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    New projects got underway at an annualized rate of 287,000 units, only the second time in the past 12 months that the pace has fallen below 300,000 units.

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  • 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.

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  • Napali Acquires 2nd GA Community

    The company purchased Forest Park Manor, a 100-unit property in Forest Park, and plans to rebrand it as Residences at Stonebrook.

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    The financing will be used for the acquisition and rehabilitation of Riverstock Apartments, a 172-unit affordable housing property in Woodstock.

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    Rates have reached a point where even highly paid workers can’t afford the premium prices, despite the metro’s consistent job expansion, robust resident demand and high home prices.

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  • Michaelson Acquires Dallas Apartments

    Built in 1982, Chesapeake Apartments includes 126 units and features four floorplans. Currently the property is 98-percent occupied.

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