Institutional Property Advisors brokers $150 million luxury multifamily asset sale in Scottsdale, Arizona
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of SeventyOne15 McDowell, a newly built, 274-unit multifamily asset in Scottsdale, Arizona. The property sold for $150 million, or $547,445 per...
Tracking excess savings
A report from Oxford Economics assesses the current state of the excess savings accumulated by American consumers during the pandemic. Access to these savings is helping to support current consumer spending, including on housing. Legacy...
Berkadia arranges sale of Class A multifamily community in West Houston
Berkadia announces it has arranged the sale of Oasis at Piney Point, a 318-unit, Class A apartment community located near the Galleria and Westchase submarkets of Houston, Texas. Managing Director Jeffrey Skipworth, Senior Managing...
Avanti Residential acquires 341-unit Artistry Apartments in Kansas City
Nationwide multifamily investor and operator Avanti Residential has acquired Artistry Apartments, a 341-unit Class-A apartment community in Kansas City, Missouri, for $94 million. The purchase marks Avanti’s seventh investment in the Kansas City metropolitan...
Stepp Commercial completes $6.64 million sale of a 22-unit apartment property in Bixby Knolls...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $6.64 million sale of a value-add 22-unit apartment property located at 4114 to 4118 Elm Avenue in the Bixby...
PCCP, LLC provides $13.25 million preferred equity investment to finance construction of 162-unit multifamily...
PCCP, LLC announced it has provided a $13.25 million preferred equity investment to Timberlane Partners to finance the construction of Sumner Apartments, a 162-unit garden-style multifamily community located at 16017 60th Street in Sumner,...
DB Capital purchases 296-unit multifamily community in Las Vegas for $64 million
Multifamily investment firm DB Capital Management (DB Capital) has made its entry into the Las Vegas market with the $64 million acquisition of the Boulevard, a 296-unit apartment community located just 20 minutes from...
Financing secured for premier mixed-use project in Oklahoma City
JLL Capital Markets announced that it has arranged over $100 million in construction financing for OAK, a transformative mixed-use development in Oklahoma City. Phase I of OAK will include 320-residential units, a 133-key locally...
SFR rent growth down from recent highs
A report from CoreLogic, a data and analytics company, states that the rate of rent growth in the single-family rental (SFR) market fell in August for the fourth month in a row, reaching 11.4...
Nashville apartment building trades for $86.625 million
JLL Capital Markets announced that it has closed the $86.625 million acquisition of and the $54.5 million dollar financing for Abberly Foundry, a five-story, 231-unit multihousing community, formerly known as Alta Foundry in Nashville,...
Marcus & Millichap brokers the sale of a 118-bed student housing portfolio in Tallahassee...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Brooklyn Yard Portfolio, a 118-bed, 54-unit, student housing portfolio located in...
Student housing preleasing sets record in 2022
Yardi Matrix recently provided updates on the student housing market, both in the form of a report and also in the form of a webinar. The report covered the student housing market fundamentals while...
CBRE arranges $31 million sale of 156-unit Grand Pointe Park in Poughkeepsie, New York
Representatives of CBRE, led by Jeff Dunne, Richard Gatto, Fahri Ozturk, Eric Apfel, Stuart MacKenzie, and Zach McHale, announced the $31 million sale of Grand Pointe Park, a 156-unit multifamily community in Poughkeepsie, New...
Pulse Survey finds lower rent delinquencies
The “Week 49” edition of the Census Bureau’s Pulse Survey shows that the portion of renters who are behind on their rent payments has fallen to a new survey low of 12.3 percent. What is...
Multifamily property price growth rate down in September
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices rose 15.9 percent year-over-year in September and that they rose 0.2 percent from the month before. The year-over-year...
