ECI Group names Eric Fenton Vice President of Development
ECI Group, an Atlanta-based, privately owned, multifamily owner and developer, welcomes longtime multifamily development executive, Eric Fenton, to the company, where he will lead their multifamily development platform in Florida.
“We are very excited to...
MassHousing closes on $23.6 million in tax-exempt financing for newly built 108-unit mixed-income apartment...
MassHousing has closed on $23.6 million in affordable housing financing to Princeton Properties and Parse Capital. The MassHousing permanent financing supports affordability at the Mill and 3 Apartments, a 108-unit, mixed-income apartment community in...
NYC rent declines surpass those of the great recession
New York City rents have fallen more this year than they did during the Great Recession, according to StreetEasy's November 2020 Market Reports.
Driven by the Covid-19 pandemic, Manhattan rents dropped the most out of the three boroughs...
Azora and Advenir Strike $3B Partnership to Invest in Rental Units
Azora and Advenir are teaming up in a $3 billion collaboration, called Advenir Azora to invest in rental units.
The two management firms will pour the capital into key markets across the states, they announced...
Tower Capital Arranges $51.5M in Construction Financing for Phoenix West Valley BTR Development Skyview...
Tower Capital arranged $51.5 million in non-recourse construction financing for the development of Skyview by Zen, a 190-unit Build-to-Rent (BTR) community in Phoenix’s West Valley. Tower Capital’s Kyle McDonough, Managing Partner and Co-Founder, and...
Infographic: C19 just the facts
Real guarantee: No models were used in the production of this report.
50% of those who contract the coronavirus are asymptomatic
80% of all coronavirus cases are mild according to the most recent studies...
MassHousing closes on $22.6 million in financing to create a new, 76-unit affordable housing...
MassHousing has closed on a total of $22.6 million in affordable housing financing to the Planning Office for Urban Affairs (POUA) and Caribbean Integration Community Development (CICD) for the construction of the 76-unit Cote Village housing community in Mattapan.
The Planning Office for Urban Affairs and CICD...
San Diego County multifamily asset sold by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Serena Vista, a 110-unit multifamily asset in the San Diego submarket of La Mesa, California. The property sold for...
Argyle Real Estate Partners Enters Charleston MSA with the Acquisition of Newbrook Point Hope
Argyle Real Estate Partners (Argyle), a real estate investment firm focused on multifamily acquisitions in the Southeast and Texas, announced the closing of Newbrook Point Hope, a 264-unit community located in Charleston, South Carolina,...
Pretium to Acquire BH Management Services to Expand Residential Real Estate Footprint
Pretium, a specialized investment firm with more than $50 billion in assets under management, announced that it has agreed to acquire BH Management Services, one of the nation's premier property management platforms in multifamily,...
NMHC top 50 lists released
The National Multifamily Housing Council (NMHC) released its list of the largest firms in the US multifamily housing industry. The firms are ranked by units in buildings with 5 or more units. The results...
Marcus & Millichap Arranges the $6.6 Million Sale of a New Haven Three-Property Multifamily...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 91, 95 and 97 Howe Street, a 44-unit contiguous apartment...
Avanath Capital Management acquires 256-unit mixed-use, mixed-income multifamily community in Chicago for $119 million
Avanath Capital Management LLC, a multifamily owner and operator that primarily focuses on affordable and workforce housing, announces that it has acquired Lincoln Park Plaza, a 256-unit mixed-use, mixed-income multifamily community with ground-floor retail,...
Multifamily CMBS delinquency rate lower in February
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans declined slightly in February, falling 10 basis points.
Overall CBMS delinquency rate declines
For delinquencies, Trepp focuses on loans that are 30 or more...
Bela Flor Sells Bella Encanta a Mesa Arizona Build-to-Rent Community for $450K Per Unit
Bela Flor Communities has completed the sale of Bella Encanta, a 212-unit build-to-rent (BTR) home community located in Mesa, Arizona. The property was acquired by a global institutional investor for $95.75 million, amounting to...
