Patrick Simons

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  • Historic DC Student Housing Starts Makeover

    After housing government workers in wartime and serving generations of students, two historic dormitories in the nation's capital will get a third life as market-rate communities.

    11 September 2017 03:49
  • City Crossing: Affordable Housing’s New Face

    When WinnDevelopment acquired Brunswick Estates in 2015, the Jersey City, N.J., asset was sorely lacking in curb appeal, with serious physical, financial and operational issues to boot. While that would have been a nightmare for some developers, the affordable asset was a perfect opportunity for Winn.

    05 September 2017 12:16
  • 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.

    07 August 2017 15:44
  • Economy Watch: Apartment Rents Stabilize in Summer

    The national median rent increased in September to its highest point of 2017, hitting $1,018, according to a recent ABODO report. However, the increase is only up a bit from January, when the median was $1,016.

    06 September 2017 13:33
  • SummerHill Wraps Santa Clara Luxury Community

    The company broke ground on the 186-unit property designed by KTGY Architecture + Planning at the end of 2014. The four-story property features one- and two-bedroom luxury apartments ranging from 758 to 1,378 square feet.

    08 May 2017 16:44
  • Chicago Rents Inch Up; Highest Increase in Douglas Neighborhood

    2016 was a year of moderate rent increases in the city of Chicago. The average price for a rental in Chicago went up 5.9 percent year-over-year, closing the year at $1,738/month.

    22 May 2017 20:05
  • TruAmerica Makes 3rd FL Investment

    The company purchased the metro Miami community from a joint venture of Robbins Electra and LEM Capital. It plans on making significant upgrades to all unit interiors as well as amenity spaces.

    06 July 2017 15:21
  • High Street Residential Opens Foundry Lake Street

    The Class A community is 54 percent leased and 45 percent occupied. Foundry on Lake Street features 5,000 square feet of indoor restaurant space.

    03 August 2017 18:13
  • Population Growth Sustains Demand in Nashville

    The city is slowly diversifying its economy, venturing from reliance on the entertainment industry. In response to the growing demand, developers are ramping up construction, with more than 13,000 units underway as of July.

    03 October 2017 13:46
  • CityView, Dinerstein to Develop CO Luxury Apartments

    The proposed 350-unit, Class A development will be replacing an underutilized retail center at the site. Groundbreaking is scheduled for August 2017 and completion for mid-2019.

    19 July 2017 15:15