Institutional Property Advisors closes North Dallas multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Presidio, a 202-unit multifamily asset in Allen, Texas, a high-growth northern Dallas suburb. “Situated just off Interstate 75 and equidistant from...
Monument Capital Management (MCM) sells Park West Apartments in Greenville, SC for $39 million
Monument Capital Management (MCM), an A-Rod Corp company and one of the country’s premier fully integrated real estate investment firms, announced the sale of Park West Apartments in Greenville, SC. The sale price was...
Marcus & Millichap negotiates metroplex multifamily sale
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Pleasant Creek, a 159-unit apartment complex in Lancaster, Texas. “Dallas-Fort Worth has...
Universe Holdings acquires $53.370 million multifamily property in California’s Inland Empire
Universe Holdings has acquired the Stonegate Apartments (Stonegate), a 160-unit multifamily community in Southern California’s Inland Empire city of Riverside, in an off-market transaction worth $53.370 million. Built in 1987, Stonegate offers a mix of...
RADCO acquires Gibson Reynoldstown Apartments in Atlanta, property rebranded as Gibson by Radius
The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate investors and owner-operators, has acquired Gibson Reynoldstown Apartments, a newly constructed 205-unit mid-rise multifamily property in the Reynoldstown neighborhood of Atlanta, a...
Capital Square acquires two-property multifamily portfolio in Asheville, North Carolina for DST Offering
Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and a developer of mixed-use multifamily communities, today announced the acquisition of Asheville NC Apartment Portfolio, a two-property multifamily portfolio comprised...
NAHB Power Hitters with Bob Landis
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Bob Landis, senior vice president of syndication for CAHEC. Transcript: NAHB Power Hitters interview. Linda Hoffman with Bob Landis, recorded August 18, 2022 (music) Linda...
Standard Communities leads public-private partnership acquiring 148 unit mixed income community in Chicago
Standard Communities, a major national affordable housing developer and investor, led a public-private partnership that acquired Lake Park Crescent Apartments, a 148-unit mixed income community in Chicago. The total capitalization of the transaction is approximately...
NMHC names Sharon Wilson Géno president
The National Multifamily Housing Council (NMHC) named Sharon Wilson Géno, a 30-year veteran of the housing industry, as the organization’s President-Elect effective October 11. Wilson Géno will assume the role of President from Doug...
CoStar reports multifamily property prices fall in July
CoStar reported that its value-weighted index of multifamily property prices increased 17.7 percent year-over-year in July 2022. The index fell 1.1 percent month-over-month. The combined value-weighted index of non-multifamily commercial property rose by 6.0 percent,...
Sale of student housing community at the University of Mississippi closes
JLL Capital Markets announced that it has closed the sale of the 816-bed / 300-unit The Connection at Oxford located on the campus of the University of Mississippi. JLL worked on behalf of the seller,...
Shift in single-family home building toward smaller markets continues
New findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) show a shift in home building activity over the past 30 months, with notable slowing in large, metro urban...
Thompson Thrift announces sale of Watermark at Grand Central Park near Houston
Thompson Thrift, a full-service nationally recognized real estate company, announced the sale of Watermark at Grand Central Park, a 288-unit Class A multifamily community in the Houston suburb of Conroe. San Diego-based CEG Multifamily...
Berkadia arranges sale and financing of build-for-rent community in Broward County
Berkadia announces it has arranged the sale and financing of Stellar at Palm Aire, a new build-for-rent community consisting of 39 townhomes located in the center of the Palm Aire Country Club in Pompano...
Mixed employment report in August
The latest Employment Situation Report from the Bureau of Labor Statistics said that employment in residential construction jobs was higher than in the prior month but that employment in apartment operations jobs fell. Overall jobs...
