Gershwin Apartments

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    Taking steps to make buildings more energy efficient not only has a positive impact on the environment but it can also save a lot of money for property owners in the small-balance market.

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    Twenty-six states and Washington, D.C., saw rental increases during the first six months of 2017, according to a recent ABODO report. The largest average increases occured in South Carolina, Maine, Vermont and Rhode Island.

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  • IPA Intermediates Sale of Austin-Area Community

    Vantage at Georgetown is a 288-unit community strategically located north of Austin in Georgetown, Texas. The property was acquired by Pensam Residential.

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  • Phoenix Community Sells for $30M

    Berkadia represented the seller, a subsidiary of Evergreen Development Co., which sold the 152-unit property to Pure US Apartments REIT.

    21 June 2017 18:36
  • Strawberry Fields Refinances TN Skilled Nursing Facilities

    The $27.2 million HUD guaranteed loans from Capital One Multifamily Finance have a 35-year term at a 3.43 percent fixed interest rate. The REIT acquired the three properties last year.

    07 July 2017 13:21
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    Chicago has a stable market, with more than 8,000 new units scheduled to come online this year. This list highlights the metro’s top private, REIT and institutional owners, based on unit counts, according to Yardi Matrix data.

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    Based on Yardi Matrix data, the list includes properties in all stages of development at a time when apartment construction in the city is at a 75-year high.

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  • McFarlin Buys Land for Senior Living Community in Phoenix

    In a deal arranged by Avison Young, the company has acquired a nearly 7-acre property where the 80-unit Mariposa Point at Algodon Center will be developed.

    03 April 2017 17:11
  • Fairfield Residential Secures $51M for MD Apartments

    The seven-year, fixed-rate Fannie Mae loan for the 386-unit Rock Spring has three years of interest-only payments and five years of yield maintenance with a 1 percent prepayment penalty afterward.

    16 October 2017 13:52
  • Market Pulse for May 2017

    Commentary and data were supplied by Michael Neal, a senior economist with the National Association of Home Builders (NAHB).

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