$49.1 million in refinancing secured for the Millennium at Hometown development
JLL Capital Markets announced that it arranged a $49.1 million refinancing for the Millennium at Hometown, a to-be-completed, Class-A, multihousing project comprising 306 apartments and 11,697 square feet of retail located at 6021 Parker...
$2.5 million multifamily asset sold in Tampa
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Grand, a 24-unit apartment property located in Tampa, Florida, according...
Oak Coast Properties acquires ArtWalk Apartments at City Center Community in Englewood, Colorado, for...
Oak Coast Properties announced the $123.5 million acquisition of ArtWalk Apartments at City Center, a best-in-class 438-unit transit-oriented apartment community located in Englewood, Colorado. The purchase highlights Oak Coast Properties’ continued bullish stance on investment...
Rent Payment Tracker: rent payments flat from September
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 90.6 percent of apartment households made a full or partial rent payment by October 20 in its survey of 11.4 million units of professionally...
Power Hitters with Sean Caldwell
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Sean Caldwell, executive managing director of development for Mill Creek Residential.
Rate Desk Wednesday, October 21, 2020
October 21, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Utilizing FHA loans to subsidize states' low LIHTC supply and making your affordable housing projects pencil. Rate Desk notes October 21, 2020 ...
Jon Paul Pérez named President of the Related Group
Jorge M. Pérez and the Related Group announce the appointment of Jon Paul Pérez as president of the organization, following more than a year of planning alongside Related’s distinguished leadership team. Today, Jon Paul...
Invictus secures $27.5 million for 812-814 Amsterdam Ave. on New York City’s Upper West...
JLL Capital Markets announced that it has secured $27.5 million in financing for 812-814 Amsterdam Ave., a newly constructed 44-unit, 15-story, mixed-use property on the Upper West Side of Manhattan. JLL represented the borrower, Invictus...
RPH Multifamily Group of Marcus & Millichap sells The Point Apartments in Daytona Beach,...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Point Daytona, a 128-unit apartment property located in Daytona Beach,...
Knighthead Funding provides $26.5 million financing for development of condominium project in Austin, Texas
Knighthead Funding LLC has provided Pearlstone Partners with a $26.5 million construction loan for the Cascade, a 113-unit mid-rise condominium development in Austin, Texas. The property is located at 2500 Longview St. in the West...
NMHC releases 2020 National Multifamily Industry Compensation Survey
The NMHC 2020 National Multifamily Industry Compensation Survey report is now available for purchase. As the premier source for market-level apartment industry compensation data, the 2020 Survey addresses current market practices in compensation program...
MassHousing closes $64.7 million in financing for the acquisition, rehabilitation and long-term preservation of...
MassHousing has closed on a total of $64.7 million in affordable housing financing to the non-profit NHP Foundation for the acquisition, rehabilitation and preservation of the historic, 217-unit, Blue Mountain Apartments in Roxbury. As a result of the transaction, all 217 homes at the Blue Mountain Apartments...
No rent growth in September
Yardi Matrix released its September 2020 report on the multifamily rental housing market. The report shows a wide variation in rent growth results for different metro areas but flat rents for the country as...
A mixed report for multifamily housing construction
The Census Bureau released its monthly new residential construction report for September 2020. It shows weakness for permits and starts but a surge in completions of multifamily housing units. Permits rebound mildly The number of permits...
Pathfinder Partners acquires multifamily property in affluent Denver neighborhood
Pathfinder Partners, a San Diego-based firm specializing in multifamily real estate investments, announced the $18.2 million acquisition of Highlands at Red Hawk—a 56-unit apartment community in the affluent submarket of Castle Rock, just south...
