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    Innovative Dehumidifier Systems is touting its debut product as the only multifamily-unit-size dehumidifier on the market. The freestanding product is discreet and works automatically, removing as much as 22 gallons of water in one unit per week.

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    The Royal Palm, a 45-unit property, was 100 percent occupied at the time of closing.

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    This is the first time the 72-unit property has traded in more than 40 years. Since most units lacked kitchens, the property was challenging to finance by conventional lenders.

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  • Rent Growth

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    The company completed a 12-year, two-year interest only Fannie Mae loan for the 134-unit property.

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    Fannie Mae’s multifamily chief explains how dedicating capital to measures that save energy and water pay off, especially in the affordable sector.

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    The company has completed the first two phases of 4th West Apartments, which includes 373 units. The building, described as "ultra luxury," includes amenities such as an Olympic-size pool, heated spas and The SportClub, which features a 16-screen video wall and a full-size bar.

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