Multifamily property prices rise in April
A report from Real Capital Analytics (RCA) said that multifamily property prices rose in the year to April as part of a general rise in commercial real estate prices.
Defining the index
Real Capital Analytics reports...
Five technologies that will enable net-zero for buildings
With the Biden administration setting aggressive goals for reducing greenhouse gas emissions, building owners and operators should expect increasing emphasis on energy efficiency in the years ahead.
Energy efficient buildings were the focus of a...
TruAmerica Multifamily acquires apartment communities in Phoenix and Nashville for $196 million
TruAmerica Multifamily has added nearly 1,000 apartment homes to its national multifamily portfolio after closing on two garden-style communities in Nashville, Tennessee and Phoenix, Arizona, in separate transactions totaling $196 million.
TruAmerica continues its focused...
Gelfund Real Estate Opportunities buys Baltimore apartment property for $30 million
Transwestern Real Estate Services (TRS) announces its Mid-Atlantic Multifamily Group has brokered the sale of Milford Station Apartments, a 200-unit, value-add investment property at 19 Warren Park Drive in Pikesville, Maryland. Real estate investment...
Cushman & Wakefield arranges sale on behalf of South City Partners, ELV Associates Inc....
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Caroline, a 237-unit apartment community located in Charleston, South Carolina.
Robert Stickel, Marc Robinson, Tai Cohen, and Alex Brown...
Fannie Mae forecasts higher near-term growth
Fannie Mae recently issued its May forecasts for the economy and for housing. They show slightly higher growth in 2021 and much higher multifamily housing starts than did the February forecast.
GDP forecast higher for...
Berkadia arranges fractured condo sale and financing in Pompano Beach, Florida
Berkadia announces it has arranged the sale and financing of 153 condominium units at Breezes at Palm-Aire, a 288-unit, garden-style residential community located in Pompano Beach, Fla. The buyer was Axonic Properties, LLC managed...
Cushman & Wakefield arranges sale on behalf of Canyon View Capital
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Country Meadows and Cottages of Fort Smith, two apartment communities located in Arkansas.
Martin Bynum and Craig Hey of...
Houston seniors housing community sold, $21.3 million financing arranged
JLL Capital Markets announced it closed the sale and arranged a $21.3 million financing for The Shores at Clear Lake, a 100-unit senior living community in Houston, Texas.
JLL worked on behalf of the seller,...
Niche multifamily asset sale brokered by Institutional Property Advisors in Stamford Connecticut
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of 100 Prospect Apartments, a 94-unit multifamily asset in Stamford, Connecticut.
“100 Prospect is an exceptionally well-located niche apartment property just steps...
Berkadia arranges $33.9 million bridge loan for Class A apartments in San Antonio
Berkadia announces it has arranged $33.9 million in bridge financing for the recapitalization of Timberhill Commons, a 340-unit multifamily community in San Antonio. Senior Managing Director Charles Foschini of Berkadia Miami secured the loan...
Preferred equity arranged for two multihousing properties in San Antonio
JLL Capital Markets announced it has arranged a $11.5 million preferred equity for the Park West Apartments and Parliament Bend Apartments, two contiguous multihousing complexes in the Churchill submarket of San Antonio, Texas.
JLL worked...
Industry association calls for cuts on lumber tariffs
Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla., issued the following statement following the U.S. Commerce Department's desire to double lumber tariffs on Canadian lumber shipments...
Westland Investors acquires Tall Oaks Apartments in Suburban Portland
Westland Investors announced the successful acquisition of Tall Oaks Apartments. Located on SW Caldwell Road in Gladstone, the 64-unit apartment building’s closing price was $10,150,000. Westland worked closely with Greg Frick and Tyler Johnson of HFO...
ULI economic forecast sees improvement
The Urban Land Institute (ULI) recently released its biannual economic forecast. It has a more positive outlook for the economy and for the multifamily housing industry than did their last forecast of 6 months...
