Regions
BC Invests in 120-Unit Community
Thanks to tax credit equity from the Low Income Housing Tax Credit program, Boston Capital has invested in the Bradford Mews Apartments, a 120-unit development for families in Smithfield, Va.
Economy Watch: Bankruptcy Cases Drop in 2012
Bankruptcy cases filed in federal courts for fiscal year 2012, which is the 12-month period ending September 30, 2012, totaled 1,261,140, down 14 percent from the 1,467,221 bankruptcy cases filed in FY 2011, according to the Administrative Office of the U.S. Courts.
Wood Partners Plans Apartments in Suburban Denver
Wood Partners, one of the nation’s larger multifamily developers, has unveiled plans for Alta Harvest Station Apartments in Broomfield, a major suburb of Denver.
TODAY’S DEALS: Koontz McCombs Sells an Austin Asset
A 344-unit asset trades in Austin; Archstone buys a community in Los Angeles for $56 million; and Chozick Realty brokers student apartments for $16.1 million.
HFF Lists Chicago Multifamily Mid-Rise Community
HFF, on behalf of Malkin Properties of Illinois Inc., has announced that it will market the sale of Glen Oaks Commons, a 504-unit, mid-rise apartment community in Chicago’s northwest suburbs.
Economy Watch: Home Prices See Monthly Downtick on Election Day
Tuesday might have been Election Day, but for the economy and its indicators, it was just another day.
TODAY’S DEALS: JTL Real Estate Partners Buys 1,397-Unit Portfolio
JTL Real Estate Partners buys a four-state portfolio; Behringer Harvard completes the sale of a 560-unit community in Florida; and ARA closes a 224-unit sale in Houston.
MRA Brokers $26.55M N.C. Student Housing Sale
Multifamily Realty Advisors recently represented American Campus Communities in the sale of Campus Walk and Brookstone Village Apartments in Wilmington, N.C. The communities were sold for $26.55 million to Gross + Cohen Real Estate Investors Ltd.
Multifamily Market To Remain Strong Through 2015 With 1.7 Million New Renters, According to Freddie Mac
The Freddie Mac Multifamily Research Group released its multifamily real estate market demand forecast for the next several years.
Freddie Mac Announces 15th Multifamily K Certificates Offering This Year, K-711
Freddie Mac recently announced a new offering of Structured Pass-Through Certificates (K Certificates) backed exclusively by fixed-rate multifamily mortgages with a seven-year term.