Regions
NYC and N.J. Returning to Pre-Recession Levels
Manhattan’s outer boroughs and Northern New Jersey see upside potential in high barrier-to-entry locations.
Rising Trend in Multi-Generational Household Formations in N.J.
Manahawkin, N.J.–In New Jersey, the cohabitation among generations has expanded in scope to encompass multiple generations, according to BD Movers.
HIT Invests $42M in St. Louis-Area Multifamily
St. Louis–The AFL-CIO Housing Investment Trust has provided nearly $42 million in financing for two multifamily developments in greater St. Louis.
TODAY’S DEALS: HFF Closes Sale of West Houston Community
HFF closes sale on Houston community; Boston Capital invests in Virginia affordable multifamily; and Jones Lang LaSalle markets an apartment property in Washington state.
Change in Renter Habits Emerging with Change in Economy
Chicago–As the economy inches toward some semblance of health, new trends are emerging among the renter population, including a lot of renters planning to move.
TODAY’S DEALS: Foursquare Foundation Breaks Ground on $10M Senior Living Community
The Foursquare Foundation breaks ground on a $10 million senior living community; IPA brokers the sale of a 343-unit multifamily property; and Hendricks & Partners brokers an apartment sale.
Multi-Year Opportunities for Multifamily Investing
Meeting the demands and desires of millions of new apartment dwellers will continue to provide investors with solid returns, now and well into the future.
Unfinished Part of Sterling Pointe Development in N.J. Trades Hands
Somerset, N.J.–Sterling Properties has sold 80 home sites at its over-55 property in Somerset County to K. Hovnanian Homes, which will build out the final phase of construction.
TODAY’S DEALS: UDR to Enter Manhattan Market with $260.8M Acquisition
UDR enters a definitely agreement to purchase 10 Hanover Square; Walker & Dunlop closes a $9.6 million refinance loan; and Boston Capital invests in 96-unit affordable development in partnership with a nonprofit.
MARKET SNAPSHOT: Positive Auto Industry News Provides Cautious Optimism to Detroit Apartment Industry
Detroit–The resurgence of the automotive industry has brought some optimism to Detroit and its apartment market.