Regions
UDR Closes $297.7M Multi-State Apartment Portfolio Sale
The UDR Multi-State Portfolio sale, which was inked earlier this year, has been finalized.
Picerne Military Housing Expands into the Student Housing Market
Picerne Military Housing, announced today that it is expanding to the student housing market with the launch of a new parent company called Corvias Group, and a new student housing division called Corvias Campus Living.
University of Texas Study Uncovers Significant Projected Gap between Actual Water Costs and Subsidies Provided to Low-Income Housing Residents
NWP Services Corporation (NWP), in collaboration with the McCombs School of Business at The University of Texas at Austin, recently released the results of an MBA-student study exploring a wide range of water management, cost and conservation issues.
Unithree Completes $12M Rehab of Staten Island Affordable Housing Development
Unithree Investment Corp. has completed a $12 million improvement program on the Parkhill Affordable Housing Complex in Staten Island.
New Affordable Housing Opens in Bed-Stuy
Madison Putnam, a new 48-unit affordable housing development in the Bedford-Stuyvesant section of Brooklyn, N.Y., has opened.
TODAY’S DEALS: Campus Crest Starts $82.5M of New Projects
Campus Crest announces three projects; Grandbridge Real Estate Capital provides a $24 million first mortgage loan; and Essex Realty Group brokers the sale of a four-unit mixed-use property for $1.5 million.
Passco Acquires Luxury Alabama Apartment Community
In a multimillion-dollar transaction, Irvine, Calif.-based real estate investment firm Passco Companies LLC has acquired a 260-unit luxury apartment community called Stonegate in Birmingham, Ala.
Apartment Rents Still Ballooning in Manhattan
Landlords have it good in Manhattan, at least in terms of a recovery in rental rates in recent years, according to a new report by Real Impact Real Estate.
TODAY’S DEALS: IPA Completes San Antonio Sale
IPA brokers a Texas sale; Steadfast Income REIT acquires a suburban Austin community for $18.4 million; and NorthMarq Capital arranges a $32.8 million, five-year, takeout loan with flexible prepayment requirements.
Historic Gothic Building Redeveloped into Luxury Apartment Community
It is possible to have all the charm of an old building with all the conveniences and luxury of a new one, as 806 Capital and Federal Capital Partners are proving with The Arch, a historic gothic building open for pre-leasing of luxury apartments.