Regions
Non-Profit Partners Acquire Silver Springs Apartments
Housing Partnership Equity Trust and AHC Inc. have partnered to acquire Woodleaf Apartments in Silver Spring, a suburb of Washington, D.C., for $33.5 million.
Greentree Development Group Gives Condo as a Gift
Greentree Development Group and the Semper Fi Fund donated a condominium at Parkside at Wanaque, a community of 88 townhomes and condominiums in Haskell, N.J., to Matthew Todd, an injured veteran of the Iraq war.
Economy Watch: Home Price Increases Sluggish
The post-recession trajectory of U.S. residential prices has one of increases, but data since early 2014 has pointed to a slowing down of those increases.
Waterton Acquires 2460 Peachtree in Atlanta
Waterton Associates has acquired 2460 Peachtree Apartments, a 236-unit high-rise rental tower in Atlanta’s Buckhead neighborhood, for an unspecified sum.
TODAY’S DEALS: Steadfast Enters Colorado with $40M Buy
Steadfast Apartment REIT buys a 252-unit asset; CPR Money provides $7.8 million for a Kansas City acquisition and rehab; and Walker & Dunlop originates a $23 million bridge loan in Austin, Texas.
Berkshire Grabs 325-Unit M-F Asset in Dallas’ Medical District
Berkshire Group wraps up a busy year of buying with the acquisition of Aura Medical District, a 325-unit apartment community in Dallas’ booming Medical District.
NJAA Hires Nichole F. LoPresti as Senior Vice President of Government Affairs and Special Events
The New Jersey Apartment Association has announced that Nichole F. LoPresti of Marlton, N.J., has joined the organization as senior vice-president of government affairs and special events.
Contegra Construction’s Trailblazer Commons Phase I Opens in Illinois
Phase I of Trailblazer Commons, serving Godfrey, Ill.-based Lewis and Clark Community College, has opened to students.
Economy Watch: Holiday Retail Sales Strong This Year
Holiday retail sales between Thanksgiving and Christmas—except for car sales— increased 5.5 percent this year compared to the same period last year, according to MasterCard’s SpendingPulse report.
Housing Partnership Equity Trust, AHC Acquire Multifamily Community for $33.5M
Social-purpose REIT Housing Partnership Equity Trust (HPET) announced that it has picked up its first Washington D.C.-area property multifamily community, in partnership with nonprofit developer AHC Inc.