High Street Residential hires Kevin Hickman as SVP focused on multifamily development in Dallas
High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, announces that Kevin Hickman has joined the firm as Senior Vice President. In this role, Kevin is responsible for the origination, underwriting, financing,...
Multifamily property prices continue sharp rise in January
A new report from Real Capital Analytics (RCA) said that multifamily property prices rose 22.5 percent year-over-year in January and that they rose 1.9 percent from the month before. Defining CPPI Real Capital Analytics tracks an...
Stepp Commercial completes $4.375 million sale of a 13-unit apartment property in Eastside Long...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.375 million sale of a 13-unit apartment property located at 907-927 Grand Avenue in the Eastside submarket of Long...
Multifamily construction sentiment ends Q4 on positive note
Confidence in the market for new multifamily housing improved in the fourth quarter of 2021, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The...
Trez Capital commits to 304-unit development project in San Marcos, Texas
Trez Capital announces the closing of an equity investment in partnership with Thompson Realty Capital, LLC for the development of a garden-style multifamily project in San Marcos to be called La Cima. With a...
DB Capital acquires 71-unit apartment community in Downtown Salt Lake City
Multifamily investment firm DB Capital Management (DB Capital) continues to expand its Utah presence with the acquisition of Marmalade Hill, a 71-unit apartment complex in downtown Salt Lake City for $18.6 million. Located less than...
Fannie Mae forecasts higher inflation ahead
Fannie Mae’s February economic and housing forecasts call for marginally higher multifamily housing production in 2022 and 2023 than in earlier forecasts. Other forecasts for 2022 call for slightly lower GDP growth and slightly...
Institutional Property Advisors negotiates Inland Empire multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of ReNew Riverside, a 128-unit apartment complex in Riverside, California. The property sold for $35.35 million, which equates to $276,171 per...
Refinancing secured for a Pennsylvania multihousing community
JLL Capital Markets announced that it has arranged a refinancing for Flats at Lansdale, a 180-unit, luxury multihousing community located in Lansdale, Pennsylvania. JLL worked on behalf of the borrower, a joint venture between White...
FCP acquires Avery Townhomes in Atlanta for $32 million
FCP announces the acquisition of Avery Townhomes in the Atlanta submarket of College Park, GA for $32 million. The 220-unit apartment community at 2609 Charlestown Drive features close proximity to south Atlanta’s largest employment centers,...
Institutional Property Advisors brokers Northwest San Antonio apartment asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Verandas at Shavano, a 288-unit multifamily asset in the Far Northwest submarket of San Antonio, Texas. “San Antonio’s high quality of...
Cushman & Wakefield arranges $28.25 million sale of The Six multifamily community
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Six, a 92-unit apartment community located in Charleston. The sale price was $28.25 million, equating to more...
Multifamily housing unit completions lower in January
The Census Bureau’s new residential construction report for January showed high levels of multifamily permit issuance and unit starts, but completions continue to lag. Multifamily housing permits remain at high level The number of permits issued...
The Multifamily Group brokers 137 units in Killeen, Texas
The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week that it had facilitated the sale of Country Place Apartments in Killeen. Jon Krebbs represented the seller and procured the...
Kairos Investment Management Company acquires 238-unit affordable multifamily property in competitive market of Northern...
Kairos Investment Management Company (KIMC), a firm that focuses on value-based real estate investments with favorable risk/reward characteristics, has acquired Walton Crossing, a 238-unit affordable multifamily community in the Atlanta metropolitan area of Austell,...
