Property Types
TODAY’S DEALS: Grubb & Ellis to Acquire 10 Skilled Nursing Facilities
Grubb & Ellis enters an agreement to buy 10 skilled nursing facilities for $166.5 million; Prudential Mortgage Capital Co. puts a 200-unit Arizona community on the market; and Grandbridge funds a $72 million Freddie Mac loan carrying low-4 percent interest.
KAREA Acquires Three Student Housing Properties Near State Schools
Student housing is widely still considered “recession-resistant” as demand for such housing rises with enrollment, which (if anything) has been bolstered by the ravages of the economy.
Affordable Housing Renovation Values Public/Private Partnership
For Jamboree Housing, creating affordable housing required a bond between the developer and the hosting agency entity.
Student Housing Income and Expense Survey Shows Northeast Spends Less On Operating Expenses
Washington, D.C.–The National Multi Housing Council’s National Student Housing Council (NSHC) recently released its “Off-Campus Student Housing: 2011 Income and Expense Benchmarking Survey.”
Fort Carson Excels in Military Housing
Fort Carson was recently awarded the 2011 Multifamily Executive Merit Award for Military Project of the Year, an award that highlights innovation in architecture.
New Yonkers Condo Campaign Successfully Selling Excess
‘Long Live Excess’ proclaims the marketing campaign for Monarch at Ridge Hill, a new luxury condominium. In this economy, does indulgence still sell?
Motel Transformed into Affordable Housing for Formerly Homeless
Mercy Housing California announced the opening of its newest affordable housing community, Boulevard Court.
SPECIAL REPORT: As Green as It Gets
Affordable housing took center stage on day one of GreenBuild 2011 in Toronto.
TODAY’S DEALS: American Realty Advisors Acquires 186-Unit Community
American Realty Advisors acquires a 186-unit community in Houston; Education Realty Trust starts the 2011 school year with 94.9 percent occupancy; and Marcus & Millichap arranges a $17 million bridge loan for the completion of an apartment property.
Condo Tower to Quit Burning Dirty No. 6 Oil
In January of this year, the New York City Department of Environmental Protection issued a rule that will phase out both No. 4 and No. 6 heating oils in the city.