’s Row and is scheduled for completion next year.