Transwestern Investment Group acquires 338-unit apartment community in Charlotte, North Carolina
Transwestern Investment Group (TIG) and a national operator announce the acquisition of Century Highland Creek, a 338-unit apartment community at 5410 Prosperity Ridge Road in Charlotte, North Carolina. Centennial Holding Co., an institutional owner...
JLL sells Station on Silver multihousing property in Herndon
JLL Capital Markets announced that it closed the sale of the Station on Silver multihousing property in Herndon, Virginia. JLL worked on behalf of Woodfield Development to close the property sale. The property consists of 400...
Rate Desk Wednesday, December 2, 2020
December 2, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Potential for economic deceleration early 2021 and post‐vaccine expected strong growth. Don’t rely on historically low interest rates indefinitely, lock in...
Casey Watts Morgan joins Houston Apartment Association as Chief Executive Officer
Casey Watts Morgan has joined the Houston Apartment Association(HAA), as Chief Executive Officer, replacing recently-retired Jeff Hall, who led the Association for 17 of his 36 years advocating on behalf of rental housing providers...
Fogelman Properties completes acquisition of 327-unit multifamily community in Fort Myers, Florida
Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the acquisition of The Edison, a brand-new 327-unit A+ multifamily community located in...
Cushman & Wakefield arranges sale on behalf of Westplan Investors
Cushman & Wakefield has arranged the sale of Accent 2050, a 198-unit apartment community located in Atlanta. Robert Stickel, Mike Kemether and Alex Brown of Cushman & Wakefield represented the seller, Atlanta-based Westplan Investors,...
Institutional Property Advisors completes Southern Arizona multifamily sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Port Royale, a 252-unit multifamily property in Sierra Vista, Arizona. The asset sold for $30 million, which represents $119,048 per...
HUD awards $54.7 million in grants to expand rental development for low-income persons with...
The U.S. Department of Housing and Urban Development today announced the award of over $54.7 million in capital advance and project rental assistance grants to 15 organizations, to expand the supply of affordable rental...
Acquisition financing and equity raised for Valora at Homewood
JLL Capital Markets announced that it has arranged acquisition financing and sourced new equity for the Valora at Homewood multihousing property near Birmingham, Alabama. JLL worked on behalf of the borrower, Brick Lane LLC, to...
Suburban shift for home construction continues into third quarter
A trend of higher demand for housing in lower-density areas reported in the second quarter National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) has persisted into the fall, as single-family and multifamily construction continued...
Why housing demand will likely stay high for years to come
Low rates of household formation since the Great Recession have caused 5.7 million "missing" households, a new Zillow analysis finds. These missing households represent people who historically would have moved into their own home but...
NMHC and One11 Advisors release apartment industry technology benchmarking report
In a first-of-its-kind multifamily sector survey specifically examining technology, the NMHC/One11 Advisors Apartment Industry Technology Benchmarking Report is designed to establish an industry-wide baseline understanding of how apartment companies are supporting technology and innovation...
NAHB Chairman responds to reduction of lumber tariffs
Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Florida, issued the following statement after the Commerce Department lowered duties on Canadian lumber shipments into...
$21.65 million in refinancing secured for The Lexington apartments in Hoboken
JLL Capital Markets announced that it has arranged $21.65 million in refinancing for The Lexington, a multihousing community consisting of 50 apartments across two, five-story buildings in Hoboken, New Jersey. JLL worked on behalf of...
Sack Properties acquires Chateau Woods apartments in Woodinville, Washington
Sack Properties (Sack), a 62-year-old, San Francisco-based real estate investment and management firm with a $750 million portfolio of approximately 2,500 multifamily units throughout the Western United States, announced the acquisition of Chateau Woods,...
