Friday, November 15, 2019

News

FHA releases 2019 annual report to Congress

The Federal Housing Administration (FHA) released its 2019 Annual Report to Congress on the economic condition of the agency’s Mutual Mortgage Insurance Fund (MMI Fund). FHA reports that at the end of Fiscal Year...

Gebroe-Hammer Associates arranges $154.3+ milion in Bergen/Passaic County, NJ sales

Long considered one of the highest-barrier-to-entry multifamily investment submarkets in the state, the Bergen/Passaic County apartment-property corridor continues to live up to its enduring reputation, according to Gebroe-Hammer Associates. While for-sale product remains scarce—and...
Champions Woods Apartments

JLL closes sale, financing of Northwest Houston apartments

JLL announced today that it has closed the sale and arranged acquisition financing for Champions Woods Apartments, a 186-unit, garden-style multihousing community in Northwest Houston. JLL marketed the property exclusively on behalf of the seller,...

Construction complete on University of Colorado Boulder’s newest and largest residence hall Williams Village...

The new Williams Village East residence hall at the University of Colorado Boulder proudly welcomed its first students in August for the fall 2019 semester. The 178,000-square-foot residence hall, the university’s largest, houses a...

Trump administration announces continued decline in veteran homelessness

During a press conference at Harbor Homes in Manchester, New Hampshire, U.S. Housing and Urban Development (HUD) Secretary Ben Carson announced veteran homelessness in the U.S. continues to decline according to a new national...
The Riviera

Avison Young completes $16.76-million portfolio sale of two value-add apartment properties totaling 72 units...

Avison Young, the world’s fastest-growing commercial real estate services firm, announced today it has completed the $16.76-million portfolio sale of The Riviera and Rainbow Gardens, two nearby apartment properties totaling 72 units in Azusa,...

NMHC & Kingsley 2020 Apartment Resident Preferences Report takes residents’ pulse on top leasing...

From must-have technology to popular pet perks, the 2020 Apartment Resident Preferences Report released today by the National Multifamily Housing Council (NMHC) and Kingsley Associates provides an exhaustive look at what apartment residents want...
Arcadia’s Edge

West Shore acquires Class A luxury asset in South Carolina

West Shore LLC, a fully integrated, multifamily real estate investment firm, today announced the acquisition of Arcadia’s Edge, a 204-unit luxury residential community in Columbia, South Carolina.  The top-tier, Class A asset, which offers...
University Apartments

Magma Equities acquires 199-unit apartment community in Raleigh, NC

Multifamily investment firm Magma Equities has made its third investment in the Raleigh-Durham MSA this year, with the off-market acquisition of a 199-unit garden style apartment community in downtown Raleigh, NC. University Apartments is located...
The Suites on Lincoln

Stepp Commercial completes $4.05 million sale of The Suites on Lincoln in Santa Monica,...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.05 million sale of The Suites on Lincoln, located at 911 Lincoln Boulevard, just south of stylish Montana Avenue...
Bel Aire Court Apartments

Trion Properties successfully sells two upgraded west coast multifamily assets totaling 108 units

Trion Properties, a private equity real estate firm that specializes in value-add multifamily investments along the west coast, recently sold two renovated multifamily communities totaling 108 units in Los Angeles, California, and Beaverton, Oregon,...
Springdale Apartments

JLL arranges financing for Milwaukee-area apartments

JLL announced today that it has arranged financing for Springdale Apartments, a 199-unit apartment community located in the Milwaukee suburb of Waukesha, Wisconsin. JLL worked on behalf of the sponsor, Spaulding Group, to secure the...

Secretary Carson asks the FTC to investigate websites selling assistance animal documentation

Recently, U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson wrote to Chairman of the U.S. Federal Trade Commission (FTC) Joseph J. Simmons and Director of the Bureau of Consumer Protection Andrew...

Cushman & Wakefield arranges $54.25 million sale for Newport Development Partners

Cushman & Wakefield has arranged the $54.25 million sale of 464 Bishop, a 232-unit apartment community located in Atlanta. Chris Spain, Robert Stickel and Alex Brown of Cushman & Wakefield represented the seller, Newport...
RealPage

RealPage to acquire Buildium

RealPage, Inc. announced on November 6  that it has agreed to acquire Buildium LLC, a leading SaaS real estate property management solution provider targeting smaller multifamily, single-family, Associations (HOA and Condo) and commercial real...
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