Stonebridge acquires 242-unit Durham, NC apartment community for $56 million
StoneBridge Investments of Washington, DC, has acquired Haven at Patterson Place, a 242-unit rental apartment community in Durham, NC, for $56.2 million. Howard Jenkins and Kevin Kempf of CBRE Southeast Multifamily represented the seller,...
Multifamily property prices rise at record rate
The latest CoStar report on the changes in the prices of commercial property in the United States said that the quarterly index of multifamily property prices rose 15.6 percent over the last 12 months....
Infographic: Demographic shift toward lower taxes, free economies
While data collection does not include specifics on why people move, data scientists have drawn a correlation between low-tax, low-cost states and population growth. +0.1% U.S. population growth (July y/y) at an all-time historic low Why? ...
Infographic: Regulations rising
The National Association of Home Builders and the National Multifamily Housing Council found that regulations imposed by all levels of government (local, state, federal) account for 32.1 percent of the cost of an average...
Infographic: The great debt reset
In a recent NAHB Power Hitters episode, top economist, Robert Dietz cited student debt payment freezes as one reason for record levels of cash in the economy. There’s a lot happening around student debt,...
ABI Multifamily brokers 21-unit South Scottsdale multifamily apartment community for $7 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $7,000,000 / $333,333 Per Unit / $338.16 Per SF sale of Bella Villas Apartments, a...
$37 million in refinancing secured for a multihousing portfolio in Florida
JLL Capital Markets announced that it has arranged refinancing in the aggregate amount of $37 million for a four-property, 460-unit multihousing portfolio located in Gainesville, Florida. JLL worked on behalf of the borrower, American Commercial...
Haven Realty Capital surpasses $1.1 billion in build-to-rent portfolio value
Haven Realty Capital, one of the most active investor/operators of build-to-rent (BTR) communities in the United States, has surpassed $1.1 billion in controlled BTR assets, achieving the milestone in less than 15 months. Leveraging more...
FCP announces $56.2 million sale of Haven at Patterson Place apartments in Durham, North...
FCP announces the sale of Haven at Patterson Place apartments in Durham, NC for $56.2 million. The 242-unit apartment community was acquired by FCP in November 2015 for $24.6 million. “We are pleased with the successful...
American Landmark acquires Charlotte apartments
American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired the Delaney Apartments in Concord, a suburb to the northeast of Charlotte, N.C. The property has been renamed...
Stepp Commercial completes $6.3 million sale of a 16-unit apartment property in the 4th...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $6.3 million sale of a 16-unit apartment property located at 445-455 Rose Avenue in the 4th Street / Retro...
January apartment market conditions show improvement
Apartment market conditions generally improved according to the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for January 2022. The Market Tightness (69), Sales Volume (59), and Equity Financing (67) indexes all...
Middleburg Communities welcomes Heath Flowers as Chief Technology Officer
Middleburg Communities welcomes Heath Flowers as Chief Technology Officer, with overall responsibility for technology operations and strategies for the company. His primary responsibilities include planning, implementing, managing, and constant improvement across the technology operations...
SB Real Estate Partners acquires Bloom 24 Apartments in Phoenix for $34.2 million
SB Real Estate Partners (SBREP) has acquired Bloom 24, a 114-unit garden style multifamily community in Phoenix, Arizona for $34.2 million. While recently selling two of its Phoenix properties for nearly $100 million, SBREP remains...
Kiser Group brings The Mabel Exchange to market in Edgewater
Kiser Group, Chicagoland’s leading multifamily brokerage firm, presents the sale of The Mabel Exchange. Located at 5920 N. Ridge Avenue, The Mabel Exchange is a mixed-use property in Edgewater’s Andersonville neighborhood, recently ranked the...
