Regions
New Project Maintains Affordable Housing for Chicago’s Northtown
Affordable housing developer Vitus Group recently acquired Evergreen Terrace Apartments.
Trammell Crow to Develop Apartments in Maryland
Financing is now in place for Trammell Crow Residential’s development of Alexan Concorde Circle, a 310-unit apartment property in Linthicum, Md.
TODAY’S DEALS: Steadfast Adds 643 Units to Portfolio
Steadfast Apartment REIT expands in the Midwest; a historic Rhode Island community trades hands for $31.8 million; and Red Mortgage Capital executes HUD refinancing of bridge loan.
$300M Nevada Apartments Change Hands
A new $300 million joint venture between The Bascom Group and funds managed by Oaktree Capital Management has acquired Villa Serena, a 288-unit apartment property in Henderson, Nev.
Greystar Promotes Kevin Sheehan to Senior Managing Director of the Northeast Division
Greystar announced the promotion of Kevin Sheehan to senior managing director.
Podcast: Oil and Apartments
Will oil prices continue to drop? What does cheap oil mean for jobs and apartments in the the energy markets? MHN’s Mike Ratliff and Jack Kern aim to find out in this special edition research podcast.
Insula Companies Acquires Four Florida Apartment Communities
Insula Companies, a Sarasota, Fla.-based firm focusing on apartment community acquisition and revitalization on behalf of investors, acquired four apartment communities in two separate transactions to start off 2015.
Advenir Buys Dallas Apartment Community
Multifamily investor Advenir has acquired the 332-unit Frankford Springs, which is located in north Dallas at 3702 Frankford Rd., in an off-market transaction for an unspecified price.
TODAY’S DEALS: Vornado Refinances Massive D.C. Asset
Vornado completes a $308 million refinance; Lowe Enterprises and First Capital Advisors acquire Silk Factory Lofts; and Greysteel arranges a 120-unit sale in Texas.
Crescent Communities Introducing Luxury Apartment Living to Tampa’s Westshore Business District
Ground has broken for a new 374-unit luxury apartment community on 5.3 acres in Tampa’s Westshore area.