Prominence
Inland Empire Multifamily Report – Summer 2019
Rents in the market increased 4.2 percent year-over-year through April, driven by the area’s historically limited inventory.
Equity Residential Makes $165M Boston Sale
ING Group provided LaSalle Investment Management and Jefferson Apartment Group with more than $104 million in acquisition financing for a rental community in the city’s Fenway-Kenmore neighborhood.
Philadelphia Multifamily Report – Summer 2019
Young professionals attracted by the metro’s tech magnet continue to fuel demand for housing.
Canada Invests $357M in Affordable Housing
The Canada Mortgage and Housing Corp. will build and fund more than 700 new rental housing units for middle-class families in Toronto.
CBRE to Boost UK Multifamily Presence
By taking over Telford Homes, the company will expand Trammell Crow’s real estate development business into the United Kingdom’s budding build-to-rent housing market.
$1B Bay Area Development Hits Construction Milestone
The development team, which includes two Trammell Crow companies, broke ground on the 68-acre redevelopment of a former Naval Air Station in Alameda, Calif., in March of last year.
Austin Multifamily Report – Summer 2019
Despite the more than 23,000 units underway in the metro as of April, developers are struggling to keep up with soaring demand.
Brooklyn Mixed-Income Tower Lands $178M Loan
Completed in 2018, the 26-story community received the new financing through the New York State Housing Finance Agency’s 80/20 Housing Program. Rose Associates and Benenson Capital Partners are the developers.
JV Buys $365M Community in LA
The 350-unit property in the Westwood neighborhood also features 50,000 square feet of retail space. The acquisition was financed by a $160 million loan.
Leveraging Resident Feedback to Enhance NOI
Can net operating income be significantly improved with good customer service? Property managers and owners explored that compelling topic last week at the National Apartment Association’s Apartmentalize conference in Denver.