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    Cushman & Wakefield was chosen to market the sale of a fully occupied, 17-unit residential building in New York City’s most populated borough. The asset presents substantial upside potential.

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    The apartment community was part of the Rental Assistance Demonstration program and received a 20-year subsidy contract. The previous owner improved multiple aspects of the 1950 buildings.

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    The company acquired two properties with a total of 780 units and plans to renovate common areas, as well as unit interiors and exteriors.

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    Matt Naish brings affordable housing expertise following his tenure with Berkeley Point Capital and HUD.

    14 April 2017 16:58
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    CBD and suburban office represented 31 percent of the total transaction volume, and mid- and high-rise and garden apartments represented 33 percent in the past year.

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    The $78.4 million refinancing for the 510-bed property in Brooklyn, N.Y., follows a $20 million capital improvement plan implemented by Centers Health Care.

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    Supply growth is outpacing demand in many areas, causing a decrease in occupancy rates. Here is a list of the 10 markets with the greatest loss in occupancy year-over-year as of April 2017.

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  • CAPREIT Acquires Memphis-Area Apartments

    The 430-unit Legacy Crossing comprises one-, two- and three-bedroom affordable apartments ranging from 711 to 1,063 square feet. The company plans on making upgrades to the units.

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  • New Supply Keeps Rent Growth Tepid in Baltimore

    Spearheaded by the revival of its core and by the emergence of the Baltimore-Washington corridor as a strategic location, the metro’s multifamily fundamentals have stabilized.

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