Yardi Matrix presents multifamily national outlook
Yardi Matrix recently held a webinar presenting its Fall 2021 multifamily outlook. The presentation included both a general outlook for the economy and a discussion of the future direction for the multifamily housing market....
Sale of Portland area multihousing community closes
JLL Capital Markets announced that it has closed the sale of and arranged acquisition financing for Seven West at the Trails (Seven West), a 423-unit, garden-style multihousing community in the Portland suburb of Beaverton,...
ABI Multifamily brokers 78-unit East Mesa assisted living community for $3.8 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $3,800,000 / $48,718 Per Unit / $61.32 Per SF sale of Copper Heights Assisted Living...
Low inventory leads to solid gains in new home sales
Fueled by strong demand, low existing inventory and buyers' anticipation of future higher mortgage rates, new home sales posted a solid gain last month. Sales of newly built, single-family homes in September rose 14 percent to an...
Cushman & Wakefield arranges $75 million loan on behalf of Middleburg Communities
Cushman & Wakefield announced that the commercial real estate services firm has arranged a $75 million refinance loan on behalf of Middleburg Communities for a three-property apartment community portfolio totaling 1,154 units. Blake Cohen, Mike...
Industry responds to slow pace of emergency rental assistance
The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) issued the following statement on the disappointing news that less than a quarter of emergency rental assistance aid has been distributed to residents...
Kiser Group advises on $1.22 million sale of 16-unit multifamily building in Rolling Meadows,...
Kiser Group, Chicagoland’s leading multifamily brokerage firm, announced the sale of 2341 Algonquin Road, a 16-unit multifamily building in Rolling Meadows, Illinois. The property sold for $1,225,000. Kiser Group Directors Matt Halper and Danny...
Tower 16 Capital Partners acquires a 330-unit multifamily property in the Inland Empire for...
San Diego-based Tower 16 Capital Partners has acquired Sorelle Apartments, a 330-unit multifamily property located in Moreno Valley, Calif., for $85 million. The Sorelle Apartments project was built in 1986 and was acquired from...
Cushman & Wakefield arranges $33.65 million loan on behalf of Middleburg Communities
Cushman & Wakefield announced that the commercial real estate services firm has arranged a $33.65 million loan on behalf of Middleburg Communities for the acquisition of Peppertree, a 353-unit apartment community located in North...
Newmark announces sale and financing of Enclave at Water’s Edge in Austin’s ‘Silicon Hills’
Newmark announces the sale and financing of Enclave at Water's Edge, a 184-unit multifamily property in a rare infill location proximate to The Domain and within Austin's growing tech corridor–‘Silicon Hills’. Located at 12330...
Institutional Property Advisors facilitates Northwest San Antonio multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Mark Huebner Oaks, a 361-unit mid-rise apartment complex neighboring the Huebner Oaks Shopping Center in San Antonio, Texas. “Located within...
Cushman & Wakefield arranges $30.6 million sale on behalf of Lurin Capital
Cushman & Wakefield announced the commercial real estate services firm has arranged the $30.6 million sale of Elevate at 604 West and Greens on 5th, two apartment communities totaling 195 units located in Fort...
Multifamily property prices rise on record sales volume
A report from Real Capital Analytics (RCA) said that multifamily property prices rose 16.3 percent in the year through September. However, unlike in recent reports, apartments were overtaken by both office and industrial properties...
Rent delinquencies continue slow rise
The “week 39” release of the Census Bureau’s Pulse Survey shows that the portion of residents with rent delinquencies is up slightly since we last reported on this survey. For comparison, the NMHC rent...
Sales of seniors housing properties in North and South Carolina close
JLL Capital Markets announced that it has closed the sale of nine senior living properties totaling 558 units of assisted living and memory care. Eight of the properties are in South Carolina with one...
