Regions
Economy Watch: Mortgage Delinquencies Drop in July
Lender Processing Services, in its First Look report for July, said that the percentage of delinquent U.S mortgage loans decreased from 6.68 percent in June to 6.41 percent in July, and from 7.03 percent in July 2012.
TODAY’S DEALS: WNC Closes $150.5M Fund to Acquire LIHTC Properties in 18 States
WNC announces it has closed WNC Institutional Tax Credit Fund 38 LP; Breeden Realty buys a 300-unit asset in an ARA-brokered sale; and Marcus & Millichap arranges a 34-unit sale in Colorado.
CBRE Sells Cincinnati Apartment Community for $2.6M
Four Towers at Ferguson Apartments has changed hands for about $2.65 million. The 156-unit Cincinnati property was acquired by an unspecified but locally based property owner; the seller, the heirs of the original developer, were represented in the deal by the CBRE Cincinnati-Indianapolis Multi-Housing Group.
NWP Services Corporation Wins Three Technology Choice Awards
NWP Services Corporation (NWP), a provider of utility cost recovery solutions, today announced that it is the recipient of three 2013 Technology Choice Awards from Multi-Housing News’ (MHN) readers.
Medici Communities and Urban Land Conservancy Open $12.35M Affordable TOD
The Urban Land Conservancy and Medici Communities have opened an affordable, transit-oriented development at the Evans Light Rail Station in Denver. The community, called Evans Station Lofts, cost $12.35 million.
Corvias Group Appoints Charlie Smith as Executive Vice President of Construction
Corvias Group, a privately owned, vertically-integrated real estate solutions group, announced that Charlie Smith has been hired as executive vice president of construction where he will oversee all aspects of design and development.
Peak Campus Management to Manage Flats at West Village
The management of Charlottesville‘s newest purpose-built student housing asset, The Flats at West Village, has been awarded to Peak Campus Management.
Economy Watch: New Home Sales Take Dip in July
Sales of new single-family houses in July 2013 were at an annualized rate of 394,000 units, according to the Census Bureau.
Southern Land Company Secures $110M For 375-Unit Development
Southern Land Company, in partnership with Redwood Capital Investment, has secured $110 million in financing from M&T Bank for 3601 Market Street. The community is a 28-story, 375-unit Class A community in Philadelphia, near the University City Science Center Campus.
TODAY’S DEALS: Praedium and Greystar Sell Florida Apartment for $44.3M
Praediem and Greystar sell a Naples, Fla., community; Steadfast Income REIT adds $56.4 million in acquisitions in Alabama and Texas; and Landmark Apartment Trust of American acquires three apartment assets.