Property Types
New Tax Incentives for Workforce Housing
A veteran tax consultant explains how the newly created Qualified Opportunity Zones offer incentives to provide workforce housing in economically distressed areas.
On the Market: 5 Interesting Listings for the Week of 9/17
This week’s roundup includes a luxury high-rise in the heart of Miami, a student housing opportunity in Baltimore and an adaptive-reuse property in the Richmond area, among others.
CapitaLand Acquires $835M Portfolio
The properties include 16 communities located within the metropolitan areas of Seattle; Portland, Ore.; Los Angeles; and Denver. This marks the firm’s entrance into the U.S. multifamily market.
Keybank Finances NJ Affordable Housing Projects
Omni New York secured a first-of-its-kind loan to acquire and rehabilitate Garden Spires and Spruce Spires apartments in Newark.
American Landmark Snags Houston-Area Community
Hilltop Apartments is a 208-unit garden-style community located in the rapidly growing Texas city of Conroe, roughly 40 miles north of downtown Houston.
PMG Miami Community Lands $106M Refi
The 464-unit property, which offers apartments as well as bedrooms for rent, started construction in mid-2016 and recently opened its doors.
Morgan Properties Buys DC-Area Community for $62M
HFF brokered the sale of the 308-unit community, which is located inside the Capital Beltway and within a 10-mile drive of downtown D.C.
Tackling Homelessness in Denver
In an exclusive video interview, Vitus Development Director Scott Langan discusses the firm’s first Colorado acquisition: a low-income and homeless housing property that the affordable housing developer will renovate.
Gilbane Development to Construct 5 Student Housing Communities for $400M
The new projects, which will include 3,500 beds, will open in Georgia, Arizona, Illinois, Maryland and Oregon within the next couple of years.
TGM Associates Makes 6th Chicagoland Buy
A former Crossroads Partners asset, the luxury property is located in the North Shore suburb and offers access to more than 100,000 square feet of retail amenities.