JLL Secured $101.2M in Financing for Class A Nashville Apartment Building
JLL announced that it has arranged the $101.2 million refinancing for Kenect Nashville, a 420-unit, Class A, 2020-vintage, high-rise apartment building located in Nashville’s Midtown neighborhood. “We’re extremely pleased to secure additional capital to power...
Dominium Acquires Land for The Safford, Plans to Develop 200 New Affordable Apartment Homes...
Dominium, a leading affordable housing owner, developer and manager, announced that it has closed a deal to acquire land for the development of a new affordable housing community in Marana, Arizona. Dominium plans to use...
Subtext Breaks Ground on New Student Housing Development Near Purdue University
Subtext, a national real estate company, is thrilled to announce the launch of their second property at Purdue University, a testament to their commitment to providing exceptional housing solutions for the growing student population....
Leasing Launches at The James Multifamily Community in the Greater St. Louis Area
High Street Residential, the residential subsidiary of Trammell Crow Company, launched leasing at The James, a five-story multifamily community in Kirkwood, Missouri. “The reception to the leasing launch at The James has been exceptional, with...
Governor Hochul Announces Completion of 96-Unit Affordable and Supportive Housing Development in the Bronx...
Governor Kathy Hochul announced the completion of 2050 Grand Concourse, an affordable and supportive housing development with 96 apartments in the Bronx’s Fordham Heights neighborhood. The all-electric development was awarded funding from the State’s...
The NRP Group Celebrates Groundbreaking for New Affordable Community near San Antonio
The NRP Group’s commitment to creating high-quality housing continues with a new 300-unit apartment community in Schertz, Texas, known as Aviator 1518. It is the first-ever affordable housing development created through a partnership between...
Rents fall for third straight month
The latest rent report from Apartment List shows that the national median monthly rent growth in October was -0.7 percent. Year-over-year rent growth was -1.2 percent. Apartment List reported the national median apartment rent to...
Developers expect further decline in apartment starts, survey suggests
Apartment developers expect a further decline in apartment starts over the next 12 months, after already falling more than 40 percent this year, suggests a chart from John Burns Research. The chart is based...
Camden Property Trust Opens 420-Home Upscale Apartment Community Camden Durham in Downtown Durham North...
Camden Property Trust announced the opening of Camden Durham, a 420-unit upscale residential community located at 441 Dillard Street in downtown Durham, North Carolina. Also available for lease is approximately 5,945 SF of high visibility...
Optima, Inc. Sees Strong Leasing, Welcomes First Move-Ins at Optima Verdana® Luxury Rental Community...
Design-driven real estate firm Optima, Inc. has officially completed all spaces and begun welcoming resident move-ins at Optima Verdana®, its new luxury rental community in downtown Wilmette, Illinois. Optima Verdana® offers 100 thoughtfully designed residences...
NewPoint Provides $22.5 Million in Financing for Idaho Market Rate Workforce Housing Development
NewPoint Real Estate Capital has provided $22.5 million in HUD/FHA 221(d)(4) construction-to-permanent financing to facilitate the development of The Larkspur, an 86-unit market rate workforce housing community being built in Victor, Idaho by Plaza Equity...
Eastham Capital Sells Fairmount Meadows Apartments in Milwaukee for $12.75M
Eastham Capital, a private equity real estate firm dedicated to providing superior, risk-adjusted returns to investors through the transformation of undervalued multifamily real estate, along with their partner Chicago-based Bender Companies, a multifamily owner-operator...
JLL Secures $32.7M Joint Venture LP Equity And Construction Debt For 132-Unit Build-To-Rent Project...
JLL announced that it has arranged joint venture LP equity and non-recourse construction financing for the development of Townhomes at Powell, a 132-unit, townhome-style build-to-rent community in Wildwood, Florida within The Villages MSA. JLL worked...
Marcus & Millichap Closes 271-Unit Northwestern Louisiana Multifamily Asset Sale
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Preston Place & Port Au Prince, a 271-unit multifamily asset in...
Interra Realty Brokers $1.36 Million Sale of Vintage Multifamily Portfolio on Chicago’s West Side
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $1.365 million sale of a two-building, 20-unit multifamily portfolio in Chicago’s West Garfield Park and Austin neighborhoods. The transaction equated...