Rate Desk June 5, 2020
June 5, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. HUD approval mitigants, 223(f) escrows and new HUD issued stat limits. Rate Desk notes June 5, 2020 Indices up, S&P, NASDAQ near...
Rate Desk June 4, 2020
June 4, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Match debt to business plan not vice versa and stay better positioned by watching capital markets. Rate Desk notes June 4, 2020 ...
Doug Bibby responds to killing of George Floyd and continuing racial inequities
Statement by NMHC President Doug Bibby on the killing of George Floyd, Ahmaud Arbery and Breonna Taylor, and continuing racial inequities: The tragic killing of George Floyd, as well as Ahmaud Arbery and Breonna Taylor,...
Gebroe-Hammer Associates arranges $25.5+ million sale of Class A multifamily portfolio concentrated in Woodbridge...
Gebroe-Hammer Associates has arranged the $25.5+M sale of a Class A multifamily portfolio involving 87 luxury apartment-home and townhome rental units, the majority of which are concentrated in Woodbridge Township’s Avenel and Colonia neigborhoods....
Rate Desk June 3, 2020
June 3, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Growth of resort markets with modular solutions and bolstered by new work-from-home normals. Rate Desk notes June 3, 2020 Indices up on...
Interra Realty brokers $1.8 million deconversion sale in Chicago’s Wicker Park Neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $1.8 million deconversion sale of 1226 N. Greenview Ave., an eight-unit multifamily building in Chicago’s Wicker Park neighborhood. The price...
MassHousing closes on $22.6 million in financing to create a new, 76-unit affordable housing...
MassHousing has closed on a total of $22.6 million in affordable housing financing to the Planning Office for Urban Affairs (POUA) and Caribbean Integration Community Development (CICD) for the construction of the 76-unit Cote Village housing community in Mattapan. The Planning Office for Urban Affairs and CICD...
Jonathan Rose Companies and Schochet Partner acquire Riverside Towers
The Schochet Companies and Jonathan Rose Companies have acquired Riverside Towers in Medford, Mass., for $83.5 million in a joint venture. Financed through MassHousing, Riverside Towers is designated for occupancy by elderly and disabled residents....
Rate Desk June 2, 2020
June 2, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Follow the leader: look for expansion opportunities during disruption. Room for growth with value-add acquisition strategy. Rate Desk notes June 2, 2020 ...
The Babb Group arrange the sale of 40-unit affordable housing property near downtown Sarasota
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Beneva Oaks, a 40-unit apartment property located in Sarasota, Fla., according...
Rate Desk June 1, 2020
June 1, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Housing is central issue in economic disparity and a mutually beneficial carrot drives more investment dollars. Rate Desk notes June 1, 2020 ...
249-unit affordable housing portfolio in Gary, Indiana sells for $10.375 million
Affordable Housing Investment Brokerage Inc. recently sold a 14-building, 249-unit affordable housing portfolio in Gary, Indiana for $10,375,000. Managing Director Kyle Shoemaker represented both the purchaser, a private investor, and seller, a private investor,...
Business as unusual
As cities, counties and states begin loosening lockdown orders and allowing non-essential businesses to open, apartment owners are weighing strategies to ride out the economic disruption caused by the COVID-19 pandemic and finding slivers...
Infographic: Let my workers go
The release of America As Americans fights to return to work and businesses begin to re-open, a funny thing is happening. Nothing. 0 increase in C19 cases in places restrictions were lifted People are getting back...
Infographic: The Big Chill
Thawing America’s unchosen Time will tell the full effect the C19 shutdown will have on the American economy. Here are the signals thus far. NYC vacancies nearly triple Apartment vacancies jumped from 1,750 during the last week...
