Trez Forman Capital Group closes $44.8 million construction loan
Florida-based Trez Forman Capital Group has completed a $44.8 million loan to finance construction of a new maintenance-free residential community in Southwest Florida geared towards baby boomers. The loan, which closed Thursday, February 1st,...
TransUnion + ApartmentJet address short term rental tenant screening challenge
Short-term rentals have caused major disruptions to the apartment industry, sometimes resulting in evictions, lawsuits and even regulatory changes. TransUnion announced it has partnered with ApartmentJet, Inc. to help multifamily property owners and management...
Demand surge puts Houston on top in 4Q
Houston was the nation’s leader for apartment demand in 4th quarter 2017 as a flurry of leasing activity following Hurricane Harvey drove up the metro’s overall numbers. The big surge in demand provided a...
Oakwood to open its first property in Osaka summer 2018
Oakwood Worldwide announced the planned opening of Oakwood Hotel & Apartments Shin-Osaka. Scheduled to open this summer, the property will be the first property in Japan outside of Tokyo, and it joins a growing...
Chicago law firm Ginsberg Jacobs provides outlook on affordable housing
Though Congress retained the Low-Income Housing Tax Credit (LIHTC) as part of its tax policy overhaul, the decision to also lower the corporate tax rate from 35 percent to 21 percent could lead to...
2-Year Delay of WOTUS Rule a Much-Needed Step, NAHB Says
The National Association of Home Builders (NAHB) applauds today's announcement by the Environmental Protection Agency mandating a two-year delay of the Obama-era "waters of the United States" (WOTUS) Rule.
"This delay gives the agency more...
Garden apartments lead rent growth
Rents in low-rise garden apartments continue to rise faster than pricing in taller residential structures. Garden apartments, defined as properties of one to three stories, register 3.1 percent rent growth for 2017, versus 1.4...
Record Tampa Bay area multifamily sale closed by Marcus & Millichap
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Lakeside Apartment Homes, a 228-unit apartment asset located in Brandon, Florida....
Multifamily investment opportunity offered exclusively by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the exclusive opportunity to acquire Bel Aire Terrace, a 324-unit apartment community in Crestview, Florida. The price is open bid.
“Bel Aire Terrace is...
Stiles|Hensler mixed-use development Peabody Union moves forward
Nashville, TN-based Hensler Development Group and South Florida-based Stiles announced today that they will co-develop Peabody Union, a mixed-use, luxury commercial and residential project in Nashville, TN. Peabody Union will establish a new Design...
Dean Schwanke named NAHB vice president for multifamily housing
The National Association of Home Builders (NAHB) today announced the appointment of Dean Schwanke to the position of Vice President, Multifamily Housing.
Schwanke will bring his broad research, economic analysis, communications, program planning and management...
Meridian Capital Group arranges $3.7 million in financing for a multifamily property in New...
Meridian Capital Group, America’s most active dealmaker, arranged $3.7 million in financing for the refinance of a multifamily property in New Haven, CT.
The seven-year, floating-rate loan is swapped at 190 basis points over LIBOR...
$20.5 million buys Tucson value-add multifamily asset
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of River Oaks Apartments, a 300-unit apartment complex in Tucson, Arizona. The $20.5 million sales price equates to $68,333 per unit.
“The...
$110 million multifamily asset in Phoenix sold by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Red Mountain Villas, a 768-unit apartment complex in Phoenix. The $110 million sales price equates to $143,229 per unit. The...
CA Senior Living announces start of construction on 128-unit Atria at River Trail in...
CA Senior Living LLC, the senior housing investment and development division of Chicago-based CA Ventures, today announced construction is underway on Atria at River Trail, a 128-unit senior living community at the corner of...
