Legacy Partners sells 580 Anton, a 250-unit luxury apartment community in Costa Mesa, to...
Legacy Partners, a privately owned national real estate firm, announced the sale of 580 Anton, a five-story, 250-unit luxury apartment community in the Orange County city of Costa Mesa, Calif., to an affiliate of...
DB Capital acquires Denver metro apartment community for $38 million
DB Capital Management (DB Capital) has acquired Cleo Apartments, a 142-unit multifamily community in the Lowry submarket of Denver for $38 million.
Built in 1979, Cleo features large one- and two-bedroom floor plans on a...
Single-family rentals and the housing crunch
In the last two years, the single-family housing market has been hot, with high sales volumes, rising prices and low available inventory. Institutional investors buying up properties for conversion to single-family rentals (SFR) has...
MassHousing closes on $21.4 million in refinancing and extension of affordability for Wilkins Glen...
MassHousing has closed on $21.4 million in affordable housing financing to Beacon Communities LLC for the refinancing and extension of affordability at the 103-unit Wilkins Glen in Medfield.
As part of the transaction, Beacon Communities...
Emergency Rental Assistance update
The latest report by the U.S. Department of the Treasury states that, as of the end of March, 74 percent of the $25 billion in emergency rental assistance funds allocated under the Consolidated Appropriations...
Fannie Mae forecasts a slowing economy
Fannie Mae’s latest economic forecast calls for lower GDP growth and higher inflation in 2022 than in earlier forecasts. Their new housing forecast predicts multifamily housing starts to be higher in 2022 but lower...
Institutional Property Advisors facilitates Phoenix metro multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Maryland West, a 100-unit apartment property in Glendale, Arizona. The $26.5 million sales price equates to $265,000 per unit.
“Maryland West’s...
Haven teams with Yieldstreet to acquire 71-home single family housing rental community in Chattanooga,...
Haven Realty Capital (Haven) in joint venture with funds managed by Yieldstreet, has closed on the first phase of a $28.6 million acquisition of Hartman Hill, a 71-home purpose-built single family rental housing community...
Confidence in multifamily housing weakens in first quarter of 2022
Confidence in the market for new multifamily housing turned downward in the first quarter of 2022, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders...
Rent delinquencies rise in latest Pulse Survey
The “Week 45” edition of the Census Bureau’s Pulse Survey shows that the portion of renters who are behind on their rent payments has grown since we last reported on this survey.
What is the...
ECI Group acquires Verso Luxury apartments in Davenport, Florida
ECI Group (ECI) announces the acquisition of Verso Luxury Apartments, a 250-unit, new in 2020, “Big House” concept, multifamily asset in the booming Davenport submarket of Orlando, FL. Located at the heart of Central...
Multifamily housing construction starts boom
The Census Bureau’s new residential construction report for April showed continued high levels of multifamily housing construction permit issuance and unit starts, but unit completions declined, resulting in another increase in the number of...
Yardi Matrix studies multifamily property price appreciation
A recent report from Yardi Matrix examined the price appreciation seen over the last decade for multifamily properties which were resold frequently. These tended to be Class B and Class C properties targeted for...
Strong multifamily mortgage originations in Q1
A report from the Mortgage Bankers’ Association (MBA) says that multifamily mortgages originations in Q1 were up sharply on a year-over-year basis.
Tracking multifamily mortgage originations
The first chart, below, shows the quarterly origination volume indices...
$203 million in refinancing secured for San Diego multihousing community
JLL Capital Markets announced that it has closed the $203 million construction takeout financing for Vive Luxe, a Class A, 442-unit, multihousing community in the Kearny Mesa submarket of San Diego, California.
JLL represented the...
