Regions
TODAY’S DEALS: Steadfast Buys Three Communities for $68M
Steadfast Income REIT acquires three assets for $68 million; a Phoenix asset trades for $30.9 million; and NorthMarq Capital arranges a $24 million Fannie Mae mortgage.
Elizabeth Ann Stribling-Kivlan Named President of Stribling & Associates
Stribling & Associates has announced that Elizabeth Ann Stribling-Kivlan has been named president of the 32-year-old firm.
Mortgage Rates Drop to New Lows in Latest MBA Weekly Survey
Mortgage applications increased 6.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending December 7, 2012.
Boston Capital Invests in Wisconsin Affordable Apartment Rehabs
A pair of Wisconsin affordable apartment communities, Gilbert Court Apartments in Elkhorn and Havenwood Apartments in Lake Geneva, will be rehabilitated, thanks to an investment by Boston Capital.
Economy Watch: Job Openings Up
The Bureau of Labor Statistics, in its latest Job Openings and Labor Turnover Summery reported that the number of job openings in October was 3.7 million, basically the same as in September.
NorSouth’s $15.3M Seniors Community 100 Percent Occupied
HearthSide Towne Lake, a $15.3 million, 100-unit affordable seniors community in Woodstock, Ga., is 100 percent occupied less than a year after opening. The community was developed by Atlanta-based NorSouth Development and built by NorSouth Constructs.
Today’s Deals: Centerline Provides $55M Bridge Loan for Oakland Asset
Centerline provides a $55 million bridge loan to an Oakland asset; a joint venture between Wood Partners and an institutional investor completes a disposition; and GFI sells a Brooklyn apartment building for $1.3 million.
Pennrose Selected as Winner of the Philadelphia Business Journal and The Forum of Executive Women’s Inaugural Advancing Women Award
Pennrose, a real estate firm developing and managing multifamily communities for over 35 years, announced that the Philadelphia Business Journal and The Forum of Executive Women have selected the company as the local winner for the Inaugural Advancing Women Award.
San Bernardino Housing Authority Selects Yardi Voyager to Manage its Public Housing Portfolio
Yardi announced today that the Housing Authority of the County of San Bernardino (HACSB) in California has selected Yardi Voyager™ as its property management and accounting platform.
Commercial and Multifamily Mortgage Debt Outstanding Increases for Fourth Straight Quarter
The level of commercial/multifamily mortgage debt outstanding increased by $6.6 billion, or 0.3 percent, in the third quarter of 2012, as three of the four major investor groups increased their holdings, according to the Mortgage Bankers Association.