JLL negotiated on behalf of the borrower to broker the 10-year, fixed-rate mortgage from Union Bank.
Union Bank provided the 10-year, fixed-rate loan for the five recently renovated communities.
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 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 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.
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 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.
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 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.
MultiVersity Housing Partners (MVHP) has been awarded property management of Union on 5th, a Class A student housing property in Pittsburgh, Pa.
The company will manage Union on 5th, a vintage student loft rental community near Duquesne University.
According to Charles Hewlett, the recession will be short, and the apartment industry might not be hit too hard. Here's why he thinks so. https://www.multihousingnews.com/post/covid-19-hit-on-multifamily-will-be-modest/
According to Charles Hewlett, managing director at RCLCO, the recession will be short, and the apartment industry might not be hit too hard. Here's why he thinks so.
Catch up on our most important stories, interviews and analysis for last month. https://www.multihousingnews.com/post/march-2020-must-reads-mhn/
Catch up on our most important stories, interviews and analysis for last month.
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.
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 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 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 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 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.
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 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 $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 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.
Construction will begin in the fourth quarter of 2020.
The 325-unit project will be part of a larger mixed-use shopping center developed by Pederson Group.
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 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 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 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 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 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 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 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 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 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.
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 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.
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 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-completed property, with Walker & Dunlop assisting in the negotiations.
Upon completion, Scottsdale Entrada will be one of the largest mixed-use developments in the Phoenix area.
Upon completion, Scottsdale Entrada will be one of the largest mixed-use developments in the Phoenix area.
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 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 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.
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.
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 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.
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Catch up on our most read stories, interviews and rankings for last month.
The report shows a record number believe renting is more affordable than owning a home, as affordability becomes a growing issue among both residents and owners.
Catch up on our most read stories, interviews and rankings for last month.
Watch the video to find out what you should expect from key housing sectors in the year ahead. #2020Outlook
📹 "While many residential mixed-use developments necessitate your basic common areas, our recent multifamily designs resemble more of a luxury hotel palette." - Kevin Newman, Chairman & CEO, Newman Garrison + Partners
Watch the video for a sneak peek of Miami River Walk. Click on the link to read our #BehindtheProject interview: https://www.multihousingnews.com/post/miami-river-walk-an-atypical-waterfront-development/
🎥Check out the video to see which are the most important points to consider when building in dense environments. ⤵ Read the full article here: https://www.multihousingnews.com/post/multifamily-design-trends-building-in-dense-environments/
Watch our short teaser and click on the link to find the articles you're interested in: ⬇️ https://www.multihousingnews.com/post/the-june-digital-issue-of-mhn-is-now-available-3/
Nowadays, prospective residents are more educated on the benefits of health and wellness and are looking to live in a community that offers more than the traditional definition. Watch the video below and read the full article here: https://www.multihousingnews.com/post/multifamilys-wellness-transformation/
🚧 Kaufman Lynn Construction has topped out 321 at Water’s Edge, an eight-story condominium project on Fort Lauderdale’s Intracoastal Waterway in Florida.
Color, functionality and a social atmosphere are three very important aspects when designing a community for the younger generation, according to Jules Escalona, art director at Straight Designs. Another key feature is the revamped version of the classic business center. In case you missed the story, you can read it on the link below: https://www.multihousingnews.com/post/multifamily-design-trends-workspaces-in-the-lobby/
Now you can get trend and strategy insights two different ways: Leaf through the Multi-Housing News digital digest for a quick read, or click on individual articles for an in-depth look at each of the topics that most interest you.
Welcome to Placemaking: Building Stronger Communities! #CPEMHNAwards18
Now you can get trend and strategy insights. Read the June digital issue of Multi-Housing News! Find it here: https://www.multihousingnews.com/digital-magazine-archive/
Now you can get trend and strategy insights. Read the May digital issue of Multi-Housing News! Find it here:https://www.multihousingnews.com/digital-magazine-archive/
The largest multifamily owner in Richmond has a footprint of approximately 7,700 units across 33 properties. Read the full article here: https://www.multihousingnews.com/post/top-10-apartment-owners-in-richmond/
Presented by smart access technology leader Latch and other experts, the webinar will show you new ways to capture revenue from: -On-demand service amenities such as dog walking and house cleaning -Owner-controlled short-stay rental options like corporate housing and home sharing --Unattended leasing Package delivery and handling Register now: https://bit.ly/2rgaCyf
Now you can get trend and strategy insights. Read the April digital issue of Multi-Housing News! Find it here: https://www.multihousingnews.com/digital-magazine-archive/
10 Largest Multifamily Properties in LA The metro still enjoys a thriving economy and a fast-growing employment sector. However, facing affordability issues, the city continues to price residents out of the market.
We’re live at Resource Furniture for #CPEMHN17
Getting ready for our awards!
A tour of the NAA Student Housing Conference & Exposition. Check out all of our conference coverage here: https://www.multihousingnews.com/post/2017-naa-student-housing-conference-coverage/
Daryl Carter of Avanath
How CityView Adds Value for Investors
MHN Associate Editor, Andie Lowenstein interviews Bob Kettler, CEO of Kettler, Inc., and Bob Clark, president of Peak Campus Management about their upcoming projects and trends at the 2015 Excellence Awards.
Donald Shields, P.E., American Water/Applied Water Management, describes the water recycling processes at The Visionaire in New York City. This LEED Platinum condo was developed by The Albanese Organization and designed by Pelli Clarke Pelli.
Kristin Hurd, director of sales at The Residences at Dixon Mills, takes MHN on a tour of the property located at 158 Wayne St. in Jersey City, New Jersey.
Mark Gottlieb, Literary Agent at Trident Medi
355 Lexington AvenueTrident Media Group - Literary Agency
355 Lexington Ave, Floor 12
