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  • Investor Acquires, Merges 2 FL Properties

    Northland Investment Corp. has acquired Mallards Cove and Shell Trace in Jupiter, Fla. Renamed Jupiter Isle, the new property features 359 units set on a low-density, 42-acre site.

    25 August 2017 09:44
  • Economy Watch: Investment in Non-Residential Structures Gains in Q2

    By D.C. Stribling, Contributing Editor Investment in non-residential U.S. structures increased at a 5.2 percent annualized pace during the second quarter of 2017, the Bureau of Economic Analysis reported on Monday. That’s a marked change from early last year, when the pace of non-residential investment was dragged down due to a

    08 August 2017 13:19
  • Enterprise Homes Triples Footprint with Mid-Atlantic Buy

    Acquired from The Shelter Group, the portfolio comprises 43 communities in Pennsylvania, Maryland and Virginia. Enterprise plans to keep the properties affordable.

    07 August 2017 15:44
  • Taurus Snags $56M MA Property

    The investment firm acquired Wellington Parkside from SMC Management. The Everett community was built in 2015 and includes 190 units.

    19 April 2017 15:31
  • Orlando Affordable Housing Scores $20M Refi

    Berkeley Point Capital arranged financing for Sand Lake Pointe Apartments, a 312-unit property. The loan was securitized with Ginnie Mae on a 35-year fully amortizing term.

    06 September 2017 18:01
  • Resident Attraction

    Multifamily occupancy stood at 95.5 percent at the end of June, according to Yardi Matrix data, with rents continuing to climb, though at a reduced rate from the headier years of the post-recession recovery.

    08 September 2017 10:49
  • Renovated Downtown Nashville Community Trades for $27M

    A Covenant Capital Group fund sold the 170-unit 500 Fifth Ave. The deal follows a $4 million renovation process the firm completed at the 56-year-old building.

    03 August 2017 14:29
  • IRET Buys in Hot Twin Cities Market

    The company acquired the 500-unit Park Place in Plymouth, Minn., for $92.3 million. The community consists of four apartment buildings and is currently more than 95 percent occupied.

    18 September 2017 17:49
  • Set Your Apartments Apart by Allowing Pets

    While owners might see too much risk in allowing pets, these fears are usually based on myth, not fact. And the rewards commonly outweigh the costs.

    27 September 2017 15:52
  • Manhattan Valley Portfolio Sells for $52M

    Eastern Consolidated recently brokered the sale of a four-building multifamily portfolio comprising 100 apartments located at 60-68 W. 107th St., on New York City’s Upper West Side.

    15 May 2017 14:17