Capital Square acquires luxury multifamily community near Louisville for DST offering
Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced the acquisition of Lyric at Norton Commons, a Class A+, 273-unit mixed-use multifamily...
MBA forecasts a slowing economy
The Mortgage Bankers’ Association (MBA) recently released its Q2 2022 quarterly databook. It contains some data that has been previously discussed here and here, but it also includes new forecasts for key economic metrics...
Recovery in senior housing continues in Q3
An NIC Map Vision summary of the fundamentals of the senior housing industry reports that they are continuing to improve as the recovery from the pandemic continues. Segmenting the market The senior housing market is highly...
Weak report on construction employment in September
The latest Employment Situation Report from the Bureau of Labor Statistics stated that employment in apartment operations jobs was higher in September than reported the month before but employment in residential construction jobs was...
Rent growth flatlines in September
Yardi Matrix reported that national average apartment rent growth stalled in September with rent remaining unchanged from their August level at $1,718 per month. YoY rent growth rate slide continues The national average apartment rent was...
Gortikov Capital arranges $141.4 million recapitalization for affordable multifamily portfolio in Santa Monica, California
Gortikov Capital announced that it has arranged a $141.4 million recapitalization of the Samo Apartments Portfolio, an 11-property, 399-unit affordable multifamily residential portfolio located in Santa Monica, California. The recapitalization included a $127.6 million...
NAA and NMHC statement on Biden Administration’s progress in implementing its Housing Supply Action...
The National Apartment Association (NAA) and National Multifamily Housing Council (NMHC) applaud today’s announcement by the Biden administration, emphasizing additional steps they are taking to execute the Housing Supply Action Plan goals they unveiled...
The Multifamily Group sells 32-unit multifamily asset in Austin
The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week that it had facilitated the sale of Elm Park Apartments, a garden-style 32-unit asset in Austin, Texas. Chris Siemasko represented the...
Institutional Property Advisors facilitates $73.25 million Las Vegas multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Monterra, a 344-unit multifamily property in Las Vegas, Nevada. The $73.25 million sales price equates to $212,936 per unit. “Las Vegas...
JLL arranges $387.5 million sale of New York City multihousing community
JLL’s Capital Markets group announced that it has closed the sale of a $387.5 million multihousing community comprised of 408 market-rate units and 9,693 square feet of commercial space located at 685 1st Ave. in...
Eagle Property Capital and Belay Investment Group announce disposition of Dallas-Fort Worth multifamily asset
Eagle Property Capital Investments, LLC (EPC), a vertically integrated real estate investment manager focused on the value-add multifamily space, announced the disposition of Woodchase & Clarendon, a 266-unit apartment community located in Irving, northwest of...
Interra Realty brokers $9.2 million sale of mixed-use multifamily property in Chicago’s Rogers Park...
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $9.2 million sale of Elevation Lofts, a 40-unit apartment and retail building at 1531 W. Howard St. in Chicago. The...
American Landmark promotes Hale McNinch to Chief Revenue Officer
American Landmark, one of the fastest-growing multifamily owner-operators in the country, has promoted Hale McNinch to the role of Chief Revenue Officer. In this role, McNinch will work out of the Tampa office and...
FCP acquires 297-unit multifamily apartment community in Raleigh, NC for $48 million
FCP announces the $48.0 million acquisition of Grand Arbor Reserve, a 297-unit vintage apartment community at 2419 Wycliff Road, blocks from I-440 in Raleigh, North Carolina. “Grand Arbor Reserve is a well-located asset that provides residents...
Newmark announces sale of Regency at Stone Oak—a 320-unit townhome property in San Antonio
Newmark announces the sale of Regency at Stone Oak, a 320-unit townhome community in north central San Antonio, Texas. Newmark Vice Chairman Patton Jones, Senior Managing Director Matt Michelson and Managing Director Andrew Dickson...
