Regions
EdR Announced Two Key Hires
EdR announced two recent and key additions: Sonja N. Harris as vice president of human resources, and Samantha Long as director of strategic planning and analysis.
TODAY’S DEALS: Praedium Buys Massachusetts Apartments from Wood Partners JV
Wood Partners and Bavin Inc. complete a Boston-area disposition; Canada’s Starlight Fund finds value in Florida; and Berkadia arranges $18.5 million for affordable and student housing.
Hunt Launches New Transit-Oriented Apartment Development in Dallas-Fort Worth Metroplex
Construction has begun on a new transit-oriented development in Richardson, Texas.
Bluerock, Catalyst to Develop Atlanta Apartment Building
Bluerock Residential Growth REIT, along with an affiliate of Bluerock Real Estate and Catalyst Development Partners, are partnering to develop a 285-unit apartment community in Atlanta.
Forging a Departure From Other Properties’ Sameness
Cocke, Finkelstein Inc. and Llewellyn Development are partnering to develop a new Olmsted apartment community in the south of Broadway or “SoBro” enclave of Nashville, reports Atlanta-based Cocke, Finkelstein, Inc.
Economy Watch: How Strong is Employment Among Millennials?
The April Bureau of Labor Statistics employment report was generally good news, with a net gain of 223,000 jobs and an unemployment rate of 5.4 percent, the lowest that metric has been in the last seven years, since the onset months of the recession.
TODAY’S DEALS: RADCO Completes Third 2015 Buy with Clearwater Apartments
The RADCO Cos. drops $34.2 million on a Florida asset; OpenPath kicks off a value-add play with an acquisition in Colorado; and Quantum Capital arranges a $33 million refinancing.
Leasing Under Way at Orlando-Area Apartments
Pre-leasing has kicked off at Altís Sand Lake, an apartment development in the unincorporated Dr. Phillips area of Orange County, Fla., near Orlando. The property has 315 private-entry units with attached private garages.
Doors Open at WestCorp Management Group’s New 308-Unit Apartment Community
WestCorp Management Group announced the official grand opening of its newest apartment community in Southern Nevada.
Evictions at Lowest Level Since ‘09
According to a new analysis by TransUnion SmartMove, the number of apartment evictions in 2014 was the lowest in any year since 2009.