Sponsored: How to engage with today’s multifamily renters
When a potential renter walks through your doors, are you positioned to understand their specific needs? In a recent Assurant study, we’ve outlined five specific renter types and their psychographic data so you can...
ABI Multifamily adds Andrew Arambula as associate to growing team
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., has added Andrew Arambula as an associate to the growing team. Arambula, a Scottsdale resident, comes to ABI from Kidder...
Berkshire Property Holdings acquires Dallas multifamily portfolio for $56.8 million
Berkshire Property Holdings has made its second and largest multifamily investment in the Dallas metroplex in the span of eight months with the acquisition of a two-property, 568-unit apartment portfolio in Richardson, Texas for...
Rent growth barely positive in August
Yardi Matrix released its August 2020 report on the multifamily rental housing market. The report shows that rent growth was positive for the second month in a row and that secondary markets are doing...
Rate Desk Wednesday, September 9, 2020
September 9, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. With lower home supply and no declines in MF property value, higher demand for workforce housing drives the market. Rate Desk notes...
Westside Los Angeles multifamily asset sale brokered by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Avalon Venice on Rose, a three-story, 70-unit apartment building with 9,332 square feet of fully leased retail space in...
Rent payment tracker: payments down
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 76.4 percent of apartment households made a full or partial rent payment by September 6 in its survey of 11.4 million units of professionally...
Magma Equities acquires Nashville, Tenn. apartment community for $27 million
Multifamily investment firm Magma Equities has acquired Charleston Hall Apartments, a 194-unit garden-style community in Smyrna, Tennessee (Nashville MSA) in an off-market transaction valued at $27 million. Charleston Hall increases Magma Equities’ holdings in the...
Central Dallas apartment complex sold by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Dylan, an urban apartment complex in Dallas, Texas. “New capital continues to flow into the Dallas/Fort Worth multifamily market at...
Power Hitters with Lance Swank
NAHB POWER HITTERS Host Linda Hoffman chats with Lance Swank, president of The Sterling Group in beautiful Mishawaka, Indiana. The Sterling Group owns and manages over 9,000 apartments across 35 markets in the Midwest...
Payroll tax holiday begins Sept. 1
At the beginning of August, President Trump issued an executive order deferring certain payroll tax obligations. This was done in response to Congress refusing to include any type of payroll tax cut in its...
New housing laws coming to California
The 2020 legislative session in California saw the consideration of at least 9 significant bills intended to address the state’s housing deficit. When the session ended at midnight on August 31, only two of...
Multifamily property values outperform since COVID
A pair of recent reports, one from CoStar and another from Real Capital Analytics (RCA), track the changes in values of commercial property in the United States. This article looks at the parts of...
Stepp Commercial completes $3,025,000 sale of a value-add, 8-unit apartment property in prime West...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3,025,000 sale of an eight-unit, value-add apartment property located at 1237 N. Orange Grove in the Los Angeles submarket...
Interra Realty arranges $3.65 million value-add multifamily sale in Chicago’s Kenwood Neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it arranged the $3.65 million sale of 4400 S. Drexel Blvd., a 46-unit rental community in Chicago’s Kenwood neighborhood. The price per unit...
