Regions
Bankers Financial Launches RentersAmerica, the Next Generation of Security Deposit Alternatives for Multifamily Property Owners and Managers
Bankers Financial Corporation has introduced RentersAmerica, a new security deposit alternative program designed to help multifamily property owners and managers reduce their bad debt, generate ancillary revenue and lease more units.
MHN Interview: Related Affordable on Preserving Affordable Housing
MHN talks to Matthew Finkle, president, Related Affordable, about his new position and his strategy for acquiring and preserving new affordable housing properties.
Baxter Park South Delivers New Apartments for Newark
A ribbon-cutting ceremony February 22 celebrated the newly constructed Baxter Park South mixed-use development, located on the former site of long obsolete Newark public housing. This new development is the first phase in a key revitalization effort bringing highly sought housing to an enclave straddling the University Communities and the Broad Street Station District.
TODAY’S DEALS: Bascom Acquires Two Arizona Assets
A Bascom Arizona Ventures subsidiary buys two properties; Timberland Partners sells a Texas asset with help from ARA; and NorthMarq Capital arranges two-year interest-only mortgage refinancing for a $30 million Freddie Mac loan.
Walker & Dunlop Names Stephen P. Theobald Executive Vice President, Chief Financial Officer and Treasurer
Walker & Dunlop Inc. announced that Stephen P. Theobald would join the company as executive vice president, chief financial officer and treasurer on April 1, 2013.
Growing Multi Housing Advisors Makes Key New Hires
Multi Housing Advisors has made a series of important hires in its Atlanta; Birmingham, Ala.; and Charlotte, N.C., offices.
Economy Watch: Personal Income Drops
The Bureau of Economic Analysis reported that U.S. personal income took a hit in January. At $505.5 billion, income was down 3.6 percent for the month, the largest drop in about 20 years.
Picerne Military Housing Breaks Ground on $72M On-Post Community
Picerne Military Housing, a division of Corvias Group, recently broke ground on Reece Crossings, 432 on-post apartments for barracks-eligible, single unaccompanied service members. This marks the first public-private partnership with the U.S. Army.
TODAY’S DEALS: Variant Buys 3,709-Unit Portfolio in Receivership Sale
Variant acquires a 14-property portfolio; CBRE New England sells two Boston walk-ups; and ARA Dallas announces sale of Class A property in a top city.
Investor Obtains Acquisition Financing for West Coast Multifamily
Multifamily investor Pacific Urban Residential has obtained $43.7 million in first mortgage debt for the acquisition of two apartment properties, one in Seattle and the other Los Angeles.