Regions
Social Media Helps Market New Dallas Apartments
Wood Partners reports that after only eight weeks, the property is 60 percent leased. The company isn’t just relying on the strength of the local market to get renters to sign on the dotted line–it’s also pursuing social media.
TODAY'S DEALS: Lee & Associates Lands $175M Recapitalization for San Francisco Asset
Lee & Associates secures an equity partner for a large San Francisco asset; American Campus Communities acquires two properties totaling 1,927 beds; and Palatine Capital sells a community for double its acquisition price.
Developer Introduces Two Purchase Programs For Luxury Units
Rent-to-own programs have become popular among developers, and Pinnacle Companies is taking this idea to the next level by introducing two new purchase programs for The M at Englewood South in New Jersey.
Apartment Sector Will Continue to be Job Generator
Most sectors of the U.S. economy continue to show sluggish rates of employment growth, but the prospect of employment growth in the apartment industry is strong.
Spirit Investment, Bascom Team Up for Shopping Spree
Spirit Investment Partners LLC and The Bascom Group LLC have teamed up to form a joint venture, Spirit Bascom Ventures LLC, for the purpose of acquiring value-add multifamily properties in the eastern region of the country.
What's Old is New Again: Value-Add Capital Program Aims to Modernize Community Interiors
CBRE Global Investors has purchased Heritage Creek, a 324-unit garden-style apartment community built in the ’90s, and it plans to initiate a value-add capital program to modernize the interiors.
TODAY'S DEALS: NorthMarq Arranges $136.4M for Student Housing Portfolio
NorthMarq provides $136.4 million to recapitalize a student housing portfolio; NASH-Newland acquires 28 master-planned communities; and Spirit/Bascom form a JV targeting 5,000 units.
Artemis Closes First Fund, Set to Hunt for Property
Artemis Real Estate Partners, has closed its first institutional fund, Artemis Real Estate Partners Fund I.
Today's Deals: CBRE Capital Markets Arranges $155M for Seattle Portfolio
CBRE Capital Markets arranges a $155 million refinancing for a Seattle portfolio; Security Properties closes 2011 with $244 million in transactions; and Boston Capital invests in an affordable project in Maine.
Marcus & Millichap Report Predicts Strongest Year Yet for Rental Market
2011 proved to be a good year for multifamily, according to Marcus & Millichap’s 2012 National Apartment Report. And this is predicted to continue for 2012.