Multi-Housing News

Multi-Housing News Multi-Housing News on Facebook, facilitated by the editors of MHN, is where the multi-housing community can exchange ideas, best practices and news. We seek to encourage thought leadership among our members as well as networking opportunities.

04/03/2020

Here's a quick overview of the most popular posts in March.

As lenders nationwide hunker down and prepare for an economic downturn, Fannie Mae and Freddie Mac are implementing stri...
04/03/2020
Fannie, Freddie Raise Reserve Requirements as Loan Standards Tighten

As lenders nationwide hunker down and prepare for an economic downturn, Fannie Mae and Freddie Mac are implementing stricter multifamily loan terms.

Meeting the higher standards for reserve capital is likely to be a tall order for many borrowers, reports Paul Fiorilla of Yardi Matrix.

Apartment operators are preparing for a month of uncertainty as business closures due to coronavirus take a growing toll...
04/03/2020
Amid Job Losses, Giving Renters a Hand

Apartment operators are preparing for a month of uncertainty as business closures due to coronavirus take a growing toll on the American workforce.

Apartment operators are working with residents as millions of Americans file for unemployment.

Mortenson, along with US Bank, hired Cuningham Group as the project’s architect, conceptual and interior designer.
04/02/2020
Mortenson Opens Luxury Minneapolis Property

Mortenson, along with US Bank, hired Cuningham Group as the project’s architect, conceptual and interior designer.

The 283-unit community Rafter was designed by Cuningham Group and features local art and neighborhood inspiration.

Emotions are running really high right now. We're all scared. We're all anxious. We're all stir crazy. It's becoming rea...
04/02/2020
Your Guide to Not Lashing Out at Your Renters During COVID-19

Emotions are running really high right now. We're all scared. We're all anxious. We're all stir crazy. It's becoming really hard not to snap at people. Good thing there are ways to stop yourself.

Emotions are running really high right now. We're all scared. We're all anxious. We're all stir crazy. It's becoming really hard not to snap at people. Good thing there are ways to stop yourself.

Berkadia worked on behalf of the owner to arrange a 10-year, fixed-rate Fannie Mae loan.
04/02/2020
South Florida Community Scores $25M Refi

Berkadia worked on behalf of the owner to arrange a 10-year, fixed-rate Fannie Mae loan.

Berkadia worked on behalf of the owner to arrange a 10-year, fixed-rate Fannie Mae loan.

The state changed course on Thursday, announcing that certain in-person activities at residential properties are now all...
04/02/2020
Yes, Residential Showings Are Essential, New York Says

The state changed course on Thursday, announcing that certain in-person activities at residential properties are now allowed to take place.

The state changed course on Thursday, announcing that certain in-person activities at residential properties are now allowed to take place.

Miss any of our articles? Catch up with five of our most popular posts for the month.
04/02/2020
Multi-Housing News

Miss any of our articles? Catch up with five of our most popular posts for the month.

Join MHN and IREM president Cheryl Gray as we discuss best approaches to managing apartment communities and protecting t...
03/31/2020
Snap Sessions: Managing Communities in the Face of COVID-19

Join MHN and IREM president Cheryl Gray as we discuss best approaches to managing apartment communities and protecting tenants during the COVID-19 pandemic.

Join MHN and IREM president Cheryl Gray as we discuss best approaches to managing apartment communities and protecting tenants during the COVID-19 pandemic. 

A new report by Amherst finds that coronavirus-related business closures could take a heavy toll on apartment residents.
03/31/2020
U.S. Renters May Need $12B in Monthly Support

A new report by Amherst finds that coronavirus-related business closures could take a heavy toll on apartment residents.

A new report by Amherst finds that coronavirus-related business closures could take a heavy toll on apartment residents.

A joint venture between Fickling & Company and Novare Group has opened Lullwater at Blair Stone, a 244-unit luxury apart...
03/31/2020
Fickling & Co. JV Opens Florida Luxury Apartments

A joint venture between Fickling & Company and Novare Group has opened Lullwater at Blair Stone, a 244-unit luxury apartment community in Tallahassee, Fla.

Lullwater at Blair Stone, located in Tallahassee, offers 244 units in the Southwood area.

