Rent growth continues apace in June
The latest rent report from Apartment List shows that the national average apartment rent rose in June, increasing 1.3 percent month-over-month and 14.1 percent year-over-year. While still very strong, the year-over-year rate is down...
Institutional Property Advisors brokers Southern Arizona multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Port Royale, a 252-unit multifamily property in Sierra Vista, Arizona. The $46.5 million sales price equates to $184,524 per unit. “Southern...
NAHB Power Hitters with Audra Hamernik
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Audra Hamernik, President and CEO of Nevada HAND. Transcript: NAHB Power Hitters interview. Linda Hoffman with Tom Skaar, recorded June 16, 2022 (music) Linda Hoffman:...
Interra Realty brokers $6.725 million sale of multifamily property in Chicago’s Budlong Woods Neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of 2713-2737 W. Berwyn Ave., a pair of adjacent courtyard buildings totaling 42 units in the Budlong Woods neighborhood...
American Landmark acquires apartments in Atlanta
American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired 2050 Morningside, a 198-unit apartment community located in the Morningside/Lenox Park neighborhood of Atlanta, Ga. “2050 Morningside is a...
Cushman & Wakefield arranges sale of Park on 23rd
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Park on 23rd, a 98-unit multifamily property located in the Pell City neighborhood of the Birmingham metro area. Cushman &...
How are SFR residents different?
A presentation at the National Apartment Association’s (NAA) Apartmentalize conference last week in San Diego discussed the differences between the single-family and multifamily rental markets. One aspect of this comparison was the differences between...
Kidder Mathews sells 120 total units in South Tacoma, Washington
Coventry Court IV Apartments, a garden-style apartment totaling 100 units located at 908 76th Street Court East in Tacoma, Washington, sold for $21,150,000 in an on-market sale by Kidder Mathews. The seller was an...
DB Capital acquires second multifamily property in Denver Metro in a month, expanding its...
DB Capital Management (DB Capital) has acquired its second multifamily asset in the Denver metro in the last month with the purchase of Gardens on Paris, a 149-unit apartment community is Aurora, Colorado, for...
PCCP, LLC provides senior loan for the acquisition and renovation of a 180-unit apartment...
PCCP, LLC has provided a senior loan to a joint venture between funds managed by Oaktree Capital Management, L.P. and Security Properties for the acquisition and renovation of River Ridge Apartments located at 17865...
Cushman & Wakefield arranges sale & financing of Oasis at Belmont multifamily community
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Oasis at Belmont Park, a 234-unit apartment community located in Manatee County at 4300 18th St. W. Nick Meoli and...
100-unit Summit on Thomas Apartments in Phoenix sell for $21 million
The Summit on Thomas apartments in Phoenix have been sold to Cowabunga, LLC for $21 million. Cowabunga is a private capital family office focused on the acquisition of urban infill sustainable communities throughout Phoenix....
ABI Multifamily brokers 34-unit Northwest Phoenix apartment community for $9.5 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $9,500,000 / $279,412 Per Unit / $376.15 Per SF sale of Urbana at Hayward, a...
Institutional Property Advisors closes multifamily asset sale in New York’s Capital District
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Country Gardens Apartments, a 168-unit multifamily asset in Troy, New York. “Owned by the same family since its construction in 1985,...
Parkview Financial provides $22.5 million loan for the redevelopment of former American Red Cross...
Parkview Financial announced it has provided a $22.5 million loan to EPT Holdings, LLC for a mixed-use redevelopment project located at 2225 3rd Avenue North in Birmingham, AL. Built in 1947, the five-story property...
