David Barnhill

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    Transwestern Development built the 290-unit Vela Apartments in partnership with a private investor. The developer obtained $34 million in construction financing from Bank of the Ozarks.

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  • Rent Growth

    Despite the slight drop in overall rents, the year-over-year rate of growth increased to 2.5% nationwide in November, up 10 basis points over October. Overall rents are now $4 off their all-time high of $1,362, which was achieved in September.

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  • Greysteel Closes Fully Affordable Baltimore Sale

    The 150-unit Portside Apartments is located within a 20-minute drive of downtown and is subject to Section 42 provisions. The property last changed hands in 2005.

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  • HFF Secures Financing for Houston Luxury Tower

    Located at 2930 Kirby Drive, Hanover River Oaks is a to-be-built, 39-story, 370-unit luxury high-rise multifamily tower with approximately 10,000 square feet of ground-floor retail space.

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