Regions
Gvest Adds Frericks as CFO
Gvest Partners has hired Kevin Frericks, CPA, as chief financial officer. Frericks will be based in the firm’s Atlanta office.
Economy Watch: Pending Home Sales See Downtick
The National Association of Realtors reported on Monday that its Pending Home Sales Index dropped a notch in June to 110.9 from May’s reading of 111.3. The May reading was the index’s highest level since before the housing bubble burst; back in December 2006, the index maxed out at 112.8.
James Stanfill Joins McKinley as Managing Director, West Coast Residential Operations
McKinley announced that James Stanfill has joined the company as managing director, West Coast operations, to lead the McKinley Residential expansion into California.
Student Housing Near Central Connecticut State Sells
Campus View Apartments in New Britain, Conn., has traded hands for $4.72 million. The property is a 63-unit student-housing community at the entrance to Central Connecticut State University.
LCOR Announces Penthouses Available at NYC Luxury Building
LCOR has released The Penthouse Collection at 25 Broad, a community in New York. There are four units in the collection, two of which are already leased.
TODAY’S DEALS: ARA Seniors Housing Completes Georgia Class A Sale
PREI buys a seniors housing asset in an ARA-brokered sale; Beech Street closes $17.2 million for a 456-unit asset in Florida; and Commercial Mortgage Capital secures a $23 million construction loan.
Engrain Announces Yardi Systems Integration
Engrain, Inc. (engrain.com), the leader in touch screen property tour and resident messaging systems, today announced that its TouchTour system is now fully integrated with Yardi Voyager software.
Corvias Campus Living Unveils First Student Housing Development
With the opening last week of Summerfield Square, a student housing development on the campus of the Alabama College of Osteopathic Medicine in Dothan, Ala., Corvias Campus Living has unveiled its first of what it hopes will be many student housing developments across the nation.
Economy Watch: Consumer Sentiment Unexpectedly Peppy
The University of Michigan reported on Friday that its consumer sentiment index for July came in at 85.1, an improvement from June’s final reading of 84.1, and also up from the mid-July reading of 83.9.
TODAY’S DEALS: MetLife Adds 300-Unit Asset to D.C.-Area Portfolio
MetLife buys a property in Lorton, Va.; Berkeley Point Capital closes a $25 million refinance for a property in North Carolina; and Delshah Capital Sells Stated Island Properties to The Arker Companies.