Wednesday, May 8, 2024

News

Evergreen Auburn

Muinzer Acquires 486-Bed Student Housing Property Evergreen Auburn Near Auburn University

Muinzer, a leading real estate investment firm specializing in student housing, alongside capital partner T2 Capital Management, announced the acquisition of Evergreen Auburn near Auburn University. The property was recently renovated with modern amenities, including...
employment growth continues in April

Employment growth slows in April

The Employment Situation Report from the Bureau of Labor Statistics stated that April employment levels in 3 of the 4 multifamily-related job categories we track rose from the preliminary levels reported last month despite...
194 East 2nd Street

Marcus & Millichap Closes $43M Mixed-Use Multifamily Asset Sale 194 East 2nd Street in...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 194 East 2nd Street, a 62-unit elevator building with approximately 10,000...
New Beginnings Community

Collaborating on Progressive Housing Solutions in Los Angeles’ Northeast New Beginnings Community

Ford E.C., a leader in inventive construction solutions, is proud to have been a crucial partner in addressing Los Angeles' housing crisis through its recent contribution to the Northeast New Beginnings Community project in...
Broadway Apartments

NAS Investment Solutions Completes Equity Raise in Des Moines Multifamily Property Broadway Apartments in...

NAS Investment Solutions (NASIS), a national sponsor of high-quality real estate investment properties, sold all available investment equity in the company's latest multifamily investment property, Broadway Apartments, in just sixty days from the date...
2000 Lake Washington

CBRE Facilitates Sale of Seattle-Area Lakefront Apartment Community 2000 Lake Washington for $53M

2000 Lake Washington, a 186-unit multifamily community in Renton, Washington traded hands in a $53.2 mil ($286k/unit) transaction. The asset was sold by New York Life Real Estate Investors, represented by CBRE. The property consists...
evaluating multifamily property prices

Unprecedented supply dampens favorable demand trends, says RealPage

Unprecedented apartment supply is dampening favorable demand trends, according to RealPage Analytics. Many owners report lease-up demand does not feel strong at the property level, despite positive demand. Year-over-year national apartment demand tripled...
multifamily construction completions

Multifamily construction spending trends lower

The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in March was down 0.61 percent from the revised level of the month before. Spending on...
Radbourne Lake Apartment

NexPoint Completes the Sale of Radbourne Lake Apartment Homes in Charlotte North Carolina

NexPoint Residential Trust, Inc. announced the closing of the sale of Radbourne Lake Apartment Homes in Charlotte, North Carolina, a 225-unit property built in 1991. Radbourne Lake Apartments features comfortable one-, two-, and three-bedroom apartments...
Adora at Rosehill

McGrath Announces Luxury Multifamily Community Near Houston Adora at Rosehill Now Open

McGrath Real Estate Partners announces their latest development, Adora at Rosehill is now open. Located in the heart of Tomball, the 15.4-acre community was designed to exude old-fashion charm with luxurious amenities and offer unique...
Amanda Zinsmeyer

Lion Expands Executive Team with Addition of 30-Year Multifamily Asset Leader Amanda Zinsmeyer

Lion Real Estate Group, LLC ("LREG"), a Dallas-based real estate investment and asset management firm focused on acquiring value-add and opportunistic multifamily properties, continues to expand its executive leadership team. The firm announced Amanda...
Avondale Apartments

DMG Capital and Wayland Real Estate Capital Announce Acquisition of Avondale Apartments in Chicago

DMG Capital, the multifamily investment affiliate of Chicago-based Daniel Management Group (DMG) partnered with Wayland Real Estate Capital to acquire Avondale Apartments located at 4179 W. Belmont. The building has been professionally managed by DMG...
Preserve at Hanover Park

CSG is Pleased to Announce the Nearly $54M Closing of Preserve at Hanover Park...

Churchill Stateside Group, LLC (“CSG”), a real estate and renewable energy financial services company, is pleased to announce the closing of the Preserve at Hanover Park in Beaufort, South Carolina. The financing for Preserve at...
Citra

Institutional Property Advisors Closes Sale and Arranges Financing for Multifamily Asset Citra in Phoenix

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale and financing of Citra, a boutique, 72-unit apartment property in Phoenix, Arizona. “The heavily built out Northwest Valley has strong renter demographics and a...
Stepping Stone Apartments

The Multifamily Group Completes the Sale of 80-unit Stepping Stone Apartments in San Antonio

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced the facilitation of the B-Class Stepping Stone Apartments sale in San Antonio. Paul Yazbeck represented the seller, a trusted local owner with...
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