Prominence
Seattle Multifamily Report – Summer 2019
There were more than 21,500 multifamily units under construction as of June, with 8,131 expected to come online by December.
Top 10 Multifamily Transactions in the South
Through July, a single market accounted for one third of the region’s investment sales volume, according to Yardi Matrix data.
Bascom Group Scores $235M Refi
The refinancing is for an 11-property multifamily portfolio spread across five states.
Austin Multifamily Report – Summer 2019
Multifamily rent growth in Texas’ capital is among the highest in the country, up 4.9 percent year-over-year through June to $1,401, only $64 below the U.S. average.
GEM Realty Pays $72M for Asheville Community
The recently completed property is located in historic Biltmore Village and includes nearly two dozen affordable units.
High-End, High-Profile Manhattan Tower Tops Out
The joint-venture project of SJP Properties and Mitsui Fudosan America reaches 52 stories, legal challenges notwithstanding.
MG Properties Buys 2 Los Angeles Communities for $140M
The company’s buying spree continues with the acquisition of two properties totaling 397 units in Canoga Park and Northridge, Calif.
NexPoint Acquires 2 Communities for $384M
The multifamily REIT picked up residential properties in the Miami and Nashville metro areas.
National Multifamily Report – Summer 2019
At mid-year, rent growth has stabilized at more than 3 percent and is expected to increase 2.6 percent for the full year, according to Yardi Matrix’s Summer 2019 U.S. Multifamily Outlook.
Related, Hudson Cos. Top Out Affordable Housing Project
The 340-unit building is the first newly built, permanently affordable housing to be developed on New York City’s Roosevelt Island.