Prominence
Barings Sells Portland Community for $116M
Griffis Residential acquired the 294-unit, LEED Gold-certified property in the city’s South Waterfront neighborhood.
CA Ventures Moves into European Student Housing
The U.S. firm plans to invest $625 million per year in the UK and Ireland by 2021, while branching out into the Netherlands, Spain, Portugal and Italy.
Jacksonville Multifamily Report – Summer 2019
The metro’s rental market is on a roll, sustained by steady employment gains and ongoing net in-migration.
“Middle Earth” Student Housing Property Completes $98M Expansion
Named in honor of J.R.R. Tolkien’s book series Lord of the Rings, the Irvine, Calif., property has a focus on sustainability.
Tampa Multifamily Report – Summer 2019
Investors seeking higher acquisition yields than those across South Florida have pushed the metro’s sales volume above the $2 billion mark every year since 2015.
$165M Secured for New Los Angeles Community
The newly built, 376-unit rental property was developed by Mill Creek Residential and was completed last month.
Airbnb Pledges $25M to Affordable Housing Efforts
The short-term home lodging website will invest in projects supporting, building and preserving affordable housing in California.
Lendlease Breaks Ground on 2 Chicago Communities
The company teamed up with Magellan Development Group to construct Cascade, a 503-unit rental tower, and Cirrus, a 363-unit luxury property.
Detroit Multifamily Report – Summer 2019
The leisure and hospitality sector leads gains, mainly due to an increasing number of visitors as well as new hotel projects coming online.
Top 5 Markets for Multifamily Occupancy Growth
In contrast to national trends, the occupancy rates for the best-performing metros went up by as much as 160 basis points.