Regions
WinnDevelopment Proceeds with Adaptive Re-Use
The project, located in Lowell, Mass., will produce will produce 73 market-rate apartments and two affordable units in a 170-year-old former cloth mill.
TruAmerica on the Benefits of a Value-Add Strategy
MHN spoke with founder Bob Hart about his company’s unique investment strategy and what’s contributed to its significant growth as it comes up on its three-year anniversary.
New Standard Equities Acquires Seattle-Area Property
The 284-unit community was acquired from Fowler Property Acquisitions.
Yardi Matrix: Philadelphia’s Growth Story
The demand for apartments continues to rise in the City of Brotherly Love, driven by positive economic and demographic trends.
CA Residential, Habitat Co. Form Multifamily Partnership
The Chicago-based firms will pursue co-development and investment deal in various markets nationwide, targeting properties between $40 million and $120 million.
Yardi Matrix: Denver’s Growth Conundrum
An influx of Millennials and strong job growth have propelled apartment rent increases in Denver to among the highest in the nation—but that growth may be hitting a wall as a result of the heavy development pipeline.
IPA Arranges Record-Breaking Sale of Terracina Apartments in Inland Empire
By Alex Girda Ontario, Calif.– The recent sale of the Terracina community in Ontario is the largest transaction ever completed for a multifamily property in the Inland Empire. MG Properties sold the property along with joint venture partner Rockwood Capital for $142 million. The price per-unit comes in at roughly $193,000, well above the national average PPU which ended 2015 at roughly $117,000. Located at 3303 South Archibald Ave. in the Ontario Ranch master-planned community, Terracina offers 736 garden-style residences. The property consists of two land parcels that total 41 of the 8,200 acres that make up Ontario Ranch. The transaction…
HFF Secures Financing for Montclair Terrace Apartments
There is the opportunity to position the asset as an affordable property.
ROSS Nabs 254-Unit Community in Maryland
The multifamily firm plans to implement building improvements and a digital marketing strategy at its newly acquired Horizon Square in Laurel, Md.
Fifield Celebrates Grand Opening of Chicago Luxury Community
Luxe on Madison was built in 2009 as a condominium building, and subsequently converted to apartments.