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TRANSCRIPT: Facebook Chat with Marketing Expert Kate Good
Marketing expert Kate Good recently participated in a live chat on the MHN Facebook page to answer readers’ questions.
Report Reveals Favorable Multifamily Prospects For the Foreseeable Future
A recent report by TD Economics, an affiliate of TD Bank, confirms the generally positive state (for landlords) of the U.S. multifamily housing market.
Orlando-Area Apartment Community Acquired by McCann Realty
Vista at Lost Lake Apartments, a five-year-old, 276-unit, garden-style rental community just outside Orlando, has been acquired by Richmond, Va.-based McCann Realty Partners LLC.
Hawaiian Affordable Community Wins National Award
Vitus Group, an affordable housing developer, has announced that their affordable housing community Banyan Street Manor has received an honorable mention in the Public Housing category of the Charles L. Edson Tax Credit Excellence Awards.
TODAY'S DEALS: Grandbridge Closes $121M Financing
Grandbridge closes a $121 million acquisition loan for a property in Arlington, Va.; Southeast Apartment Partners completes an $18.6 million sale in North Carolina; and a Charles Dunn Co. sale breaks the price-per-square-foot record for the 90034 zip code in Los Angeles.
Accelerated Marketing Partners Collecting Sealed Bids for Jersey Shore Properties at Coastal Colors
Accelerated Marketing Partners will conduct a sealed-bid auction for the last three remaining luxury townhomes at Coastal Colors, an oceanfront resort community in Wildwood Crest, N.J.
MARKET SNAPSHOT: Strong Employment, Mortgage Financing Woes Keep Apartment Demand High in San Antonio
Employment in the San Antonio metro area increased by 1.2 percent in 2011, considerably higher than the 0.7 percent seen in 2010 and translating to the addition of 10,000 jobs.
Military Contraction to Impact San Diego Multifamily Market
The downsizing of the U.S. military presence in San Diego is expected to have a long-term impact on the apartment market in the area, and not for the better.
TODAY'S DEALS: HFF Secures $19.3M for Gainesville Apts
HFF secures a $19.3 million financing from Prudential Mortgage Capital on behalf of Epoch Properties; Kennedy Wilson acquires a Dublin asset next to Google’s European HQ; and Centerline Capital Group provide a $2.25 million Fannie Mae loan to a property in Minnesota.
Former Atlanta Condo Building Begins Life as a Rental Property
Once upon a time, condo conversion meant taking a rental property and selling off the units piecemeal. More recently, conversion has gone the other way: condos that never sold because of the recession are becoming rental units.