Tag: News
Builder confidence edges lower as material challenges persist
Strong buyer demand helped to offset supply-side challenges relating to building materials, regulation and labor as builder confidence in the market for newly built single-family homes...
Birmingham investor OG Capital closes off-market purchase of Multifamily Waterfront Community in Riverside
An affiliate of OG Capital, LLC, a Birmingham real estate investment firm, has acquired Riverbend Apartments. The 144-unit apartment community, built in 1980 overlooking the Coosa River and...
Cushman & Wakefield arranges sale on behalf of Daniel Corporation
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Legacy Haywood, a 244-unit apartment community located in...
Institutional Property Advisors brokers sale of Landmark Tower in Hollywood
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Hollywood Tower, an historic, eight-story, 52-unit multifamily asset in Hollywood,...
Berkadia secures $43.2 million in acquisition financing for 252-unit community in Orlando
Berkadia announces it has arranged $43.2 million in financing for the acquisition of Legends at ChampionsGate, a 252-unit multifamily community in Orlando, Florida. Senior...
Blackstone acquires AIG affordable housing portfolio
On July 14, Blackstone Real Estate Income Trust (BREIT) announced that they reached a definitive agreement for BREIT to acquire AIG’s interests in a...
Interra Realty brokers $11.45 million sale of 7-building rental community in Chicago’s Albany Park...
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $11.45 million sale of 3634-48 and 3639-47 W. Montrose Ave., a...
Student housing demand will remain strong, but will be more diverse and focused on...
Student housing has historically experienced recession-proof demand as measured by enrollment in public four-year universities. NMHC’s Research Foundation has released two new reports exploring...
FCP acquires Westwood Glen Apartments in Atlanta for $24.5 million
FCP announces the acquisition of Westwood Glen, a 247-unit apartment community in Atlanta, GA for $24.5 million. The acquisition marks FCP’s 21st investment in Atlanta...
$50 million financing arranged for luxury multihousing development near Denver
JLL Capital Markets announced that it has arranged a $50 million construction loan for the development of Polaris Wadsworth Station Apartments, a 276-unit, to-be-built,...
NAHB urges Congress to enact policies to help builders boost housing production
National Association of Home Builders CEO Jerry Howard testified before Congress today and called on lawmakers to enact key policy proposals that will help home builders...
DB Capital increases Utah holdings with acquisition of 88-unit apartment community in South Salt...
Multifamily investment firm DB Capital Management (DB Capital) continues its investment activities in Utah with the acquisition of Spring Hollow, an 88-unit apartment complex...
American Landmark acquires 368-unit multifamily community in Dallas
American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired Olympus at Ross, a 368-unit multifamily community in...
Institutional Property Advisors completes apartment property sale in suburban Salt Lake City
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Broadmoor Village, a 348-unit apartment property in West Jordan, Utah. “Salt...
Magma Equities acquires 146-unit multifamily community in West Knoxville, Tennessee for $15.425 million
Multifamily investment firm Magma Equities (Magma) in partnership with Viking Partners has added to its Tennessee portfolio with the acquisition of Greentree Homes Apartments,...
