Prominence
Queens Multifamily Report – Summer 2019
The borough’s rents increased just 0.6 percent year-over-year through April, partially due to New York City’s pressing affordability issues and regulatory uncertainty.
American Landmark, RSE Capital Snag $247M Portfolio
The partnership acquired a total of 1,848 residential units across the Dallas-Fort Worth and Nashville metro areas in an off-market deal.
In Case You Missed It: MHN’s Top 5 Posts in June
Miss any of our articles? Catch up with five of our most popular posts for the month.
WashREIT Wraps Up $461M Portfolio Buy
The REIT has closed on the $82 million purchase of two communities in the suburbs of Washington, D.C., totaling 428 units. The deal is the second tranche of a larger seven-property transaction.
UK Firm, Oxford University Partner in $5B Plan
A London-based financial services company and the university are teaming up to build homes for staff and students in and around Oxford.
10 Game-Changing Innovations in Multifamily
At the National Apartment Association’s Apartmentalize conference in Denver, a group of panelists agreed that new technological innovations—from autonomous vehicles to cryptocurrencies—will continue to transform the industry.
NAREE Report: Apartments Needed to Meet Demand
With Gen Z looming behind the huge Millennial population, millions more apartments are needed over the next decade to meet a growing need.
Bronx Mixed-Use Development Receives $140M Financing
S3 Capital Partners has supplied construction capital for two 25-story towers that will offer a combination of apartments, hotel rooms and retail space in South Bronx’s Mott Haven enclave.
2-State Portfolio Lands $125M Loan
Greystone originated the Fannie Mae financing for the 1,383-unit portfolio across Pennsylvania and Kentucky. As part of the recapitalization effort, Bayshore Properties has taken a 50 percent stake in the assets.
Las Vegas Multifamily Report – Summer 2019
The metro’s affordability advantage, particularly compared to coastal California markets, adds to Las Vegas’ economic gains.