Michael Tortorici

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  • Creating the Blend

    Versatile HTG Brings Fresh Approaches to Affordable Communities. Since its founding more than 20 years ago, Coconut Grove, Fla.-based Housing Trust Group has completed upward of $2 billion worth of transactions. HTG’s 5,900-unit portfolio spans Florida, the Southeast and Arizona, and includes market-rate, affordable and student communities. Its development pipeline exceeds $235 million. HTG President & CEO Matthew Rieger recently discussed development, affordable housing and strategy with MHN.

    02 May 2017 11:26
  • C&W to Market Luxury Boca Raton Community

    Located at 850 Broken Sound Parkway, the community was completed earlier this year and features a mix of five-story elevator mid-rise buildings and two-story garage townhome units.

    04 October 2017 14:16
  • Lower Average Loan Sizes Are Likely

    Rising interest rates have yet to strongly impact the multifamily market, as specialists are confident the market will continue to see healthy fundamentals in the near future. While loan origination volumes are expected to stay up, the average value of credit facilities might dip.

    01 August 2017 20:39
  • Monument Capital Management Nabs Tucson Community

    The newly acquired asset will add 272 units to the company’s portfolio. The new owner is planning to implement value-add improvements.

    10 May 2017 12:30
  • U.S. Equity REITs

    Among the U.S. multifamily-focused REITs, NexPoint Residential Trust, Inc. delivered the highest one-year total return of 78.7 percent.

    19 June 2017 20:01
  • Manhattan Valley Portfolio Sells for $52M

    Eastern Consolidated recently brokered the sale of a four-building multifamily portfolio comprising 100 apartments located at 60-68 W. 107th St., on New York City’s Upper West Side.

    15 May 2017 14:17
  • 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
  • MedEquities Buys CT Skilled Nursing Facility from Prospect Medical

    Prospect ECHN Eldercare Services Inc. leased the 65,000-square-foot property in Tolland, Conn., which changed hands for an aggregate cash price of $10 million.

    10 July 2017 16:45
  • Santa Ana Asset Trades for $20M

    Marcus & Millichap announced the sale of Sherry Lane Garden Homes. The 62-unit apartment traded for $19.8 million.

    05 October 2017 22:22
  • What Do Millennials Want?

    They’re the largest renter population, so it’s important to appeal to this age group. This month, MHN and Kingsley Associates explore what these residents think of their communities.

    06 June 2017 18:26