Multi-Housing News

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ZOM Living has sold Kinstead, a 376-unit garden-style community in McKinney, Texas, to a fund sponsored by CBRE Global I...
09/24/2020
ZOM Living Sells Recently Built North Dallas Community

ZOM Living has sold Kinstead, a 376-unit garden-style community in McKinney, Texas, to a fund sponsored by CBRE Global Investors. Newmark Knight Frank represented the seller.

A CBRE-sponsored fund purchased the 376-unit luxury property. The seller developed the asset using a $35.8 million construction loan from Texas Capital Bank.

Tyler Johnson, Rob Marton, and Greg Frick of HFO Investment Real Estate assisted the buyer and the seller, a private ind...
09/24/2020
Gelt Purchases Portland-Area Community for $30M

Tyler Johnson, Rob Marton, and Greg Frick of HFO Investment Real Estate assisted the buyer and the seller, a private individual who owned the asset for more than 25 years.

HFO Investment Real Estate represented the buyer of the 160-unit, garden-style property in Gresham, Ore.

Ziegler Cooper Architects' Scott Ziegler explains why grocers and apartments make sense economically in the new normal, ...
09/24/2020
Grocery-Anchored Communities: The Natural Evolution of Urbanization

Ziegler Cooper Architects' Scott Ziegler explains why grocers and apartments make sense economically in the new normal, but also reveals other must-haves of future mixed-use developments.
#MHNTalks

Ziegler Cooper Architects' Scott Ziegler explains why grocers and apartments make sense economically in the new normal, but also reveals other must-haves of future mixed-use developments.

Compared to other large metros, Phoenix seems to have been better-equipped to withstand the blows dealt by the health cr...
09/24/2020
Phoenix Multifamily Report – Summer 2020

Compared to other large metros, Phoenix seems to have been better-equipped to withstand the blows dealt by the health crisis—at least for now.

Read the full #YardiMatrix report.

While the market did not remain unscathed, the metro's rental segment fared relatively well since the pandemic hit.

Capstone Real Estate Investments has purchased 22 Exchange, a 471-bed student housing community in Akron, Ohio.
09/24/2020
Capstone Real Estate Acquires Ohio Student Housing

Capstone Real Estate Investments has purchased 22 Exchange, a 471-bed student housing community in Akron, Ohio.

Rialto Capital Management sold the 471-bed property located in Akron for $12.5 million.

The COVID-19 pandemic has weighed on multifamily investment conditions in the U.S. during the second quarter as net oper...
09/24/2020
Investment Conditions Dip in Q2, Freddie Mac Finds

The COVID-19 pandemic has weighed on multifamily investment conditions in the U.S. during the second quarter as net operating income (NOI) shrank in almost all major markets, according to a new index reading by Freddie Mac.

The pandemic has shrunk the pool of attractive investment opportunities, yet several key metrics have improved year-over-year.

Speaking at the virtual Argentum Senior Living Executive Conference, top operators discussed how innovation has helped t...
09/24/2020
Senior Living Execs Reveal Pandemic Strategies

Speaking at the virtual Argentum Senior Living Executive Conference, top operators discussed how innovation has helped the industry weather the crisis.

Speaking at the virtual Argentum Senior Living Executive Conference, top operators discussed how innovation has helped the industry weather the crisis.

Six months into the global pandemic, MHN convened multifamily executives to discuss how the property type is holding up ...
09/22/2020
Multifamily Roundtable: Fewer Deals But Little Distress

Six months into the global pandemic, MHN convened multifamily executives to discuss how the property type is holding up under various pressures.

Six months into the global pandemic, MHN convened multifamily executives to discuss how the property type is holding up under various pressures.

Multifamily giant Greystar has agreed to acquire a stake in Dallas-based real estate investment firm Thackeray Partners.
09/22/2020
Greystar Buys Stake in Thackeray Partners

Multifamily giant Greystar has agreed to acquire a stake in Dallas-based real estate investment firm Thackeray Partners.

The multifamily giant is expanding its sizable platform with its investment in the Dallas-based firm.

