Prominence
Senior Housing Construction Flags as Occupancy Hits 8-Year Low
Independent living and assisted living facilities were on average 87.8 percent occupied in the second quarter, according to a new report by the National Investment Center for Seniors Housing & Care.
Chicago Multifamily Report – Summer 2019
The metro remains one of the few gateway markets that face a housing deficit in the year ahead, despite the record number of units scheduled for completion by year’s end.
San Diego Communities Land $223M Refi
Totaling 803 units in the Kearny Mesa submarket, the two rental properties are part of the 232-acre Centrum Master Plan.
The Habitat Co. Takes Charge of Chicago Affordable Housing Portfolio
The firm now manages an additional 18 affordable communities owned by the Chicago Housing Authority. The properties are located across the Windy City’s West and South sides.
Harbor Group Buys Brooklyn Community for $117M
The 193-unit rental property, named The Frederick, was built in 2017 and is located in the popular Crown Heights neighborhood.
Boca Raton Luxury Tower Secures $225M Loan
The financing will be used to complete the Mandarin Oriental-branded condo project within the mixed-use Via Mizner development.
Orange County Multifamily Report – Summer 2019
Despite the delivery of 4,789 units in 2018, the metro’s supply levels have yet to catch up with pent-up demand.
CIM Group Completes Austin’s Tallest Tower
Nicknamed the Jenga tower for its distinctive stacked design, the 58-story condo community is located downtown and houses more than 20,000 square feet of amenities.
CRA, Roxborough Group Sell Las Vegas Portfolio for $138M
The three apartment communities have a total of 1,194 units and were owned by the joint venture for almost three years.
Brooklyn Multifamily Report – Summer 2019
The borough’s apartment supply and demand remained in relative balance amid New York City’s new rent regulations.