Rate Desk Wednesday, July 1, 2020
July 1, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. What’s the wellness level of your communities? Do they include things like walking Zen gardens and water features? Rate Desk notes July...
Emotional support animal vs person with allergies: Who wins?
The Iowa State Supreme Court looked at a conflict between two people, both requesting "reasonable accommodation," in a recent ruling. Origins of the conflict Karen Cohen has a severe allergy to pet dander. Because of this,...
The RADCO Companies sells Mabry Manor apartment community in Tampa, Florida to TLR Group...
The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announces the sale of Mabry Manor, a 372-unit B class multifamily apartment community in Tampa, FL, to TLR Group for the...
CBRE sells Pynchon Terrace and Edgewater Apartments for $76 million
CBRE announced the sale of Pynchon Terrace and Edgewater Apartments located at 101 Lowell Street in Springfield, Massachusetts, for $76,000,000. CBRE Capital Markets’ multihousing experts Simon Butler, Biria St. John and John McLaughlin and the...
Rate Desk Tuesday, June 30, 2020
June 30, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Indices breaking quarterly records and the Emergency Affordable Housing Act posed to free up $73 million in new equity. Rate Desk notes...
HUD awards over $40 million to fight housing discrimination
The U.S. Department of Housing and Urban Development (HUD) awarded $40.8 million to support dozens of fair housing organizations working to help end housing discrimination (see grant chart below for full list of recipients)....
Affordability extended for lower-income senior citizens at Newton Housing Community as a result of...
MassHousing has provided $8.1 million in affordable housing financing to the non-profit Newton Community Development Foundation (NCDF), to preserve an d extend the affordability for lower-income senior citizens for at least 20 years at the 43-unit Casselman House in Newton. “We were pleased to work...
Fully entitled development site in Durham sells for $10.9 million
JLL Capital Markets announced it has closed the $10.9 million sale of Davis Park East, a 21.07-acre, shovel-ready, multihousing development site adjacent to the Research Triangle Park node in Durham, North Carolina. JLL marketed the...
McShane completes Parc at Pooler Luxury apartments near Savannah, Georgia
McShane Construction Company completed the construction of a new luxury apartment community, known as Parc at Pooler, on behalf of Equity Resources, LLC. Located on 21 acres at 2200 Old Quacco Road in Pooler,...
Rate Desk Monday, June 29, 2020
June 29, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. FFHA extended MF owners GSE forbearance to 6 months with caveats to resident back rent payments. Rate Desk notes June 29, 2020 ...
WestCorp Management Group appoints Jed Weidauer director of business development
Henderson based multifamily management firm WestCorp Management Group has appointed Jed Weidauer director of business development. Weidauer has been with the company since 2011 with responsibilities including management, openings and lease ups of WestCorp’s...
Apartment industry statement on the Emergency Housing Protections and Relief Act of 2020
The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) thank members of Congress for their continued focus on supporting apartment residents and the multifamily industry as we continue to confront unprecedented...
The Babb Group arranges the sale of 6-unit apartment building in Hyde Park
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 2608 West Swann Avenue, a 6-unit apartment property located in Tampa,...
Ambling sells $106 million affordable housing portfolio
JLL Capital Markets announced that it has closed the final transaction of a 20-property Project-Based Section 8 (HAP) portfolio sale totaling 1,763 units and $106 million across Georgia, North Carolina and South Carolina. JLL marketed...
JLL secures $27.5 million refinancing through Fannie Mae
JLL Capital Markets announced that it has arranged $27.5 million in financing for Harmony Heights Apartments and Stoney Creek Apartments, two garden-style multihousing communities totaling 533 units in Rapid City, South Dakota. JLL worked on...
