Prominence
Atlanta Multifamily Portfolio Trades for $105M
In separate deals, McDowell Properties and Vukota Capital Management each purchased portions of the three-property portfolio in Newnan, Ga., from RADCO Residential.
Washington, DC, Multifamily Report – Spring 2019
Despite a boost in development, absorption has kept up pace and the occupancy rate in stabilized properties inched up 20 basis points year-over-year, to 95.3 percent.
The Biggest Bottleneck to Multifamily Supply: NIMBY-ism
A survey by the National Apartment Association found that local community resistance is seen as the top obstacle to new apartment construction. Big coastal cities are among the toughest places to build.
Raleigh-Durham Multifamily Report – Spring 2019
The metro’s multifamily market is on the upswing, boosted by favorable demographic trends and a diversifying economy.
Poll: Community Events
MHN has a new poll! We want to know which type of community events perform the best at your property.
Boston Multifamily Report – Spring 2019
Considering the 8,250 units slated to come online in 2019, which would mark a new development cycle high, rent growth is expected to moderate slightly, to 2.7 percent for the year.
JAG, New York Life Investment Management Form $100M Acquisition Venture
Formed by Jefferson Apartment Group and New York Life Insurance Co., the investment venture targets the acquisition of 4,000 apartment units and plans to leverage third-party capital partners as it grows.
Seattle Multifamily Report – Spring 2019
The metro remains one of the country’s top-performing multifamily markets, fueled by persistent growth in tech and e-commerce.
JDS Lands $664M Loan to Build Brooklyn’s Tallest Tower
The developer is moving forward with construction of the 575-unit residential skyscraper, which will rise 1,066 feet upon completion, making it the loftiest New York City building outside of Manhattan.
San Diego Multifamily Report – Spring 2019
As a less costly alternative on the California coastline, the metro continues to draw in new residents with its growing biotechnology, defense, and professional and business services sectors.