Graceada Partners has purchased Westlake Apartments, a 148-unit apartment community in the Pocket neighborhood of Sacram...
09/22/2020
Graceada Partners Pays $24M for Sacramento Community

Graceada Partners has purchased Westlake Apartments, a 148-unit apartment community in the Pocket neighborhood of Sacramento, Calif.

The new owner plans to renovate and modernize the property, investing $12,000 per unit.

LCB Senior Living has opened The Residence at Penniman Hill, a 90-unit luxury community providing assisted living and me...
09/22/2020
LCB Senior Living Opens Boston-Area Senior Community

LCB Senior Living has opened The Residence at Penniman Hill, a 90-unit luxury community providing assisted living and memory care services in Hingham, Mass.

The developer broke ground on the 90-unit assisted living and memory care facility in 2018.

Capstone Companies' Adam Klenk, Tyler Mayo, Austin Heithcock and Jonathan Hawks brokered the transaction of the 96-unit ...
09/22/2020
Capstone Arranges Tennessee Luxury Community Sale

Capstone Companies' Adam Klenk, Tyler Mayo, Austin Heithcock and Jonathan Hawks brokered the transaction of the 96-unit property in Jackson.

Adam Klenk, Tyler Mayo, Austin Heithcock and Jonathan Hawks brokered the transaction of the 96-unit property in Jackson.

#MHNResearchCenter | While entering the downturn on the right foot, the metro's rents and transaction volumes are droppi...
09/22/2020
Miami Multifamily Report – Summer 2020

#MHNResearchCenter | While entering the downturn on the right foot, the metro's rents and transaction volumes are dropping.

Read the full #YardiMatrix report.

While entering the downturn on the right foot, the metro's rents and transaction volumes are dropping.

Chicago’s rental market faces myriad challenges, and a long recovery is expected. Rents fell to $1,524—a 0.1 percent dec...
09/18/2020
Chicago Multifamily Report – Summer 2020

Chicago’s rental market faces myriad challenges, and a long recovery is expected. Rents fell to $1,524—a 0.1 percent decrease on a trailing three-month basis through July, with Lifestyle rates down 0.3 percent.

Read the full #YardiMatrix report.

Some 6,500 apartments came online across Chicagoland in the first seven months of 2020.

NYC Housing Partnership has appointed Esther Toporovsky as executive vice president. Toporovsky joins the group from Ent...
09/18/2020
NYC Housing Partnership Names New EVP

NYC Housing Partnership has appointed Esther Toporovsky as executive vice president. Toporovsky joins the group from Enterprise Community Partners, where she served as program director for green communities for approximately 10 years.

Esther Toporovsky previously served as a program director for green communities with Enterprise Community Partners.

In this piece, we look at development activity between January and August in Austin, Dallas and Houston, using #YardiMat...
09/18/2020
Top Texas Metros for Multifamily Development in 2020

In this piece, we look at development activity between January and August in Austin, Dallas and Houston, using #YardiMatrix data.

By August, developers had delivered 26,300 units in Austin, Dallas and Houston combined, placing the three Texas metros among those with the highest multifamily completions in the country.

The four loans will help build and preserve more than 700 units of affordable housing in Texas and New York City.
09/18/2020
Bellwether Enterprise Closes 4 Affordable Housing Loans

The four loans will help build and preserve more than 700 units of affordable housing in Texas and New York City.

The financing totaled $94 million and will help construct and preserve 719 units in Texas and New York City.

The Allen Morris Company has opened the first phase of Star Metals Residences, the luxury apartment component of the dev...
09/18/2020
Allen Morris Opens First Homes in $344M Atlanta Project

The Allen Morris Company has opened the first phase of Star Metals Residences, the luxury apartment component of the developer’s $344 million mixed-use project in Atlanta’s trendy West Midtown area.

The initial phase of Star Metals Residences in the trendy West Midtown area offers 186 apartment units.

