Prominence
JV Closes on $57M Canadian Multifamily Portfolio
Marlin Spring and Greybrook Realty Partners teamed up to purchase a 520-unit, four-building portfolio in the capital city of Ottawa and nearby Gatineau.
MassHousing Provides $36M in Financing for MA Affordable Housing
The former Worcester County Courthouse will be redeveloped by Trinity Financial into 117 apartments, including 45 workforce housing units and 13 for extremely low-income residents.
San Jose Multifamily Report – Spring 2019
The market’s strong economy and highly skilled renter cohort continue to support substantial rent growth. The average rent stood at $2,872 as of March, roughly double the national figure.
Austin Multifamily Report – Spring 2019
Rents increased by 4.5 percent year-over-year through February, despite robust deliveries throughout 2018, when nearly 11,000 units came online.
$118M Affordable Senior Housing Project Opens in NYC
The Tres Puentes Senior Apartments community will provide 175 homes for seniors and individuals with special needs in the Bronx.
San Francisco Multifamily Report – Spring 2019
Rebounding rent growth boosted investor appetite in the metro, with $2.2 billion in multifamily assets trading in 2018.
Citymark, InterCapital Sell Multifamily Assets Totaling $139M
The three properties, which are located in Phoenix, Atlanta and Las Vegas, were purchased in separate deals by Goodman Real Estate, Blackstone and LivCor.
Miami Multifamily Report – Spring 2019
Solid economic fundamentals and population gains continue to fuel the metro’s apartment market. Some 13,300 units were delivered last year and more than 26,000 were underway as of February.
Construction Launches at Oregon’s Largest Mixed-Use Community
Developed by Holland Partner Group, the Portland-area residential development is part of Reed’s Crossing, a master-planned community underway in South Hillsboro, Ore.
Portland Multifamily Report – Spring 2019
With more than 5,000 apartment units coming online in the metro in 2018, rents increased by 1.9 percent year-over-year through February—well below the 3.6 percent national average.