Berkadia arranges $62 million stretch senior loan for acquisition of 568 bed student housing...
Berkadia announces it has secured a $62 million stretch senior loan for the acquisition of Nine East 33rd, a 157-unit/568-bed off-campus student housing property located right across the street from the main entrance of...
The push for rent control
In November 2018, election ballots in California might include a question on rent control. Right now, California law restricts the spread of rent regulations on housing built after 1995, in addition to many older...
WinnCompanies acquires 76 affordable housing units in Passaic, New Jersey
WinnCompanies, an award-winning national developer and manager of apartment communities, announced it has acquired Chestnut Homes, a 76-unit affordable housing community within walking distance of downtown Passaic, New Jersey.
Built in 1983, the townhouse-style community...
JMF Properties, RD Management, and Accurate Builders & Developers close on 14-acre site at...
JMF Properties, RD Management LLC, and Accurate Builders and Developers announced today that the joint venture partnership has closed on a 14-acre site on the former Military Ocean Terminal at Bayonne (MOTBY). The closing...
Investor’s latest sweetheart: workforce housing
There is expected demand for an additional 4.5 million new apartments in the U.S. by 2030, according to data from the Workforce Housing Committee of the National Multifamily Housing Council, Washington.
What’s more, deal activity...
Institutional Property Advisors closes 294-unit multifamily asset in Connecticut
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Westville Village Apartments, a 294-unit apartment complex in New Haven, Connecticut.
“New Haven’s ongoing growth in the educational, biotech and medical...
Gebroe-Hammer’s David Oropeza arranges $14.95 million East Orange portfolio sale
In East Orange, where transportation and connectivity are at the crux of the city’s urban revival, a 113-unit, three-property multifamily portfolio has traded for $14.95M in a sale orchestrated by Gebroe-Hammer Associates. Executive Managing...
Excelsa Properties acquires $105.5 million multifamily community in Laurel, Maryland
Excelsa Properties announced that it has acquired Concord Park at Russett, a 335-unit multifamily property located at 7903 Orion Circle in Laurel, Maryland. The $105.5 million acquisition represents the fourth multifamily property acquisition of...
Supreme Court urged to step in on NYC’s rent-control laws
The Supreme Court is considering a petition to hear a case that challenges New York City’s rent stabilization law as pressure builds from stakeholders who say the law infringes on the rights of property...
Clarus Maplewood luxury rental community is now 100 percent leased
JMF Properties announced today that Clarus Maplewood, the boutique residential community right next to the Maplewood train station, is now 100 percent leased.
Clarus Maplewood opened last summer as the first residential community in New...
Excelsa Properties acquires $78 million multifamily community in Columbia, Maryland
Excelsa Properties has closed on the $78 million purchase of a 325-unit multifamily property located at 5764 Stevens Forest Road in Downtown Columbia, Maryland. The value-add property, Columbia Pointe, was jointly acquired by Excelsa...
Gebroe-Hammer’s Jarvis arranges multi-tranche $80+ million multifamily portfolio sale in Newark, New Jersey
In Newark’s North Ward, Gebroe-Hammer Associates Executive Vice President David Jarvis has finalized a multi-tranche $80+M multifamily portfolio sale totaling 484 units across the Gateway City. A 26-year Newark/North Jersey market specialist, Jarvis exclusively...
460-unit sale of multihousing community between Buffalo and Niagara Falls, NY trades
JLL Capital Markets announced that it has closed the sale of Town Hall Terrace, a 460-unit multihousing community located in Grand Island, New York.
JLL marketed the property on behalf of a private owner who...
The Donaldson Group, Declaration Capital, & Angelo, Gordon acquire 288-unit apartment community in Hyattsville,...
In an off-market transaction, The Donaldson Group of Rockville, MD, New York-based Declaration Capital, and New York-based Angelo, Gordon have acquired Plaza Towers Apartments, a 288-unit high rise apartment community located in Hyattsville, Maryland....
PCCP, LLC provides $22.7 million preferred equity position for the development of a 201-unit...
PCCP, LLC has provided a $22.7 million preferred equity position to Breslin Realty Group and Fields Grade Development for the ground-up development of The Langdon Apartments, a Class A, mid-rise, 201-unit, transit-oriented development located...