Self-guided tours, drones and immersive reality can help real estate businesses avoid a total shutdown during these unce...
03/31/2020
Leaning on Tech Amid Coronavirus Turbulence

Self-guided tours, drones and immersive reality can help real estate businesses avoid a total shutdown during these uncertain times.
Read all about it.

Self-guided tours, drones and immersive reality can help real estate businesses avoid a total shutdown during these uncertain times.

The property is the final tranche of a 13-property multifamily housing portfolio marketed by JLL on behalf of Berkshire ...
03/31/2020
Berkshire Residential Sells Los Angeles Mixed-Use Property

The property is the final tranche of a 13-property multifamily housing portfolio marketed by JLL on behalf of Berkshire Residential Investments.

JLL represented the seller in its disposition of One Santa Fe, located in the Arts District.

In an interview with MHN, Andrew Hamrick of the Apartment Association of Metro Denver explains why Colorado’s housing cr...
03/31/2020
Denver’s Affordable Housing Issue: An Insider’s Perspective

In an interview with MHN, Andrew Hamrick of the Apartment Association of Metro Denver explains why Colorado’s housing crisis is a community-wide issue that requires community-level solutions.
He also talks about the potential effects of rent regulation in Denver.

Andrew Hamrick of the Apartment Association of Metro Denver explains why Colorado’s housing crisis is a community-wide issue that requires community-level solutions. He also talks about the potential effects of rent regulation in Denver.

The moratorium comes a week after a previous order from Governor Newsom allowed local governments to halt evictions.
03/30/2020
California Enacts Statewide Eviction Ban

The moratorium comes a week after a previous order from Governor Newsom allowed local governments to halt evictions.

The moratorium comes a week after a previous order from Governor Newsom allowed local governments to halt evictions.

With the bill passing and social distancing guidelines being extended, the industry is sizing up the situation and looki...
03/30/2020
What’s Missing From the $2T Stimulus Package?

With the bill passing and social distancing guidelines being extended, the industry is sizing up the situation and looking at what's to come.

With the bill passing and social distancing guidelines being extended, the industry is sizing up the situation and looking at what's to come.

Berkadia's Senior Managing Director Cole Whitaker and Director Greg Rainey assisted seller Quad Property Group in the $1...
03/30/2020
Berkadia Closes Sale, Financing for Suburban Jacksonville Asset

Berkadia's Senior Managing Director Cole Whitaker and Director Greg Rainey assisted seller Quad Property Group in the $10.6 million disposition.

Working on behalf of the seller, Cole Whitaker and Director Greg Rainey negotiated the $10.6 million deal.

The $2 trillion federal stimulus package is inching toward finalization. Here are the key provisions for multifamily own...
03/27/2020
What the $2T Federal Package Means for Multifamily

The $2 trillion federal stimulus package is inching toward finalization. Here are the key provisions for multifamily owners and their residents.
#coronavirus

The bill, scheduled for a Friday vote in the House, contains direct and indirect benefits for apartment owners and operators.

The new program’s goal is to offer lodging to 100,000 health-care professionals, relief medical workers and other medica...
03/27/2020
Airbnb Launches Global Initiative for COVID-19 Responders

The new program’s goal is to offer lodging to 100,000 health-care professionals, relief medical workers and other medical support staff around the world.
#coronavirus

The program aims to offer 100,000 free rentals for frontline relief workers.

Community Preservation Partners has completed the most extensive rehabilitation project in its history at the sprawling ...
03/27/2020
CPP Completes Extensive San Jose Rehab Project

Community Preservation Partners has completed the most extensive rehabilitation project in its history at the sprawling El Rancho Verde multifamily community in San Jose, Calif.

El Rancho Verde underwent a $50 million capital improvement program that included the addition of solar thermal systems and wireless security.

Westplan Investors has received $27.8 million in financing from Citizens Bank for the development of a community in Nash...
03/25/2020
Westplan Lands $28M Loan for Nashville Project

Westplan Investors has received $27.8 million in financing from Citizens Bank for the development of a community in Nashville, Tenn., according to public records.

The 236-unit community will take shape next to the Music City's upcoming Major League Soccer stadium.

While senior housing REITs are getting pummeled as investors pull back, fundamentals remain strong and operators are pre...
03/25/2020
Senior Housing Industry Tells Investors: Don’t Panic

While senior housing REITs are getting pummeled as investors pull back, fundamentals remain strong and operators are prepared for the crisis.

