Patrick Murphy

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  • The Senior Housing Boom’s Ripple Effect

    Assisted living occupancy fell to its lowest in eight years, despite record absorption, according to NIC’s 2017 second quarter report. San Jose had the highest occupancy, while Detroit recorded the biggest rent growth.

    15 August 2017 19:31
  • ZOM Living Acquires Charlotte Site

    ZOM Living has closed on the purchase of a 2.76-acre parcel in Charlotte, where the company plans to break ground in early 2018 on Hazel SouthPark.

    12 October 2017 18:38
  • 29SC Expands Into Sacramento With 110-Unit Community

    The company plans to spend $1.3 million in capital improvements in the property located in Citrus Heights, Calif., a submarket with a more than 8 percent rental rate growth.

    20 June 2017 16:42
  • Renovating the Right Way

    Do you know what steps should be taken to figure out which upgrades work best for your property? Jay Madary, president & CEO of JVM Realty Corp., offers advice and best practices.

    26 June 2017 15:32
  • Market Remains Healthy Despite Slight Dip in Rents

    July posted a 2.6 percent year-over-year increase, even after a slight decline from June, according to Yardi Matrix. So far this year, rents are up 2.7 percent compared to 2016.

    02 August 2017 15:24
  • Investment Sales

    Transaction volume value in the prior 12 months for all the property types was $447.9 billion, with garden apartments commanding the highest value at $97.5 billion. Mid- and high-rise and garden apartments represented 33 percent of the total transaction volume in the past year.

    14 April 2017 16:06
  • Berkadia Leads Sale of 192-Bed Kansas Community

    The company arranged the $6.9 million sale on behalf of the seller. The 84-unit student housing property services Butler Community College.

    08 August 2017 20:45
  • Dougherty Secured Loan for New Brighton Community

    The company closed a $1.6 million Fannie Mae loan for a two-building multifamily property in New Brighton, Minn. The community was 99.1 percent occupied as of March.

    08 May 2017 08:54
  • Dallas: Corporate Juggernaut

    The DFW metro continues to achieve some of the fastest job and household growth rates in the U.S. The area’s economy is among the most diverse in the country and added 145,000 residents in 2016 alone.

    25 July 2017 08:03
  • Far South Houston Community Changes Hands

    Highland Capital Management sold Regatta Bay Apartments, a 240-unit community in Seabrook, Texas, to Lloyd Jones Capital. This is the eleventh Texas property operated by the new owner.

    19 July 2017 17:34