Regions
Millennial Money Goes Furthest in These Cities
St. Louis and Austin come out on top for relative spending power, according to a new study by JLL that looks at incomes for young workers across nearly 50 cities.
Landmark Properties to Invest $1B in Student Housing Developments
The company announced plans to build seven new communities totaling more than 4,450 beds across the country. Four of the properties have already broken ground.
TruAmerica Pays $77M for Phoenix Apartments
The multifamily investment firm increased its Arizona presence with the purchase of a 520-unit apartment community that it plans to renovate.
Top 5 Markets for Multifamily Deliveries
A breakdown of the country’s best-performing markets over the first two quarters, ranked by completions as a percentage of total rental inventory.
Senior, Disabled Community in Boston Area Scores $10M Loan
The owners refinanced Peter Sanborn Place through a MassHousing loan and intend to implement an improvement program.
Bluerock Acquires 644 Units in Scottsdale’s Old Town
The property last traded three years ago, for $80.9 million, when it also became subject to a $60.7 million CMBS loan.
Thayer Manca Shells Out $40M for Tucson Asset
The new owner of Palm Canyon Apartment Homes will invest approximately $13,500 per unit for interior and exterior renovations, along with a sustainability package.
BH3 Buys $195M Loan on Distressed NYC Skyscraper
The real estate investment firm has taken over the defaulted mortgage on 125 Greenwich St., an 88-story luxury condo tower in Manhattan’s Financial District that topped out earlier this year.
An Insider’s View on Denver’s Multifamily Market
McWhinney’s David Jaudes talks about multifamily demand in Denver, the impact of rising costs and where development opportunities lie.
Tower 16 JV Expands Vegas Multifamily Footprint
The firm partnered with Henley Investments, paying nearly $33 million for the Class B community. The deal marks the partnership’s fifth acquisition in the metro.