Northeast
NHI Venture Buys Senior Housing Portfolio for $128M
The REIT has teamed up with affiliates of its existing tenant, Discovery Senior Living, to acquire six communities across three states, totaling nearly 600 units of independent and assisted living and memory care facilities.
AvalonBay Starts Development of Mixed-Use Project in New York
Avalon Harrison, located next to a commuter railroad station in Harrison, N.Y., will have 143 luxury rental units and 27,300 square feet of retail along with new parking and public plazas.
Increasing Yields by Solarizing Low-Income Communities
OYA Solar Founder & Managing Partner Manish Nayar summarizes the evolution of the solar market and stresses the wide applicability of energy efficiency in multifamily, including atop of affordable assets.
Pittsburgh Multifamily Report – Spring 2019
Apartment demand is fueled by young professionals looking for modern, well-located rental units in the city’s central neighborhoods.
Historic Buffalo Community Receives Freddie Mac Refi
A Community Preservation Corp. subsidiary closed on a $2.4 million small balance loan for Houk Lofts, a 22-unit property.
LMC Breaks Ground on Luxury Connecticut Community
The subsidiary of Lennar Corp. has started work on The Smyth, a 414-unit multifamily property that will rise 15 stories in central Stamford. The building is scheduled to welcome its first residents in 2021.
Affordable Housing Is a National Math Problem
Financing the development and preservation of low-income units is a challenge in today’s dynamic marketplace, so private organizations are taking matters into their hands.
Taking Aim at the Co-Living Market
Chris Bledsoe, co-founder of the shared living startup, on why developers are beating a path to his door and how the company’s model could transform the housing sector in the U.S. and beyond.
MassHousing Provides $36M in Financing for MA Affordable Housing
The former Worcester County Courthouse will be redeveloped by Trinity Financial into 117 apartments, including 45 workforce housing units and 13 for extremely low-income residents.
$118M Affordable Senior Housing Project Opens in NYC
The Tres Puentes Senior Apartments community will provide 175 homes for seniors and individuals with special needs in the Bronx.