Regions
SB Real Estate JV Pays $56M for Phoenix Asset
The acquisition consolidates the partnership’s Southwest multifamily expansion.
Manhattan Multifamily Report – August 2022
Investment activity was tepid during the previous two years, mostly due to the health crisis and rent control measures, but sales activity during the first half of 2022 made up for that, with more than $3 billion in multifamily deals recorded.
Standard Communities Acquires Partially Affordable Chicago Asset
The buyer financed the purchase with low-income housing tax credits secured in partnership with Boston Financial Investment Management.
American Capital Group Begins Sacramento Development
The Kinect at Southport community is ACG’s third Western U.S. transaction this year.
$1B New York Development to Get Luxury Condos
This community will be a key part of a master-planned suburban project.
Brickstone Lands Boulder Student Housing Refi
Blackstone Real Estate originated two senior loans for the downtown community.
Baltimore Multifamily Report – August 2022
Baltimore’s multifamily market posted moderate performance amid rising interest rates and a declining population. The average rent reached $1,664, up 0.8 percent on a trailing three-month basis through June, picking up after two quarters of sluggish increases. The rate remains just below the $1,706 U.S. figure. READ THE FULL YARDI MATRIX REPORT Baltimore’s economy is still lagging pre-pandemic levels of employment, but is making strides nonetheless. Job growth was at 4.1 percent —60 basis points behind the U.S. average—with 71,700 positions added in the 12 months ending in May. The unemployment rate clocked in at 3.6 percent as of May,…
NMHC Names New Chief
Longtime multifamily executive Sharon Wilson Géno will succeed Doug Bibby in January 2023.
DCHFA Funds Construction of DC Affordable Housing
The community will serve residents earning 30 percent to 50 percent below the area median income.
Flaherty & Collins Build $200M Bridgeport Mixed-Use
The Steelpointe Harbor project will include rental units and retail space.