Regions
TODAY'S DEALS: Mixed-Income High-Rise Opens in Arlington
Bozzuto, Chesapeake Community Advisors complete a mixed-income high-rise in Arlington; Wood Partners begins a new development in North Carolina; and American Realty Advisors buys a 264-unit community outside of Atlanta.
The Atlantic, an Exclusive Atlanta High-Rise, Now Available for Lease
The Atlantic, which at 47 stories is the tallest residential high-rise in mid-town Atlanta, is now available for lease by renters.
TODAY'S DEALS: KBS REIT Acquires 255-Unit Asset Outside Baltimore
KBS Legacy Partners Apartment REIT buys a Maryland asset; Strategic Capital Partners acquires a community in Oklahoma City; and NAI Hunneman brokers the $2.7 million sale of a 100 percent-occupied building.
Ground Breaks for Affordable Housing Property in Columbus
Ground has been broken for Franklin Station, a 100-unit affordable apartment property in Columbus that will serve elderly and special-needs homeless people.
Praedium Group Teams with the Carroll Organization on Houston Multifamily Property Purchase
The Praedium Group and The Carroll Organization have partnered to acquire a 302-unit apartment community in Houston.
MARKET SNAPSHOT: Vibrant Economy in Oklahoma City Promotes Multifamily Expansion
Posting a 5.5 percent unemployment rate, the lowest in the country, Oklahoma City is making tremendous strides in both single-family and multifamily housing.
Apartments Originally Designed to be Condos Appeal to Renters
A 255-unit apartment complex in Pikesville, Md., has averaged 35 percent resident turnover, below the industry average of 50 or 60 percent.
TODAY'S DEALS: Vesper Holdings Buys Texas Student Housing Asset
Vesper Holdings acquires a 528-bed student housing asset; UIP, Infinity buys a pre-war asset in Washington, D.C.; and Beech Street Capital provides a $5.2 million FHA loan with possibly the lowest rate to lock in the field office’s history.
Manhattan Multifamily Sees Price Increases
According to Brown Harris Stevens’ first quarter 2012 Manhattan Residential Market Report, the average Manhattan apartment sale price was about $1.483 million, up 9 percent from the same period in 2011.
How to Minimize Property Damage in the Event of a Wildfire
As summer approaches and the temperatures go up, it is important for multifamily owners and property managers to protect their buildings from wildfires.