Rick Fedrizzi

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  • IRT Acquires 328-Unit Raleigh-Durham Community

    Previously managing the property on behalf of RAIT Financial Trust, the company recently acquired the asset for $43 million. The community is located in the Raleigh-Durham market, in close proximity to prestigious universities and major employers.

    12 July 2017 18:23
  • Strategic Management in Downtown Detroit

    After more than 20 years, Broder & Sachse ended most of its third-party property management contracts to concentrate mostly on property development. CEO Rich Broder discusses company’s strategy and the state of multifamily in the Detroit area.

    28 June 2017 19:26
  • Mixed-Income Community Breaks Ground in MA

    A joint venture is developing Mass+Main, a $190 million project that will feature 248 market-rate and 60 affordable units. The property is slated for a mid-2020 completion.

    17 November 2017 16:11
  • Fairfield Residential Secures $51M for MD Apartments

    The seven-year, fixed-rate Fannie Mae loan for the 386-unit Rock Spring has three years of interest-only payments and five years of yield maintenance with a 1 percent prepayment penalty afterward.

    16 October 2017 13:52
  • Economy Watch: State Unemployment Rates Mostly Stable in October

    Compared with the month before, jobless rates were lower in October in 12 states and higher in only one state, according to the Bureau of Labor Statistics' latest jobs report.

    20 November 2017 15:20
  • Lightstone Launching Amenity-Loaded Queens Community

    Located in Long Island City, ARC will feature 428 units and more than 50,000 square feet of indoor and outdoor amenities, including a salt-water pool, private and collaborative workspaces and a lifestyle director.

    14 July 2017 14:55
  • On the Market: 5 Interesting Listings for the Week of 5/1

    This week's listings include a Katy, Texas, property situated on 13 acres and a modern luxury condo development with full entitlements in Scottsdale, Ariz.

    05 May 2017 14:39
  • Leasing Starts at Murray Hill Marquis Luxury Apartments

    The former boutique hotel is being converted into 260 modern no-fee studio and one-bedroom apartments, with rents ranging from $2,575 to $3,450 per month.

    17 August 2017 15:27
  • NEI Completes Phase II of Boston Redevelopment

    The company developed a 39-unit affordable community in the property, part of an initiative to transform as many as 11 acres of vacant lots in Boston into a mixed-use, transit-oriented development.

    25 May 2017 15:46
  • California Investor Expands Texas Portfolio

    Creative Realty Partners acquired a 117-unit Dallas multifamily asset from Wellington Realty. The sale was subject to a $5.8 million loan from Hunt Mortgage Group.

    18 July 2017 12:10