Northwood Ravin

Enterprise Homes Triples Footprint with Mid-Atlantic Buy

Acquired from The Shelter Group, the portfolio comprises 43 communities in Pennsylvania, Maryland and Virginia. Enterprise plans to keep the properties affordable.

Next on Sixth: Competition in Koreatown

How do you stand out in a rapidly growing market? How about adding a mini Target? That’s a key feature of NEXT on Sixth, an apartment building under construction at 600 S. Virgil Ave. in Los Angeles’ rapidly gentrifying Koreatown.

TH Real Estate Picks Up 228-Unit FL Community

The Nuveen affiliate acquired The Atlantic at East Delray in Delray Beach for $54.3 million. An ARA Newmark team represented the seller in this transaction, a joint venture between Pollack Shores and its equity partner.

Cybersecurity

Berkadia: Student Housing Pre-leasing Rates Still Robust

According to the company's recent report, pre-leasing rates across the country were higher than any year since before 2012 as of the end of April.

Bijou, Intercontinental Launch NJ Mixed-Use Development

The joint venture's 424-unit Hoboken community includes a state-of-the-art public gymnasium, two-acre resiliency park and other luxury amenities.

Passco Invests $102M in Key West

The company purchased the 297-unit Ocean Walk Apartments from a joint venture of Mast Capital and Rockpoint Group. ARA Newmark represented both the buyer and seller.

Dougherty Secures $14M HUD Loan for Minneapolis Community

The company secured a 35-year term loan for Prairie Meadows Townhomes, a community located in Eden Prairie, Minn. The property consists of 168 fully affordable units.

Rent Growth

Rents were up 2.7% nationwide in March, down 10 basis points from February and exactly half the 5.4% growth rate of a year ago.

Transactions: June 2017

The following is a list of transactions that were announced between March 28 and April 24, 2017. To have your transaction featured, submit details to Mallory.bulman@cpe-mhn.com.