While senior housing REITs are getting pummeled as investors pull back, fundamentals remain strong and operators are prepared for the crisis.

Keep these three elements in mind when working through a crisis like the current pandemic, advises Dru Armstrong of Grac...
03/25/2020
Master These Communication Loops Amid COVID-19

Keep these three elements in mind when working through a crisis like the current pandemic, advises Dru Armstrong of Grace Hill.

Keep these three elements in mind when working through a crisis like the current pandemic, advises Dru Armstrong of Grace Hill.

Watermark Residential has acquired 23 acres of land in Kansas City, Mo., to develop a Class A, three-story, garden-style...
03/25/2020
Watermark Residential Begins Kansas City Project

Watermark Residential has acquired 23 acres of land in Kansas City, Mo., to develop a Class A, three-story, garden-style apartment community.

The completed garden-style community will feature 276 units within Platte County.

Berkadia’s Senior Managing Director Mark Vogel and Director Dan Geuther from the Cleveland office secured the permanent ...
03/25/2020
Berkadia Arranges $117M in Cleveland Refis

Berkadia’s Senior Managing Director Mark Vogel and Director Dan Geuther from the Cleveland office secured the permanent refinancings for both properties through Freddie Mac.

The Freddie Mac loans will be used for two properties, Edison at Gordon Square and Innova.

Darwin German Real Estate Investments has obtained $27.4 million in debt and equity financing for the acquisition of Gol...
03/25/2020
Darwin German Real Estate Secures Financing for Texas Acquisition

Darwin German Real Estate Investments has obtained $27.4 million in debt and equity financing for the acquisition of Gold Creek Apartments in Fort Worth, Texas.

Nova Capital arranged the loan for the purchase of Gold Creek Apartments in a suburb of Fort Worth.

JBG SMITH has received the green light for its proposed two-tower residential development in National Landing, the new A...
03/24/2020
Two-Tower Community in Amazon’s HQ2 Gets Green Light

JBG SMITH has received the green light for its proposed two-tower residential development in National Landing, the new Amazon.com headquarters across the Potomac River from Washington, D.C.

JBG SMITH's proposed development would bring about 811 new residential units to National Landing.

#BrokersCorner | Berkadia's Mitch Sinberg, Brad Williamson and Wes Moczul arranged the Freddie Mac financing for the pur...
03/24/2020
Berkadia Secures Acquisition Loan for Value-Add Tampa Asset

#BrokersCorner | Berkadia's Mitch Sinberg, Brad Williamson and Wes Moczul arranged the Freddie Mac financing for the purchase of a 180-unit community.

Mitch Sinberg, Brad Williamson and Wes Moczul arranged the Freddie Mac financing for the purchase of a 180-unit community.

NorthMarq secured the 10-year loan from a life insurance company on behalf of owner Metonic Real Estate Solutions.
03/24/2020
Suburban Omaha Community Lands $13M Refi

NorthMarq secured the 10-year loan from a life insurance company on behalf of owner Metonic Real Estate Solutions.

NorthMarq secured the 10-year loan from a life insurance company on behalf of owner Metonic Real Estate Solutions.

In an interview with Multi-Housing News, West Hill Architects Founding Partner David West provides insights on how water...
03/24/2020
Why Waterfront Micro-Neighborhoods Are so Popular

In an interview with Multi-Housing News, West Hill Architects Founding Partner David West provides insights on how waterfront developments are reshaping New York City boroughs.

Check out the full interview below. #MHNTalks

West Hill Architects Founding Partner David West provides insights on how waterfront developments are reshaping New York City boroughs.

03/24/2020

Managers of multifamily properties face an unprecedented event in the coronavirus pandemic. Here's what to do next.

JLL's Mox Gunderson, Dan Linnell, Josh Talberg and Adam Haydon assisted Sherman Associates in the disposition of the 190...
03/24/2020
JLL Closes Sale of 88-Unit St. Paul Community

JLL's Mox Gunderson, Dan Linnell, Josh Talberg and Adam Haydon assisted Sherman Associates in the disposition of the 1909-built, adaptive-reuse property.

Mox Gunderson, Dan Linnell, Josh Talberg and Adam Haydon assisted Sherman Associates in the disposition of the 1909-built, adaptive-reuse property.

