JCHS reports on landlords under stress
Harvard’s Joint Center for Housing Studies (JCHS) recently issued a report assessing how landlords are faring during the COVID pandemic. The report studied how their rent collections and business practices changed between 2019 and...
CoStar reports steady rise in multifamily property prices
A recent report from CoStar says that commercial property prices in general, and multifamily property prices in particular, continued their recent strong performance in July. CCRSI defined The CoStar report focuses on a relative measure of...
Rapid rent growth continues in August
The latest rent report from Apartment List shows strongly positive rent growth for the country as-a-whole. Rents were up month-over-month and year-over-year in all of the 50 largest metro areas. Rent increases continue Apartment List reported...
Avison Young arranges the sale of The Gallery, a 10-unit mixed-use property in Laguna...
Avison Young announced it has arranged the sale of The Gallery, a 10-unit mixed-use property located at 326-336 North Coast Highway in Laguna Beach, California (Orange County). The property consists of seven apartments units...
Cushman & Wakefield arranges multifamily sale on behalf of Hudgins Companies and Maverick Development...
Cushman & Wakefield announced the commercial real estate services firm has arranged the sale of Wilder, a 381-unit apartment community located in Austin, Texas. John Carr and Ben Fuller of Cushman & Wakefield represented the...
Cushman & Wakefield represents SBD Tradewinds, L.P. in $19.6 million sale
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Shoreline Apartments, a 206-unit apartment community located in Jacksonville, Florida, on behalf of SBD Tradewinds, L.P. The final...
Institutional Property Advisors closes two Phoenix multifamily asset sales
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sales of The District at Fiesta Park, a 321-unit multifamily asset in Mesa and Arcadia on 49th, a 192-unit multifamily asset in...
American Landmark acquires 338-unit transit-oriented apartment community near University of North Carolina at Charlotte
American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired V& Three, a 338-unit apartment community built in 2019 in the Autumnwood submarket of Charlotte, North Carolina—just five...
Tower 16 Capital Partners acquires two multifamily properties in Phoenix for $78.5 million
San Diego-based Tower 16 Capital Partners has acquired two properties across two separate transactions totaling 508 units in Phoenix, Ariz., for a total of $78.5 million. Banyantree Apartments, a 232-unit multifamily property located in...
5815 N. Sheridan sells for $43 million to TLC Management
Kiser Group, Chicago’s leading multifamily brokerage firm, represented both the buyer, TLC Management and seller, Greenstone Property Group, in a $43 million, 188-unit off-market deal. Kiser Group’s Principal and Managing Broker Lee Kiser represented...
Thayer Manca Residential acquires new Washington state property
Thayer Manca Residential (TMR) has purchased Woodbury Apartments, their newest multifamily property in Olympia, Washington. TMR purchased the 127-unit property for $38,500,000. With a $2.3m renovation budget, the repositioning plan includes a full redesign of...
Middleburg Communities reaches stabilization on fully renovated and repositioned 956-unit Atlanta workforce housing portfolio
Middleburg Communities (Middleburg), a Vienna, Virginia-based real estate investment, development and management firm, has reached stabilization on the substantial renovation, repositioning and leasing of three workforce housing apartment communities totaling 956 units in the...
Power Pros with Dan Drees
Yield PRO TV presents Power Pros. Host Linda Hoffman talks with Dan Drees, Chief Growth Officer of AvidXchange. Transcript: Power Pros interview. Linda Hoffman with Dan Drees, recorded August 20, 2021 (music) Linda Hoffman: One word drives...
The Multifamily Group brokers 122 unit vacant hotel in Athens, Texas
The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced that it had facilitated the sale of the former Quality Inn & Suites in Athens, Texas. Advisor Greg Miller represented the buyer. Profectus...
Colliers facilitates sale of 25-unit apartment community in San Leandro for $6.8 million
Leading diversified professional services and investment management company Colliers recently facilitated the sale of a 25-unit multifamily property called Foothill Terrace in San Leandro. Colliers’ Senior Vice President Rich Martini procured the buyer and...
