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  • Elite Street Capital Lands Atlanta Apartments

    The company acquired Waterford Point from PointOne Holdings and Biscayne Atlantic. Built in 1989, the 344-unit community is located in Lithia Springs.

    27 September 2017 13:59
  • Berkadia Secures $47M Refi for DC Property

    The proceeds were used to refinance existing debt and to pay off an 8 percent pre-payment penalty. The loan was secured through the HUD 223(a)(7) Loan Program.

    23 October 2017 23:26
  • LA Community Wins 1st WELL Multifamily Certification

    Operated by Proper Hospitality, the 200-unit Hollywood Proper Residences opened in June as part of Kilroy Realty’s Columbia Square development.

    16 August 2017 14:46
  • Cap Rates

    For the first three months of 2017, warehouse cap rates increased by more than 18 basis points, while CBD office decreased by 15.4 basis points.

    19 June 2017 16:58
  • Interra Closes on Chicago Multifamily Deal

    The 43-unit property located in Rogers Park changed hands for $3.9 million. In addition to the residential units, the building offers 1,200 square feet of office space.

    27 June 2017 09:10
  • Electra America Acquires 2nd NC Community

    The 300-unit Raleigh property will be rebranded Level at 401 and undergo common-area, apartment renovations and upgrades.

    22 June 2017 15:48
  • Southwest Houston Apartments Change Hands

    Ilan Investments sold Winding Trails Apartments in Houston to One Real Estate Investment. The 438-unit community was 93 percent occupied at the time of sale.

    01 August 2017 17:03
  • Should Landlords Run Criminal Background Checks?

    A credit check establishes whether an applicant is willing and able to pay rent. For most landlords, running criminal background checks on prospective residents is also a mandatory step in the rental process. However, property owners and managers should find a balance between their safety need and HUD’s inclination to make finding a home easier for people with criminal records.

    30 October 2017 13:59
  • Covenant Sells 272-Unit Atlanta Asset for $32M

    The deal continues the Atlanta market momentum for Covenant Capital Group, following the company’s sale of the 500-unit Viera Briarcliff in June for $76 million. Mike Kemether and Travis Presnell of Cushman & Wakefield worked on behalf of StoneBridge Investments, the seller, while Elliott Throne, Gregg Shapiro and Ware Shipman of HFF secured acquisition financing.

    03 August 2017 18:22
  • St. Paul Eyes 135-Acre Urban Village

    A rezoning plan calls for as many as 4,000 residential units on a site owned by Ford, which is expected to be put on the market by early 2018.

    01 August 2017 14:32