Regions
Lincoln, Kairoi Residential Unveil Austin Tower
Waterline will have luxury apartment homes along with office space and a hotel when completed.
Philadelphia Multifamily Report – August 2022
Halfway through 2022, Philadelphia’s multifamily market maintained its vigor despite rising uncertainty regarding the economy. Strong demand kept up with substantial deliveries and the occupancy rate in stabilized properties remained flat at 96.7 percent in May, with core submarkets beginning to regain popularity among renters. Meanwhile, the average rent rose 11.4 percent year-over-year through June, to $1,695, still trailing the $1,706 U.S. figure. READ THE FULL YARDI MATRIX REPORT Philadelphia’s employment market expanded 4.3 percent, or 113,800 jobs, in the 12 months ending in May, 40 basis points behind the U.S. rate. Leisure and hospitality (38,100 jobs), trade, transportation and…
Evergreen Tops Off $30M Indiana Affordable Senior Housing
Drawing on extensive experience in developing ground-up assisted living communities, the company is nearing completion on the first of two Indiana assisted living communities for low-income older adults.
Top 10 Multifamily Markets by Sales Volume in 2022 H1
Gateway markets rebound, regaining top positions in the multifamily sales volume landscape.
Byrd & Scanlan Buys Albuquerque Asset
Northmarq represented the seller and secured acquisition financing for the buyer.
The Midwest Is Attracting Record-High Capital. Here’s Why
Northmarq’s Jeff Lamott on the region’s strengths and what to expect.
Weidner Sells Inland Empire Asset for $65M
The property last traded for $24 million.
HARRI5 Closes 1,230-Unit MHC Sale in Arizona
The buyer used a $26.4 million loan held by Voya Investment Management to finance the acquisition.
Wolcott Group Sells Tucson Asset for $37M
The property last traded for $7.5 million.
CPP Buys 3 Affordable Communities for $49M
All three properties, located in California, New Mexico and Arizona, are being renovated.