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    The purchase was made on behalf of Continental Realty Fund IV LP. This represents the fifth residential community and ninth asset purchased by the fund, as well as the first in Tennessee.

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    While Fed Chair Janet Yellen has suggested the potential for multiple rate hikes through 2018, several factors should influence her plan to be implemented with caution, argues Stepp Commercial Vice President Mark Ventre.

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  • MRES Launches Student Housing Division

    The company has received its first student housing management assignment: The Vault at Statesboro, a 132-unit community in Statesboro, Ga.

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    The multifamily industry has experienced a recent boom. But with a risk of oversaturation in some markets, development is slowing and deliveries are expected to peak.

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  • Jefferson Apartment Group Acquires Suburban Boston Asset

    One Upland, in Norwood, Mass., includes 262 units. The property was built by Campanelli and Thorndike Development in 2016.

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    Year-over-year, the biggest cap rate growth for residential properties was 31.2 basis points for mid- and high-rise apartment properties.

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  • Newly Built FL Community Lands $43M Refi

    The new loan assumes part of the original construction loan and provides additional financing to cover the stabilization of the property. Berkadia arranged the deal on behalf of the borrower.

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    Located in the borough's Brighton Beach neighborhood, the updated Shorecrest Towers at Trump Village includes a series of high-end unit upgrades and new lifestyle amenities.

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    More architects and developers are turning to adaptive reuse as a solution to some of the problems facing the built environment.

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