Tag: News
Rent Payment Tracker: payments up 1.7 percent over last month
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 77.1 percent of apartment households made a full or partial rent payment by December...
Biden plan to combat corruption includes new real estate rules
The White House’s new plan to combat corruption—both domestically and overseas—seeks to, among other things, add new regulations on the real estate industry. The United...
Suburban shift eases in the third quarter
The suburban shift for single-family home buying precipitated in large part by the onset of the COVID-19 pandemic last year continues but new data reveals that...
Apartment rent and occupancy hit record highs
Apartment rent growth and occupancy set new records in November, yet another sign that the nation’s housing market isn’t following seasonal patterns this year....
Multihousing community near Tampa refinanced with $53.77 million loan
JLL Capital Markets announced that it has arranged a $53.77 million refinancing for The Grove at South Shore, a 340-unit, garden-style apartment community in...
Trion Properties continues investment in Northern California market with acquisition of six multifamily communities...
Trion Properties, a private equity real estate firm based in West Hollywood, California and Miami, Florida specializing in multifamily investments, has acquired six multifamily...
Mesa West provides The Preiss Company with $97.7 million to finance acquisition of two...
Mesa West Capital has provided a joint venture between The Preiss Company (TPCO) and an institutional equity partner with $97.7 million in first mortgage...
Berkadia arranges acquisition loan for 144-unit built to rent community in Kyle, Texas
Berkadia announces it has secured financing for the acquisition of Urbana at Plum Creek, a 144-unit single family, built-to-rent community in Kyle, Texas. Managing...
Next Wave acquires 160-unit multifamily community in Prescott, Arizona for $58 million
Next Wave Investors, LLC (Next Wave), a private equity firm focused on value-add multifamily investments, has acquired Willow Creek Apartments, a 160-unit garden-style apartment...
Berkadia arranges sale and financing of boutique residential high-rise in Miami’s Wynwood Neighborhood
Berkadia announces it has arranged the sale and financing of Wynwood Bay, a 156-unit residential high-rise located in the Wynwood submarket of Miami, Fla....
Developer buys $29 million trophy value-add property near Sunset Strip in West Hollywood
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Terraces at La Cienega, a 42-unit apartment property located just...
Institutional Property Advisors negotiates metroplex multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Jameson at the Bluffs, a 387-unit multifamily asset in...
Property owner sues East Orange, New Jersey, for stealing $80,000 in equity
An East Orange property owner filed a lawsuit challenging a state tax scheme that allowed the city to take her entire property for paying...
JLL’s D.C. Capital Markets team appoints multihousing co-lead
JLL Capital Markets announced that it has hired Bret Thompson as a Senior Director in its Washington, D.C. office. Thompson will co-lead the multihousing...
$84.35 million sale of multihousing community near Boston closes
JLL Capital Markets announced that it has closed the $84.35 million sale of and arranged $60.9 million in acquisition financing for Eliot on Ocean,...
