CBRE reports stable cap rates in Q2
A new report from CBRE states that cap rates used for underwriting prime class A multifamily assets were nearly unchanged in Q2 from their levels of the previous quarter. The pulse of the market The report...
Forman Capital provides construction financing for Townhome Rental Project in Austin Market
Forman Capital, a private direct real estate lender based in Palm Beach County, Florida, funded a $19.496 million construction loan and preferred equity investment for a 64-unit townhome rental project in Taylor, Texas—part of...
MassHousing closes on $13.3 million in affordable housing financing for the acquisition and renovation...
MassHousing has closed on $13.3 million in affordable housing financing to Van der Heyden Apartments Limited Partnership for the acquisition, renovation and extension of affordability at the 45-unit Van der Heyden Apartments in Springfield....
West Shore acquires Atlas Bluewood Apartments in Dallas-Fort Worth market
West Shore, a fully integrated real estate investment firm with a specific focus on the acquisition and management of multifamily assets, announced its acquisition of The Livano at Bluewood, located north of Dallas in...
New home sales cool in June on higher mortgage rates
Rising mortgage rates and elevated construction costs put a damper on new home sales last month. Sales of newly built, single-family homes in June fell 2.5 percent to 697,000 seasonally adjusted annual rate from a...
Student housing has solid fundamentals at mid-year
Yardi Matrix recently released a report on the off-campus dedicated student housing industry which shows strong operational performance from the sector. However, property sales transaction volume has been declining. Yardi Matrix collects information on a...
Kiser Group closes a $4 million portfolio in Chicago Lawn
Kiser Group's brokers, John George and Joe Bianchi, have successfully facilitated the sale of a $4M portfolio in the Chicago Lawn neighborhood. The portfolio consists of four adjacent buildings, offering immediate economies of scale...
ABI Multifamily brokers 20-unit Southwest Mesa multifamily apartment community for $4.8 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $4,800,000 / $240,000 Per Unit / $294.12 Per SF sale of First Avenue Townhouses, a...
PCCP, LLC provides $53 million loan to refinance newly built 266-unit Class A apartment...
PCCP, LLC has provided a $53 million bridge loan to P.B. Bell for the refinance of Hangar at Thunderbird, a newly built 266-unit, 19-building apartment community located at 15301 N 37th Avenue in Glendale,...
CBRE arranges sale of multifamily asset in Orange County, Calif., for $462 PSF
CBRE announced the sale of a four-unit multifamily property in Orange County, Calif., for $1,590,000, representing 99 percent of the list price and $462 per square foot. CBRE’s Executive Vice President Dan Blackwell, Vice President...
Economic momentum drives Fannie Mae forecast
Fannie Mae’s July economic and housing forecast reflects the surprising strength of the U.S. economy in early 2023. It predicts a higher level of multifamily starts and single-family starts in both 2023 and 2024...
Interra Realty brokers $1.84 million sale of multifamily building in Chicago’s West Suburbs
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $1.84 million sale of a 15-unit multifamily property in Forest Park, Ill., located about 10 miles west of Chicago. The...
Newmark facilitates sale of 336-unit value-add multifamily community in Austin’s Silicon Hills
Newmark announces it has completed the sale of Autumn Ranch on Swenson Farms, a 336-unit value-add multifamily asset located in Pflugerville, Texas, in Austin’s Silicon Hills. Newmark Vice Chairman Patton Jones and Managing Director Andrew...
Berkadia arranges loan for acquisition of apartments in Plantation, Florida
Berkadia announces it has arranged financing for Atlantic Pacific Companies and LEM Capital to acquire Verona View Apartments, a 293-unit apartment community in Plantation, Florida. Senior Managing Director Mitch Sinberg, Managing Directors Brad Williamson, Scott...
DLP Capital hires seasoned multifamily executive Tom Hallock as chief lending officer
DLP Capital, a private real estate investment and financial services firm with more than $4.5 billion of assets under management, today announced that Tom Hallock has joined the firm as Chief Lending Officer. Hallock...
