Property Types
MARKET SNAPSHOT: Toronto Multifamily Remains Tight as Rents Rise and Concessions Fade
While sales velocity has ticked down somewhat over the past year, prices for apartments in the city of Toronto remain extraordinarily high.
Pennrose Properties and dmhFund Team for First Philadelphia LGBT-Friendly Seniors Community
Pennrose Properties and The Dr. Magnus Hirschfeld Fund have begun construction on William Way, the first urban LGBT-friendly affordable senior housing development, in Philadelphia’s “Gayborhood” section.
Jersey Shore Apartments Open on Schedule
Walters Group has opened the first eight-unit building of Whispering Hills Apartments, an affordable rental property in Barnegat, N.J.
The Sterling Group Announces Opening of $7.5M Indiana Seniors Community
The Sterling Group has announced the grand opening of its new $7.5 million seniors community in Mishawaka, Ind. The community is owned by Heritage Place at LaSalle Square LP, whose partners include Memorial Hospital of South Bend and National Equity Fund, Chicago.
Tricorp Hearn Celebrates Completion and Grand Opening of Foothill Farms Senior Apartments
Tricorp Hearn Construction recently celebrated the completion of Foothill Farms Senior Apartments, a $26 million, 138-unit affordable housing facility.
Springboard and MMI Team Up for $25M Housing Initiative
Springboard Nonprofit Consumer Credit Management Inc. has partnered with Money Management International to establish a $25 million dollar initiative designed to address the affordable housing crisis in the United States.
New National Competition Launches to Reduce Affordable Housing Costs Through Innovation
To recognize and support the creation of innovative affordable housing developments that address the issue of lowering cost, Deutsche Bank and Enterprise Community Partners Inc. (Enterprise) are launching the Lowering the Cost of Housing Competition that will award up to $250,000 in Program Related Investment (PRI) to the winning proposal.
Grandbridge Closes on $6.2M Loan for Arkansas LEED Platinum Student Community
Grandbridge Real Estate Capital recently closed on a $6.2 million first mortgage loan for a student housing community near the University of Arkansas.
Austin Student Housing Trades for $46.7M
Crescent Resources has sold Circle West Campus for $46.77 million to an undisclosed buyer.
Artists Lofts Opens in St. Louis
Metropolitan Artist Lofts, a redevelopment of a vintage 1908 property in St. Louis, has opened for occupancy.