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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

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,...
Mabry Manor

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...
Pynchon Terrace and Edgewater Apartments

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...
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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)....
Casselman House Newton

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...
Davis Park East Site

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...
Parc at Pooler

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,...
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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 ...
Jed Weidauer

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...
2608 West Swann Avenue

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,...
Calhoun Gardens

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...
Stoney Creek Apartments

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...
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