News

Prop 21, the rent control measure put before California’s voters in the recent election, went down to defeat. While results are still preliminary at this point, nearly 60 percent of the ballots tabulated to...

Thayer Manca Residential (TMR) has purchased Entrada Apartments, their newest multifamily property in Tucson, Arizona. TMR purchased the 424-unit property for $65,500,000 and is the largest acquisition to date for the company. With a $4.9m...

More than half (57 percent) of multifamily developer respondents reported construction delays in the jurisdictions where they operate, according to the fifth edition of the National Multifamily Housing Council (NMHC) Construction Survey. Of this group,...

JLL Capital Markets announced that it has closed the sale and acquisition financing for the garden-style Willow Ridge apartments in Southwest Houston. JLL completed the sale for the seller, Sentinel Capital, to the buyer, Alfa...

Recent reports from CoStar and from Real Capital Analytics (RCA) show that multifamily property values continue to rise in September despite the pandemic. Defining the indices The CoStar report focuses on a relative measure of multifamily...

A pair of reports, one from the Mortgage Banker’s Association (MBA) and one from Trepp, indicate that the multifamily mortgage market is beginning to recover from the COVID-19 related shutdowns. Multifamily mortgage lending resumes growth The...

 November 4, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. $11.5 billion in HUD lending in 2020 and getting ahead by addressing non-critical repairs in your PCNA before applying for a...

 Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Debra Guerrero, senior vice president of strategic partnerships and government relations for The NRP Group.

MLG Capital announced the acquisition of Pinewood at National Hills Apartments located at 1075 Bertram Road in Augusta, Ga. The 160-unit multifamily apartment complex was built in 1983 and is a Class B property....

Avanath Capital Management, a private real estate firm that invests in affordable and workforce housing properties throughout the U.S., has announced the acquisition of Morton Village, a 207-unit workforce housing community in Mattapan, Massachusetts,...

JLL Capital Markets announced that it has closed the sale of Barrington Place and Waterlynn Ridge, Class A multihousing communities totaling 660 units in the Charlotte, North Carolina MSA. JLL marketed the property on behalf...

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $4.55 million sale of 5001 S. Drexel Blvd., a 33-unit renovated apartment building in Chicago’s Kenwood neighborhood. The price per...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Colony Gardens, a 24-unit apartment property located in Plant City, Florida,...

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has directed the acquisition of Spring Lake Apartments, a...

In one of the largest transactions of 2020, a joint venture between Oxford Capital Group, LLC and Quadrum Global has sold Essex on the Park, the 56-story, 607-foot, 479-unit, modernist tower, which it developed...