News

The February Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings and separations were nearly unchanged for the month while hires were...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Heights of Cityview, a 344-unit multifamily property in Fort Worth, Texas. “Built in 1998, previous ownership renovated most units and...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Kabana Waterfront Living, a 108-unit apartment complex in Holly Hill, Florida. “With breathtaking water views in a resort-style setting, Kabana offers...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Regency Square, a 304-unit, two-story, garden-style multifamily asset in Yuma, Arizona. The property sold for $41.5 million, which represents $136,513...

Energy rising Already vexed by historic levels of inflation, housing operators and residents also bare the financial weight of sudden and fast-rising electricity, natural gas and oil prices. Waiting in the wings, EPA is building...

Multifamily assets experienced record appreciation, including its largest single quarter growth in the history of the Freddie Mac index: In the last year, property prices grew by 19.6 percent, mortgage rates increased 6 basis...

According to new data from the current Single-Family Rental Market Index (SFRMI) by the National Rental Home Council (NRHC) and John Burns Real Estate Consulting (JBREC), homes built for the purpose of renting—build-for-rent homes—accounted...

FCP with partners Insight Property Group and AHC announce the acquisition of Camden Largo Town Center apartments in Largo, MD for $71.9 million. The 245-unit community at 9701 Summit Circle will be rebranded Haven Largo. “FCP...

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired the 357-unit Ardmore King’s Grant Apartments in Charlotte, and 270-unit Ardmore Cates Creek apartments in Hillsborough, North Carolina....

A new report from Real Capital Analytics (RCA) said that multifamily property prices rose 23.2 percent year-over-year in February and that they rose 1.7 percent from the month before. The annual rate of increase...

Mesa West Capital provided $92.5 million in bridge financing to an institutional real estate private equity fund for the acquisition and repositioning of a 400-unit Class A multifamily property in Atlanta. The four-year, interest-only floating...

Berkadia announces it has arranged the financing of a three-property portfolio totaling 840 units in Dallas, Texas: Mustang Villas Apartments, Prestonwood Apartment Homes and Bella Vista. Managing Director Brad Williamson of Berkadia Miami, along...

Cushman & Wakefield announced that the commercial real estate services firm has arranged $90 million in refinancing on behalf of Perennial Properties, Inc. for Arya Peachtree, a 282-unit multifamily property located at 1777 Peachtree St....

A Mortgage Bankers Association (MBA) report on commercial and multifamily mortgage debt shows that banks and thrifts had the largest net increase in multifamily mortgage holdings in Q4 2021. However, the GSEs continued to...

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it negotiated the $12 million sale of 5505 S. Dorchester Ave., a 34-unit rental community in Chicago’s Hyde Park neighborhood. The price per unit...