Blaze Partners has purchased Nine15 Apartments, a 362-unit luxury community in downtown Tampa, Fla. Carter sold the 2017...
03/23/2020
Carter Cashes In on Tampa Luxury Tower

Blaze Partners has purchased Nine15 Apartments, a 362-unit luxury community in downtown Tampa, Fla. Carter sold the 2017-completed property, with Walker & Dunlop assisting in the negotiations.

FOURMIDABLE Property Management has been selected to manage three communities totaling 247 units in Waterloo, Iowa. This...
03/23/2020
FOURMIDABLE to Manage 3 Affordable Iowa Communities

FOURMIDABLE Property Management has been selected to manage three communities totaling 247 units in Waterloo, Iowa. This is the company’s first management assignment in the state.

The properties total 247 units and mark the company's first assignments in the state.

Bolour Associates and MBMI Global financed the project with a $29 million, five-year loan from East West Bank, according...
03/23/2020
Bolour Begins Redevelopment of 2 Houston Communities

Bolour Associates and MBMI Global financed the project with a $29 million, five-year loan from East West Bank, according to Yardi Matrix data. Renovation activity is slated for completion in September 2020.

The renovations of the 780-unit multifamily portfolio were financed with a $29 million loan.

As the virus continues to spread, hospital beds in cities with growing numbers of coronavirus cases are expected to beco...
03/23/2020
Those Empty Dorms? They Could Soon Be Hospitals

As the virus continues to spread, hospital beds in cities with growing numbers of coronavirus cases are expected to become exhausted, and officials will have to figure out a backup plan.

In New York, which currently has the highest number of confirmed coronavirus cases in the U.S. with more than 1,500, Governor Andrew Cuomo is proposing repurposing buildings into makeshift hospitals.

Officials are scrambling to find alternative medical facilities for patients, as coronavirus cases surge.

Check out the below links to keep up with our latest reporting on the #coronavirus.
03/23/2020
MHN’s Coronavirus Coverage

Check out the below links to keep up with our latest reporting on the #coronavirus.

Check out the below links to keep up with our latest reporting on the coronavirus.

The community is newly developed and features 104-units within a qualified Opportunity Zone.
03/20/2020
Golden Glades Buys Jersey City Luxury Property

The community is newly developed and features 104-units within a qualified Opportunity Zone.

BELA is located within a qualified Opportunity Zone within the Bergen-Lafayette neighborhood.

As the #coronavirus pandemic continues to shut down businesses, schools and institutions across the U.S., federal author...
03/20/2020
HUD Urging Public Housing Authorities to Halt Evictions

As the #coronavirus pandemic continues to shut down businesses, schools and institutions across the U.S., federal authorities are taking action to prevent residents from being evicted from public housing as a result of loss of income due to the outbreak.

The federal agency is seeking congressional authority to prohibit evictions in public housing nationwide.

Address

370 Lexington Ave
New York, NY
10017

Alerts

Be the first to know and let us send you an email when Multi-Housing News posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Videos

Nearby media companies


Comments

Internal social distancing within a household. 1. Do not congregate in common areas. 2. Do not have 'family' dinners 3. Let common area air settle as much as possible. COVID is riding small droplets of moisture in the air, in the same way fecal droplets get on your toothbrush if you flush with the lid open. 4. Get a calendar and STAGGER ROOM USE TIMES as much as possible. 5. If it's temperate enough, OPEN WINDOWS, try to get as much air exchange as possible. 6. Open blinds/drapes. Sunlight really is a disinfectant. 7. Stay in your room as much as possible, with the door closed.
7 unit property in Bolton Hill! Call today to get more info 443.900.7055
Have you all seen ApartmentBuildings.com? There are off market and new many multifamily properties added every day! Takes 30 seconds to register free.
I love MHN
One Day Left to Register - Don't miss out..
Come Join Us and Learn how CHP, (Combined Heat and Power) SPECIAL SPEAKER: Katherine Montijo, PSEG -Program Planning and Design, Energy Efficiency and Demand Response Programs PRESENTATION ON: CHP - Combined Heat and Power
plz post excellent award results
ENERGY STAR Programs and Resources Speaker: Juan G. Gutierrez, Regional ENERGY STAR Coordinator, Environmental Protection Agency (EPA) Presentation: On the tools and resources - ENERGY STAR has for buildings- Join US - LIU Post - 10/18 8AM