NMHC and NAA statement on the introduction of the Yes in My Backyard (YIMBY)...
Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) on the introduction of the Yes in My Backyard (YIMBY) Act:
NMHC and NAA are pleased to see the introduction of the...
Rate Desk May 7, 2020
May 7, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Getting to a green property by leveraging rebates, local requirements and benchmarking.
Rate Desk May 7 notes:
S&P and NASDAQ up, DJIA...
CBRE Multifamily Group sells Fountainhead Apartments to FPA Multifamily, LLC for $130 million
The CBRE Capital Markets team today announced the sale of Fountainhead Apartments in Westborough, Massachusetts, for $130,000,000.
Fountainhead Apartments is a 562-unit 100 percent market-rate apartment community spread through three eight-story buildings that are situated...
1,546-bed student housing portfolio sale brokered by the Shin and Zylstra Team of Marcus...
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of the Rexburg Portfolio, an eight-property, 1,546-bed student housing portfolio located...
$2.52 million financing secured for Wyoming affordable housing community
JLL Capital Markets announced that it has arranged the $2.52 million acquisition financing for Autumn Ridge, a 48-unit, garden-style affordable housing community located in Laramie, Wyoming.
JLL worked on behalf of the borrower, Graystoke Capital...
NYC-based Spruce Properties buys Des Moines-area portfolio for $56.75M, largest single apartment trade in...
JLL Capital Markets announced that it closed the $56.75 million sale and arranged $45.4 million in acquisition financing for a multihousing portfolio consisting of six apartment communities in the suburbs of Des Moines, Iowa.
JLL...
$60.25 million sale of multihousing community near Las Vegas closes
JLL Capital Markets announced that it has closed the $60.25 million sale of Vantage Lofts with a price per unit closing of $547,727. The property is a 110-unit, luxury multihousing community located within the...
PHFA issues RFP for local groups to request funding for housing initiatives
The Pennsylvania Housing Finance Agency is issuing a Request for Proposals soliciting applications from organizations for projects to improve the availability and affordability of housing across the commonwealth. Funding for this RFP is being...
Central Texas multifamily asset sale facilitated by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of McCarty Commons, a newly constructed, 249-unit apartment complex in San Marcos, Texas.
“Employment opportunities in the Greater San Marcos region have...
Yardi matrix reports strong student housing preleasing activity
Yardi Matrix reports strong student housing preleasing in its most recent Yardi Matrix National Student Housing Report.
The off-campus student housing sector continues to post solid fundamentals, beating out last year’s preleasing rate...
Multifamily fundamentals begin to stabilize
The U.S. multifamily sector is beginning to stabilize as vacancy rate expansion and negative absorption ease—trends that are expected to continue in 2023, according to CBRE’s latest research.
The overall multifamily vacancy rate increased by...
Decron Properties acquires Class A multifamily community in Tempe, Arizona for $64.750 million
Decron Properties has made its second acquisition in the Phoenix MSA in the past six weeks with the purchase of 1221 Broadway, a 194-unit Class-A multifamily community in Tempe, Ariz. for $64.750 million.
Decron made...
Parkview Financial provides $42 million construction loan for 141-unit waterfront apartment/condominium project in Camas,...
Parkview Financial has announced it has provided a $42 million construction loan to Kirkland Development for the construction of The Ledges at Columbia Palisades, an entitled 90-unit apartment and 51 condominium project located at...
American Landmark acquires 338-unit transit-oriented apartment community near University of North Carolina at Charlotte
American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired V& Three, a 338-unit apartment community built in 2019 in the Autumnwood submarket of Charlotte, North Carolina—just five...
IPA closes Class A multifamily deal in West Valley for $58.5 million
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Remington Ranch, a 304-unit multifamily asset in the Phoenix metro area. The asset sold for $58.5 million, or $192,434...
