Rent growth rate declines in July
Yardi Matrix reported that the national average apartment rent growth in July was $10, bringing the average rent to $1,717 per month.
Rent growth rate slipping
The national average apartment rent was up 12.6 percent in...
JVM Realty Corp. acquires The Bevy Luxury Apartment Community near Milwaukee
JVM Realty Corp., a leading vertically integrated multifamily real estate investment and property management firm, announced it has acquired The Bevy, a 175-unit luxury apartment community in the Milwaukee suburb of Brown Deer.
“We are...
Multifamily jobs reported higher in July
The latest Employment Situation Report from the Bureau of Labor Statistics stated that employment in both apartment operations jobs and residential construction jobs was higher than in the prior month.
Overall jobs number rise
The Bureau...
Marcus & Millichap completes multifamily portfolio sale outside of Omaha
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Northridge and Flatwater, a 192 unit, two-property multifamily portfolio outside of...
Institutional Property Advisors brokers suburban Seattle multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Woodbrook, a 100-unit apartment property in Everett, Washington. The property sold for $31.3 million, which represents $312,750 per unit.
“Located in...
Institutional Property Advisors negotiates Tempe multifamily sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Villatree, a 150-unit apartment property in Tempe, Arizona. The asset sold for $43.1 million which equates to $287,333 per unit.
“Villatree...
Marcus & Millichap announces $24 million sale of Winchester Virginia Apartments
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Pine Plaza and Wright Apartments, a 195-unit apartment portfolio located in...
Florida multihousing community sells for $70.6 million
JLL Capital Markets announced that it has closed the $70.6 million sale and arranged the debt and equity financing totaling $65 million for Grand Reserve Apartment Homes, a 263-unit, two-story, value-add multihousing community in...
Archway Equities acquires 192-unit multifamily asset in Dallas from HLC Equity
Archway Equities (Archway) has acquired from HLC Equity, the 192-unit Toscana Apartments, in Carrolton, Texas, one of the fastest growing suburbs in Dallas. The purchase represents Archway’s second apartment investment in the immediate submarket...
Cushman & Wakefield arranges $20.9 million sale of Arkansas 360 portfolio
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of five Arkansas multifamily properties that comprise the Arkansas 360 Portfolio—Cottages of Hot Springs, Glen Oaks, Indiandale Manor, Village Meadows,...
$19 million in financing secured for New Jersey multihousing community
JLL Capital Markets announced that it has arranged the $19 million financing for 231WHK, a newly built 60-unit multihousing community in Weehawken, New Jersey.
JLL represented a private developer to secure the five-year, fixed-rate loan...
Berkadia arranges sale of garden-style apartment community in Tallahassee, Florida
Berkadia announces it has arranged the sale of The Westcott, a 444-unit garden-style apartment community located in Tallahassee, Fla., along the state capital’s main east-west thoroughfare, the Apalachee Parkway. Managing Director David Etchison, Senior...
Berkadia arranges $64.1 million loan for acquisition of multifamily property in Tampa
Berkadia announces it has arranged financing for the acquisition of 325 units at Arbors at Carollwood, a core-plus opportunity within the highly sought-after Carollwood submarket of Tampa, Fla. Senior Managing Director Mitch Sinberg and...
Berkadia arranges sale and financing of garden-style apartment community in Houston, Texas
Berkadia announces it has arranged the sale and financing of Timberwalk, an attractive, well-maintained 300-unit apartment community located in Houston, Texas. Managing Directors Chris Young and Joey Rippel, Director Kyle Whitney, Managing Director Jeffrey...
Berkadia arranges sale and financing of workforce housing in Houston, Texas
Berkadia announces it has arranged the sale and financing of Bridgewater Apartments, a 206-unit garden-style, workforce housing community in Tomball, Texas. Managing Directors Joey Rippel and Chris Young, Director Kyle Whitney, Managing Director Jeffrey...
