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  • Dougherty Closes on St. Louis Affordable Community

    The company has arranged a 35-year term loan for the 95-unit community. The property was built as a hotel in 1963, and in 2007 it was converted to a multifamily community.

    03 April 2017 15:15
  • Economy Watch: U.S. GDP Edges Up in Q1

    A 1.4 percent increase in U.S. real GDP for the first quarter of the year was down from the growth seen in the fourth quarter of 2016, according to the Bureau of Economic Analysis. But consumers remain confident about the state of the U.S. economy.

    29 June 2017 14:30
  • Marcus & Millichap Facilitates $30M Sale of Affordable FL Asset

    Evan Kristol and Felipe Echarte, first vice presidents of investment, represented the seller, a New York-based investment group, and procured the buyer for Cabana Club Apartments, a 332-unit community for seniors in Miami-Dade County.

    21 July 2017 14:55
  • Provident Realty Lands $122M for Historic Houston Mixed-Use

    HFF secured a floating-rate bridge loan through TPG RE Finance Trust. The financing will be used for redeveloping The Star, which will feature 286 units.

    20 September 2017 15:24
  • Lexerd Lands $39M FL Apartments

    Springs at Braden River is a 270-unit garden-style community in Bradenton, Fla. The company acquired it from Continental Properties.

    31 August 2017 19:14
  • Economy Watch: The Least Expensive Apartment Markets

    When comparing rent to income, the Southeast and Southwest regions of the U.S. tend to house the most affordable U.S. apartment markets, according to a new CBRE Research report.

    11 August 2017 12:45
  • Top 10 Apartment Owners in Chicago

    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.

    25 August 2017 16:23
  • Affordable Indiana Community Lands Refi

    The $6.6 million loan will be used to refinance Woodland East Apartments, a 224-unit affordable housing property in Michigan City.

    05 October 2017 13:10
  • Roxborough Acquires First Phoenix Community

    The 168-unit property is located in the Paradise Valley submarket, adjacent to the Paradise Valley Mall. The company tapped Alliance Residential Co. as a third-party manager.

    14 September 2017 13:20
  • Spectrum Breaks Ground on Charleston Development

    The project is being built within the Cainhoy Plantation, a 9,000-acre, grocery-anchored, master-planned development. Leasing is expected to begin next spring, and the development is slotted for completion by fall 2018.

    19 June 2017 16:19