Gebroe-Hammer Associates reports $458.79 million in multifamily sales at midyear 2020
A strong Q1 for Gebroe-Hammer Associates and an agile approach to finalizing multifamily sales transactions during COVID-19’s Q2 have yielded an impressive total of 33 deals sold for $458,791,000 and 3,009 units at the...
Assessing the apartment market, summer 2020
RealPage recently presented their US Summer Apartment Market Outlook webcast. Greg Willett, chief economist, and Ada Couch, market analyst at RealPage conducted the presentation. They covered both the current state of the market as...
Rate Desk Wednesday, July 15, 2020
July 15, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Understanding all aspects of your loan—from cash distributions to exit timing—and aligning it with your business plan.
Rate Desk notes July 15,...
Meridian Capital Group arranges $92 million in financing for a multifamily portfolio in Newark,...
Meridian Capital Group, America’s most active dealmaker, arranged $92 million in financing to refinance a multifamily portfolio consisting of four properties in Newark, Dover, and Wilmington, DE.
The three 10-year Freddie Mac loans, provided by...
NMHC Rent Payment Tracker finds 87.6 percent of apartment households paid rent as of...
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 87.6 percent of apartment households made a full or partial rent payment by July 13 in its survey of 11.4 million units of professionally...
Rate Desk Tuesday, July 14, 2020
July 14, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Millennials surpass boomers as largest cohort and adjusting to the suburban shift with wholistic community developments.
Rate Desk notes July 14, 2020
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Construction material prices rise on higher lumber prices
The Bureau of Labor Statistics (BLS) released its producer price index report for June 2020. It showed that overall prices for processed goods for intermediate demand rose by 0.9 percent. A 7.2 percent jump...
Former office park in San Mateo, California, sells for $106 million
A prime parcel of 11 acres strategically positioned between San Francisco and Silicon Valley has been purchased by Pulte Homes for redevelopment into a residential neighborhood of 190 homes, according to Cameron Fowler of...
Fogelman Partnership completes acquisition of 334-unit multifamily community in Atlanta
Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the acquisition of Fields Waterford Point, a 334-unit multifamily community located in Lithia...
LEED homes awards announced
The U.S. Green Building Council (USGBC) announced the recipients of the annual LEED Homes Awards. The awards recognize LEED-certified residential projects that are positively impacting communities through sustainable, healthy and resilient design, as well...
Rate Desk Monday, July 13, 2020
July 13, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Making sure your properties are fully compliant for all accessibility requirements.
Rate Desk notes July 13, 2020
DOW up, NASDAQ, S&P down
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Leading single-family rental developer hires VP of Development in Central Florida
NexMetro Communities has hired William Hulton to oversee land acquisition and development of its new single-family rental neighborhood projects in Central Florida. The company recently closed on its first parcel in the greater Tampa...
The jobs market rebound begins
The Bureau of Labor Statistics (BLS) recently released its Job Openings and Labor Turnover (JOLT) report for May. It shows how the jobs market is responding to the economy being reopened after the COVID-19...
Institutional Property Advisors brokers multifamily sale in Utah
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Liberty Crossing, a 95-unit multifamily asset in Salt Lake City, Utah.
“The underlying dynamics of the Salt Lake City investment market...
Jonathan H. Brinsden appointed as ULI Americas Chairman
Jonathan H. Brinsden, chief executive officer of Houston-based real estate investment and development firm, Midway, has been appointed as ULI Americas Chairman. Brinsden, who succeeds Jack Chandler, founder of Majesteka Investment Holdings, will serve...
