FCP expands Atlanta footprint with $116 million investment in three apartment acquisitions totaling 808...
FCP has announced its acquisition of three Atlanta-area apartment communities within the past three weeks, marking the company’s fourth, fifth and sixth Atlanta apartment investments in 2021. The firm invested $116 million in Springdale Glen,...
Cushman & Wakefield arranges $5.8 million sale of North Miami Beach apartment community
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of a 36-unit apartment community located at 16851 NE 18th Avenue in North Miami Beach. The final sale price...
FHA releases 2019 annual report to Congress
The Federal Housing Administration (FHA) released its 2019 Annual Report to Congress on the economic condition of the agency’s Mutual Mortgage Insurance Fund (MMI Fund). FHA reports that at the end of Fiscal Year...
Kiser Group promotes Andy Friedman to Director
Kiser Group, Chicago’s leading multifamily brokerage firm, announces the promotion of Andy Friedman to Director from Advisor.
Since joining the firm in early 2018, Friedman has become Chicagoland’s leading condominium deconversion broker, and his transactions...
JLL raises $335.6 million in capital for Bay Area mixed-use project
JLL announced today that it has raised capital totaling $335.6 million for the development of Gateway at Millbrae Station, a transit-oriented, mixed-use residential and office property adjacent to the Millbrae BART and Caltrain Stations...
Big drop in June multifamily construction starts
The Census Bureau’s new residential construction report for June stated that the number of multifamily permits issued, starts and unit completions were all down sharply for the month. This was on top of downward...
Pathfinder Partners acquires value-add multifamily community in Phoenix submarket
Pathfinder Partners, a San Diego-based firm specializing in multifamily real estate investments, has announced the $8.4 million acquisition of Park Paloma—a 60-unit apartment community just south of the Lower Arcadia neighborhood at 2930 North...
Institutional Property Advisors negotiates Metroplex Apartment Asset Sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Arioso, a 288-unit multifamily property in Grand Prairie, Texas.
“Arioso’s location between Downtown Dallas and Downtown Fort Worth gives its residents...
Demand surge puts Houston on top in 4Q
Houston was the nation’s leader for apartment demand in 4th quarter 2017 as a flurry of leasing activity following Hurricane Harvey drove up the metro’s overall numbers. The big surge in demand provided a...
HUD Secretary Ben Carson to visit Pathways to Housing PA
On Wednesday, U.S. Department of Housing and Urban Development Secretary Ben Carson will visit Pathways to Housing PA, a HUD supported organization that transforms individual lives by housing the homeless and supporting drug recovery...
Dunleer sells 8-unit apartment property for $3.31 million in Silver Lake submarket
Dunleer, a Los Angeles-based private real estate investment and development firm, today announced the $3.31 million sale of The Monroe Apartments & Bungalows, a two-building, eight-unit apartment property located at 4018 Monroe Street in the...
Portland smart-home startup IOTAS sells to security giant ADT
Home security company ADT has purchased Portland startup IOTAS, whose technology adapts smart-home features for apartments buildings.
IOTAS’ technology enables renters to control lights, thermostats, locks and other wireless features. Such automation is common in...
Berkadia arranges sale of luxury apartment community in Houston, Texas
Berkadia announces it has arranged the sale of Westchase Forest, a 400-unit luxury apartment community in Houston, Texas. Managing Directors Chris Young and Joey Rippel, Director Kyle Whitney, Managing Director Jeffrey Skipworth, and Senior...
2,048-Unit Metroplex value-add portfolio sold after 30-year hold
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of the Quality Estates Value-Add Portfolio, an eight-property, 2,048-unit multifamily portfolio located throughout the Dallas/Fort Worth Metroplex.
“The portfolio gives the new...
HUD awards $144 million to revitalize five neighborhoods
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced five communities across the country will receive a combined $144 million to redevelop severely distressed public or assisted housing and to revitalize surrounding...
