NAS Investment Solutions Completes Equity Raise in Des Moines Multifamily Property Broadway Apartments in...
NAS Investment Solutions (NASIS), a national sponsor of high-quality real estate investment properties, sold all available investment equity in the company's latest multifamily investment property, Broadway Apartments, in just sixty days from the date...
CBRE Facilitates Sale of Seattle-Area Lakefront Apartment Community 2000 Lake Washington for $53M
2000 Lake Washington, a 186-unit multifamily community in Renton, Washington traded hands in a $53.2 mil ($286k/unit) transaction. The asset was sold by New York Life Real Estate Investors, represented by CBRE.
The property consists...
Unprecedented supply dampens favorable demand trends, says RealPage
Unprecedented apartment supply is dampening favorable demand trends, according to RealPage Analytics. Many owners report lease-up demand does not feel strong at the property level, despite positive demand.
Year-over-year national apartment demand tripled...
Multifamily construction spending trends lower
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in March was down 0.61 percent from the revised level of the month before. Spending on...
NexPoint Completes the Sale of Radbourne Lake Apartment Homes in Charlotte North Carolina
NexPoint Residential Trust, Inc. announced the closing of the sale of Radbourne Lake Apartment Homes in Charlotte, North Carolina, a 225-unit property built in 1991.
Radbourne Lake Apartments features comfortable one-, two-, and three-bedroom apartments...
McGrath Announces Luxury Multifamily Community Near Houston Adora at Rosehill Now Open
McGrath Real Estate Partners announces their latest development, Adora at Rosehill is now open.
Located in the heart of Tomball, the 15.4-acre community was designed to exude old-fashion charm with luxurious amenities and offer unique...
Lion Expands Executive Team with Addition of 30-Year Multifamily Asset Leader Amanda Zinsmeyer
Lion Real Estate Group, LLC ("LREG"), a Dallas-based real estate investment and asset management firm focused on acquiring value-add and opportunistic multifamily properties, continues to expand its executive leadership team. The firm announced Amanda...
DMG Capital and Wayland Real Estate Capital Announce Acquisition of Avondale Apartments in Chicago
DMG Capital, the multifamily investment affiliate of Chicago-based Daniel Management Group (DMG) partnered with Wayland Real Estate Capital to acquire Avondale Apartments located at 4179 W. Belmont.
The building has been professionally managed by DMG...
CSG is Pleased to Announce the Nearly $54M Closing of Preserve at Hanover Park...
Churchill Stateside Group, LLC (“CSG”), a real estate and renewable energy financial services company, is pleased to announce the closing of the Preserve at Hanover Park in Beaufort, South Carolina.
The financing for Preserve at...
Institutional Property Advisors Closes Sale and Arranges Financing for Multifamily Asset Citra in Phoenix
Institutional Property Advisors, a division of Marcus & Millichap, announced the sale and financing of Citra, a boutique, 72-unit apartment property in Phoenix, Arizona.
“The heavily built out Northwest Valley has strong renter demographics and a...
The Multifamily Group Completes the Sale of 80-unit Stepping Stone Apartments in San Antonio
The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced the facilitation of the B-Class Stepping Stone Apartments sale in San Antonio. Paul Yazbeck represented the seller, a trusted local owner with...
MassHousing Arranges $50M in Financing for Substantial Property Improvements for the Clarendon Hill Towers...
Residents living at the 501-unit Clarendon Hill Towers Apartments in Somerville, Massachusetts near Cambridge will have affordable rents preserved and see approximately $13 million in property improvements as a result of $50 million in...
Construction jobs market cools in March
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in March was 8.49 million. This was reported to be down 325,000...
500 PARQ Now Accepting Pre-Leases for Luxury Mixed-Use Multifamily Community in Parsippany
PARQ Builders, LLC proudly announced that its new luxury apartment community, 500 PARQ, is now pre-leasing and accepting move-ins for late May. The community is professionally managed by Greystar.
In addition to 500 PARQ, the...
Garden Communities Delivers Signature Apartment Building One Legacy Place in East Brunswick
Garden Communities has delivered One Legacy Place, the signature multifamily address at Legacy Place, the company’s new, luxury mixed-use development in East Brunswick, New Jersey.
“One Legacy Place is the centerpiece of our community,” said...
