Rate Desk Tuesday, June 23, 2020
June 23, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. What does more cash mean for MF portfolios and where are rates going?
Rate Desk notes June 23, 2020
Indices up
Crude...
Clarus Maplewood achieves prestigious WELL Certification
Clarus Maplewood is officially a WELL Certified™ building, the community’s developer, JMF Properties, announced today.
Clarus was awarded WELL Certification at the Gold level by the International WELL Building Institute™ (IWBI™). The prestigious distinction was...
Universe Holdings continues buying spree in Inglewood with acquisition of its ninth multifamily community
Universe Holdings has acquired a 15-unit multifamily community in Inglewood, Calif., for $3.8 million.
Chateau Park Casino Royale V is the firm’s ninth acquisition in the past four years in the Los Angeles submarket that...
It’s time to debunk COVID-19 myths
Myths about future apartment sizes, office demand and reshored manufacturing were tackled by executives at RCLCO in a recent webinar.
Without a doubt the pandemic has upended commercial real estate. What were once solid tenants...
NMHC expands, strengthens its commitment to diversity, equity and inclusion in the multifamily industry
The National Multifamily Housing Council (NMHC) announced new programs and resources dedicated to building on NMHC’s work for the past decade promoting diversity, equity and inclusion as a multifamily business imperative key to innovation...
CBRE arranges sale of Denim Scottsdale apartments
CBRE arranged the sale of the 644-unit multifamily community Denim Scottsdale on behalf of TruAmerica Multifamily to Bluerock Real Estate.
CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties...
JLL closes $10.6M sale of 56-unit apartment property in Raleigh
JLL announces it has closed the $10.6 million sale of Historic Boylan, a 56-unit, boutique apartment community in Raleigh, North Carolina.
JLL marketed the property on behalf of the seller, Blue Heron Real Estate Opportunity...
Old Three Hundred Capital secures $61.4 million in financing for the acquisition of the...
JLL Capital Markets announced it arranged a total of $61.4 million in acquisition financing for Muir Lake Apartments, a multihousing property located in Cedar Park, near Austin, Texas.
JLL worked on behalf of the borrower,...
HUD expands housing preservation program to include senior housing
In an effort to preserve and improve critically needed affordable housing for low-income seniors, the U.S. Department of Housing and Urban Development (HUD) announced a significant expansion of its Rental Assistance Demonstration (RAD) to...
Institutional Property Advisors brokers $63 million newly constructed luxury apartment complex sale in Windsor...
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Preserve at Great Pond, a newly constructed, 230-unit luxury apartment complex in Windsor, Connecticut. The property sold for $63 million.
“The...
Declining affordability conditions put a damper on new home sales
Worsening affordability conditions stemming from growing supply chain disruptions and rising mortgage rates pushed new home sales lower in March.
Sales of newly built, single-family homes in March fell 8.6 percent to a 763,000 seasonally...
$372.6 million in financing secured for Arizona and Texas multihousing properties
JLL Capital Markets announced that it has arranged refinancing in the aggregate amount of $372.6 million for a 10-property, 2,549-unit multihousing portfolio located across Arizona and Texas.
JLL worked on behalf of the borrower, Wealhouse...
Marcus & Millichap arranges the sale of a 56-unit apartment building in Seminole, Florida
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Seminole Village Apartments, a 56-unit apartment property located in Seminole,...
Apartment industry reacts to Trump order on regulations
The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) applaud the Trump administration’s signing of an Executive Order directing agencies to use emergency authorities to identify regulations that can be rescinded...
Wood Partners opens new luxury apartment community in Orlando
Wood Partners, a national leader in multifamily real estate development and acquisition, announced today that Alta Grande is officially open.
Located at 3512 Grande Reserve Way in Orlando, Alta Grande is the newest luxury apartment...
