Prominence
Fannie Mae: One-Third of Americans Can’t Find Affordable Housing Near Work
In a poll conducted by research firm Penn Schoen Berland for the government-sponsored enterprise, most Americans reported that they struggled to find affordable housing options in areas they desired.
Senior Housing Affordability Crisis Looms
A new report by the National Investment Center for Seniors Housing & Care finds that 54 percent of middle-income elderly won’t be able to pay for assisted living and out-of-pocket medical costs by 2029.
Brooklyn Mixed-Use Tower Breaks Ground
A joint venture between Greenland Forest City Partners and The Brodsky Organization is developing 18 Sixth Avenue, an 859-unit mixed-income property within the Pacific Park community. Construction is slated to be complete in 2022.
Los Angeles Multifamily Report – Spring 2019
A spate of new supply over the past three years has put a damper on rent growth, which nonetheless remains above the national average.
Top 5 Markets for Multifamily Rent Growth
Here’s a breakdown of the best-performing markets ranked by year-over-year rent increases through March 2019.
Mission Success: CGI’s Cohen Curates Lifestyles for Discerning Renters
This investor says he built his company’s $900 million portfolio by anticipating needs as well as cycles and maintaining a hands-on approach.
Greystar, Banyan Street Advance on $125M Atlanta Project
The partners have closed on construction financing and scored air rights for Ascent Peachtree, a downtown 345-unit multifamily development that is slated to break ground next month.
Senior Living Cost Growth Lags Healthcare
The median monthly price of independent living facilities inched up 2.6 percent from 2017 to 2018, while assisted living rose by 2.4 percent, according to data from A Place for Mom.
SPH Expands UK Student Housing Portfolio
The Singapore-based firm, through three wholly-owned subsidiaries, added more than 1,200 beds across three properties in Southampton, Sheffield and Leeds for about $174 million.
$600M Mixed-Use Project Underway in Miami
Adler Group and 13th Floor Investments have joined forces to transform the Douglas Road Metrorail station into a massive transit-oriented development encompassing 1,500 residential units, along with significant office and retail components.