Investor share of single-family home purchases down in Q2
A new report from CoreLogic notes that the share of single-family homes purchased by investors fell from a high of 28 percent in February 2022 to 20 percent in June. While this is a...
Multifamily mortgage originations outperform in Q2
A report from the Mortgage Bankers’ Association (MBA) says that originations of multifamily mortgages in Q2 were up 24 percent on a year-over-year basis, outpacing the 19 percent rise in commercial/multifamily mortgages generally.
Tracking multifamily...
Fannie Mae revises GDP growth forecast lower again
Fannie Mae’s August economic and housing forecasts predict a recession in early 2023. The economic slowdown is expected to bring inflation under control by late 2023 but at the cost of reducing employment and...
Fogelman Properties acquires 312-unit apartment community in Memphis, Tennessee
Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, announces the acquisition of Appling Lakes, a 312-unit apartment community in Memphis, Tennessee.
Built in 1997, Appling Lakes...
Marcus & Millichap completes dual multifamily asset sale in Birmingham
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Onyx at 600 and Ascot Place Apartments, two multifamily properties, totaling...
High Street Residential completes Matson Mill residential development outside Philadelphia
High Street Residential, the residential subsidiary of Trammell Crow Company, along with its partner, MetLife Investment Management, announced the completion of Matson Mill, a 280-unit apartment community outside of Philadelphia. The five-story property is...
Cushman & Wakefield arranges sale of the Archer Road portfolio
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of the Archer Road Portfolio, a collection of five multifamily properties across several submarkets in Gainesville that total 582 units.
Nick...
GFI Realty Services arranges the $6.4-million sale of 46-unit Bronx multifamily building
GFI Realty Services announced the $6.4-million sale of 864 East 149th Street, a walk-up building comprised of 46 units located in the Mott Haven section of the Bronx. GFI Director Zachary Fuchs represented the seller, NY Metro...
MBK Rental Living sells Blue Oak Multifamily Community in California’s Central Coast
MBK Rental Living is delighted to have successfully executed the sale of Blue Oak, a 142-unit Class A luxury apartment and townhome community in Paso Robles, California, to a private Los Angeles owner. The...
Institutional Property Advisors closes $58.24 million multifamily asset sale in Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Villas Los Limones, a 224-unit multifamily asset in Phoenix, Arizona. The $58.24 million sales price represents $260,000 per unit.
“Villas Los...
Institutional Property Advisors closes 264-unit high-rise apartment building sale in Downtown Hartford
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Capitol View Apartment Homes, a 264-unit, high-rise multifamily building with 13,294 square feet of commercial and retail space in Hartford,...
Institutional Property Advisors completes San Antonio multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Pecan Springs, a 344-unit, stabilized asset in the Far Northwest submarket of San Antonio, Texas.
“Situated in a submarket that ranks...
Institutional Property Advisors completes Salt Lake City 55-plus senior housing community sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Ivy at Draper, a 277-unit, 55-plus active senior housing community in Draper, Utah.
“Draper City’s prestigious location at the Point...
Newmark arranges sale of 240-unit value-add multifamily property in Northwest San Antonio
Newmark announces the sale of Viva Max, a 240-unit value-add multifamily asset located in northwest San Antonio, Texas. The property traded from Pradeep Mistry to River Rock Capital, a private multifamily investment firm focused...
PCCP, LLC provides $68 million senior construction loan for a Class A 336-unit apartment...
PCCP, LLC has provided a $68 million senior construction loan to a joint venture between the Rockworth Companies and the Gasser Family for the ground-up development of Village Apartments, a Class A, 336-unit apartment...
