Regions
Kennedy Wilson Sells $109M Seattle Asset
The 576-unit property was 97.9 percent occupied as of May. The company purchased the asset in 2014 for $57.8 million from Holland Partners.
Trion Properties Acquires Portland Community
The acquisition of the 67-unit community marks the company’s fifth purchase in the Portland, Ore., region. Trion Properties plans to implement a series of renovation made to the exterior, as well as to the interiors.
Marcus & Millichap Closes on Illinois Multifamily Sale
The community is located in Mount Prospect, Ill., and consists of three 14-unit buildings. The units offer a mix of one- and two-bedroom layouts of 650 and 850 square feet respectively.
10 Markets with the Greatest Rent Loss
Rent growth has been decelerating nationally after a wave of new development. Here are markets with the greatest loss in rents over the year.
Bijou, Intercontinental Launch NJ Mixed-Use Development
The joint venture’s 424-unit Hoboken community includes a state-of-the-art public gymnasium, two-acre resiliency park and other luxury amenities.
Strawberry Fields Refinances TN Skilled Nursing Facilities
The $27.2 million HUD guaranteed loans from Capital One Multifamily Finance have a 35-year term at a 3.43 percent fixed interest rate. The REIT acquired the three properties last year.
St. Louis Gears Up
Despite a slowly declining population, the city continues to see positive economic trends driven by job gains in education and health services, leisure and hospitality, and professional and business services.
Boston Investor Buys CA Portfolio
Rockpoint Group, in a joint venture with Strategic Housing Partners, has acquired 500 units in Torrance, Calif., with plans to upgrade the apartments.
Phase 2 of Brooklyn Affordable Project on Track
A joint venture of The Hudson Cos. and BEC New Communities has closed on the financing and acquisition of BEC Continuum Resyndication, which includes 550 units across 43 properties.
NKF Snags Senior Housing Experts
Rob Black and Sean McNee have joined as senior managing directors in the firm’s San Diego office. The two veterans come from Cushman & Wakefield, bringing 21 years and 17 years, respectively, of industry experience.