Regions
J.P. Morgan Buys $127M Denver Asset
Forum Real Estate Group sold the 300-unit community through HFF. The high-end property is located near the Denver Tech Center.
Top 10 Largest DC Communities Under Development
The city’s multifamily market is experiencing strong fundamentals, including robust employment, healthy population gains and record-breaking rental rates, per-unit prices and median home values.
Tikijian Secures $37M Indianapolis Community
The company represented The RADCO Cos. in the sale of 455-unit Indianapolis asset. The new company changed its name to Ashford at Keystone and plans to renovate unit interiors.
1st High-Rise Debuts in DTLA $1B Project
Greenland USA opened the first luxury residential building, part of its Metropolis mixed-development, which towers 38 floors above the city. Two other towers are under construction.
Bell Partners Snags 308 Units
Stonebridge Terrace, which will be renamed Bell Stonebridge, is a two-year-old community located within Stonebridge at Potomac Town Center, a half-million-square-foot lifestyle hub.
Rosewood Closes $83M Queens Sale
President Aaron Jungreis represented both the seller and the buyer in the exchange of the 343-unit portfolio. The seven buildings were constructed between 1913 and 1941.
CityView, Dinerstein to Develop CO Luxury Apartments
The proposed 350-unit, Class A development will be replacing an underutilized retail center at the site. Groundbreaking is scheduled for August 2017 and completion for mid-2019.
2017’s Busiest Rental Markets
With apartment construction reaching a 20-year peak, most of the largest U.S. cities continue to add significant levels of rental stock. Denver and Nashville are joining the top 10 list in terms of 2017 apartment completions, according to RentCafé.
Pillar Provides Freddie Mac Loan for Richmond Community
The company originated a $10.4 million, 7-year loan for the acquisition of a 348-unit community located in the Bellwood. The asset has an occupancy rate of 97.4 percent.
Investcorp Snags Phoenix Community for $50M
The 582-unit Tuscany Palms in Mesa, Ariz., last traded in 2014, when P.B. Bell paid $29.5 million for its acquisition.