Prominence
TruAmerica, Blackstone Buy 2 for $127M
The joint venture has acquired two garden-style communities: the 319-unit Montair in suburban Denver and the 316-unit Walden Pond in suburban Seattle.
Construction Underway on MN Senior Development
The Opus Group development in Minnetonka will feature four stories and 147 units. Amenities will include a salon, a chapel and a memory-care garden.
The Guide to 2018 Is Now Available!
We’re pleased to present a special publication of Multi-Housing News and Commercial Property Executive, offering valuable insights into this year’s trends and opportunities, along with key market data and analysis.
JAG Begins Construction on NJ Community
The 490-unit Jefferson Place Mt. Laurel is expected to break ground this month, and move-ins are scheduled for spring 2019.
Top 10 Dallas Apartment Owners
The city continues to enjoy a thriving economy and a growing demographic expansion. However, as a result of the recent construction surge, the metro’s average occupancy rate decreased last year.
Greystar Develops 286-Unit FL Community
Elan Rosemary in Sarasota is nearing completion. Designed by Meeks + Partners, the property will include a pool, courtyard with grilling stations and an outdoor bar, and a fitness center with Fitness on Demand.
Brooklyn Community Lands $92M
Greystone Bassuk arranged the 10-year permanent loan with Union Bank on behalf of The Hudson Cos. for The Parkline, a 254-unit building located in Prospect Lefferts Gardens.
Is Atlanta Approaching a Market Peak?
The metro’s development boom is not slowing down. Multifamily investments and deliveries showed signs of peaking by year-end, as roughly 8,700 units came online as of October 2017.
Boston Community Commands Record-Breaking Price
CLPF Residences at Seaport has acquired Watermark Seaport from Skanska and Twining Properties for $60 million. The deal represents the highest price paid per unit for a multifamily project in the city.
Demographic Expansion Pushes Up Demand in Dallas
Investors remain bullish, as $5 billion in multifamily assets traded in DFW last year. The recent construction surge has come at a cost, as the occupancy rate dropped by 40 basis points to 95.4 percent as of September 2017.