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CGI Strategies Acquires LA-Area Community for $20M
News 3 hours ago
CGI Strategies Acquires LA-Area Community for $20M

The firm purchased Parkwood Apartments, a 78-unit property in the Los Feliz neighborhood, with plans to upgrade the building’s infrastructure and...

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Fairfield Residential Trades NorCal Apartments
News 18 hours ago
Fairfield Residential Trades NorCal Apartments

The company sold the 168-unit Class B community for more than $47 million three years after acquiring the asset from Interstate Equities Corp....

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2018 Multifamily Rent Growth Ends Strong
News 19 hours ago
2018 Multifamily Rent Growth Ends Strong

Annual rent growth has risen at least 2.9 percent every year and has surpassed 3 percent in six of the last eight years, according to a survey of...

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Charlotte-Area Community Secures $20M Financing
News 19 hours ago
Charlotte-Area Community Secures $20M Financing

The 162-unit mixed-use property is located in a walkable area near downtown Davidson, N. C., and was completed in 2016. An HFF team arranged the...

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McKenzie Brings New Units to WI Community
News 19 hours ago
McKenzie Brings New Units to WI Community

The development company has completed 60 units of Timber Valley Apartments, located in Madison, Wis., approximately 8 miles from the city’s...

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PRG Group Buys Luxury Charlotte Community for $49M
News 19 hours ago
PRG Group Buys Luxury Charlotte Community for $49M

The Miller-Valentine Group finished work on the 280-unit property in late 2017, following a year and a half of construction. The Miller-Valentine...

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Newly Built Jacksonville Community Trades for $54M
News 19 hours ago
Newly Built Jacksonville Community Trades for $54M

Hunt Real Estate Capital provided the buyer, EBSCO Income Properties, with more than $36 million in Fannie Mae acquisition financing. Integra Land...

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4-State Student Housing Portfolio Changes Hands
News 19 hours ago
4-State Student Housing Portfolio Changes Hands

A three-way joint venture acquired communities in Georgia, Tennessee, Texas and Washington. The properties encompass 2,282 units. A joint venture...

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Phoenix-Area Affordable Property Changes Hands
News 19 hours ago
Phoenix-Area Affordable Property Changes Hands

Atlantic Development & Investment sold the 184-unit asset in a 1031 exchange for nearly $23 million. The Canadian Imperial Bank of Commerce...

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How the Government Shutdown Impacts Multifamily
News 19 hours ago
How the Government Shutdown Impacts Multifamily

With HUD and other agencies currently disabled, residents and private sponsors of government-assisted housing are feeling the fallout from the...

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Nashville Luxury Project Gets $93M Refi
News 19 hours ago
Nashville Luxury Project Gets $93M Refi

Lifestyle Communities started work on the 411-unit asset in 2016, and the company plans to open the property early this year. Lifestyle Communities...

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RED Capital Group Expands in LA-Area
News 20 hours ago
RED Capital Group Expands in LA-Area

RED Mortgage Capital, a division of ORIX Real Estate Capital, opened a new Los Angeles office, three months after expanding into San Francisco. by...

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Increased Development Activity Burdens Self Storage Rent Growth
News 1 day ago
Increased Development Activity Burdens Self Storage Rent Growth

Although metros on the West maintained rent growth, street-rate rents continued to decline at 4.1 percent across the country. The new-supply...

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$190M Secured for LA-Area Luxury Community
News 1 day ago
$190M Secured for LA-Area Luxury Community

JPI will use the financing to develop a 480-unit Class A property situated within Vista Canyon, a 185-acre mixed-use master-planned development in...

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The Impact of Stock Market’s Plunge on CRE Investment
News 1 day ago
The Impact of Stock Market’s Plunge on CRE Investment

The Impact of Stock Market’s Plunge on CRE Investment CBRE’s global chief economist highlights two previous economic implosions, which took place...

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Santa Monica Retail Receives $10M Refi
News 1 day ago
Santa Monica Retail Receives $10M Refi

NorthMarq’s Los Angeles office secured the permanent fixed-rate loan through a CMBS lender. The approximately 16,000 square feet retail space is...

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VA Community Trades in 1031 Exchange
News 1 day ago
VA Community Trades in 1031 Exchange

Capital Square 1031 acquired Woodshire Apartments in Virginia Beach, Va., in a 1031 tax-deferred exchange. The property encapsulates 288 units...

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JLL Negotiates Historic NC Multifamily Deal
News 1 day ago
JLL Negotiates Historic NC Multifamily Deal

The firm worked on behalf of Novare Group to handle the $200 million sale of a two-tower community encompassing 672 units in Charlotte’s coveted...

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Newly-Constructed Houston-Area Community Changes Hands
News 1 day ago
Newly-Constructed Houston-Area Community Changes Hands

Oxford Enterprises Inc. purchased the 224-unit property located in Waller, Texas, from T. R. Inscore in a transaction facilitated by Institutional...

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Rent, Job Gains Low But Steady in St. Louis
News 1 day ago
Rent, Job Gains Low But Steady in St. Louis

The metro’s multifamily market continues to improve at a middling rate, as its population and job market grow at a pace below the national average....

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Luxury Community Changes Hands in KC
News 1 day ago
Luxury Community Changes Hands in KC

Union Berkley Riverfront Park includes 407 units and 12,400 square feet of retail space. Flaherty & Collins Properties broke ground on the project...

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Marcus & Millichap Facilitates Chicago Sale
News 1 day ago
Marcus & Millichap Facilitates Chicago Sale

The firm has brokered the transfer of an 81-unit community located in Chicago’s Rogers Park neighborhood, approximately 11 miles from downtown....

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Apartment Jobs Snapshot for Q4 2018
News 1 day ago
Apartment Jobs Snapshot for Q4 2018

The apartment industry labor market held its momentum through the final three months of the year. by the Editors of Multi-Housing News The...

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Dallas Housing Authority Aims to Grow Texas Affordable Housing
News 2 days ago
Dallas Housing Authority Aims to Grow Texas Affordable Housing

The group has formed public-private partnerships with 12 different firms in order to redevelop seven of its properties, totaling 650 units. The...

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Cottonwood Residential Sells Nashville Apartments for $40M
News 2 days ago
Cottonwood Residential Sells Nashville Apartments for $40M

The new owner rebranded the 327-unit Class B community as Allegro on Bell, with SunTrust Bank facilitating the acquisition through long-term...

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JV Acquires Chicago-Area Community
News 2 days ago
JV Acquires Chicago-Area Community

Marquette Companies and DRA Advisors LLC acquired the 558-unit community in Westmont, Ill. The seller was Long Wharf Capital LLC. A joint venture...

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Somerset Partners Buys Charlotte Community
News 4 days ago
Somerset Partners Buys Charlotte Community

The 155-unit multifamily asset changed hands for more than $15 million, with Capital Bank providing the buyer with $11.6 million in acquisition...

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HM Management Sells Knoxville Community
News 4 days ago
HM Management Sells Knoxville Community

Prime Property Investors purchased the 130-unit Class B community with the help of a $5.3 million loan from Wintrust Bank. HM Management has sold...

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Dornin Investment Group Repositions Las Vegas Asset
News 4 days ago
Dornin Investment Group Repositions Las Vegas Asset

The company obtained the asset in 2017, following the 2013 foreclosure of a CMBS loan. In the 18 months under its management, the community...

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Greysteel Brokers Sale, Loan for New TX Community
News 4 days ago
Greysteel Brokers Sale, Loan for New TX Community

A partnership including developer Rise Residential Construction has sold the 176-unit Majors Place in Greenville less than one year after its...

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