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    The operator acquired two communities totaling more than 1,100 beds.

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    Hartz Mountain Industries and Panepinto Properties developed the LEED Silver-certified TOD, which includes 13 stories and 240 units. The community is already 40 percent leased.

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    While rent growth remained stagnant during February, Yardi Matrix's latest monthly report assures that strong fundamentals and the promise of a growing economy bode well for the industry.

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  • Berkadia Closes $12M Hollywood Community Sale

    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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