Multifamily giant Greystar has agreed to acquire a stake in Dallas-based real estate investment firm Thackeray Partners.
09/18/2020
Greystar Buys Stake in Thackeray Partners

Multifamily giant Greystar has agreed to acquire a stake in Dallas-based real estate investment firm Thackeray Partners.

The multifamily giant is expanding its sizable platform with its investment in the Dallas-based firm.

09/18/2020
NYC’s Multifamily Design

"Our approach is to program more livable and larger outdoor amenities that go beyond seasonal use," said Adam Meshberg, founder of Meshberg Group.

Boston Financial Investment Management agreed to purchase a 1,200-property fund portfolio, one of the largest of its kin...
09/18/2020
Orix Affiliate Doubles Portfolio With LIHTC Deal

Boston Financial Investment Management agreed to purchase a 1,200-property fund portfolio, one of the largest of its kind in the U.S.

Boston Financial Investment Management agreed to purchase a 1,200-property fund portfolio, one of the largest of its kind in the U.S.

A Los Angeles capital markets firm has raised $63 million in equity to build and rehab hundreds of units of affordable m...
09/18/2020
Raising Capital for Housing for American Indian Tribes

A Los Angeles capital markets firm has raised $63 million in equity to build and rehab hundreds of units of affordable multifamily and single-family housing for American Indian tribes.

Hunt Capital Partners, and other companies, and investing in this important niche in housing. Columnist Lew Sichelman explores their challenges.

Boston Financial Investment Management agreed to purchase a 1,200-property fund portfolio, one of the largest of its kin...
09/16/2020
Orix Affiliate Doubles Portfolio with LIHTC Deal

Boston Financial Investment Management agreed to purchase a 1,200-property fund portfolio, one of the largest of its kind in the U.S.

Boston Financial Investment Management agreed to purchase a 1,200-property fund portfolio, one of the largest of its kind in the U.S.

Students have begun moving into the more than 1,000 beds that were completed in The University of California, Davis’ The...
09/16/2020
Michaels Organization Debuts Phase I of Student Housing Project

Students have begun moving into the more than 1,000 beds that were completed in The University of California, Davis’ The Green at West Village project.

The completed development at University of California, Davis will feature nearly 3,300 beds.

Covenant Capital Group has refinanced The Retreat at Lakeland, a 464-unit, garden-style property in Lakeland, Fla., with...
09/16/2020
Covenant Capital Lands $45M Refi for Tampa-Area Community

Covenant Capital Group has refinanced The Retreat at Lakeland, a 464-unit, garden-style property in Lakeland, Fla., with a $45 million Freddie Mac loan secured by JLL Capital Markets.

JLL Capital Markets secured the Freddie Mac loan for the 464-unit property in Lakeland, Fla.

#YardiMatrix | Chicago’s rental market faces myriad challenges, and a long recovery is expected. Rents fell to $1,524—a ...
09/16/2020
Chicago Multifamily Report – Summer 2020

#YardiMatrix | Chicago’s rental market faces myriad challenges, and a long recovery is expected. Rents fell to $1,524—a 0.1 percent decrease on a trailing three-month basis through July, with Lifestyle rates down 0.3 percent.

Some 6,500 apartments came online across Chicagoland in the first seven months of 2020.

CBRE's Keith Collins, Abe Appert and Ted Abramson assisted the seller in the disposition of the 150-unit property.
09/16/2020
CBRE Arranges Minneapolis Luxury Community Sale

CBRE's Keith Collins, Abe Appert and Ted Abramson assisted the seller in the disposition of the 150-unit property.

Keith Collins, Abe Appert and Ted Abramson assisted the seller in the disposition of the 150-unit property.

NorthMarq provided nearly $32 million in acquisition financing for the 248-unit Tradition at Palm Aire.
09/16/2020
PENLER Pays $48M for Southwest Florida Community

NorthMarq provided nearly $32 million in acquisition financing for the 248-unit Tradition at Palm Aire.

NorthMarq Capital provided nearly $32 million in acquisition financing for the 248-unit Tradition at Palm Aire.

Advanced Real Estate Services, Inc., has refinanced a six-property, 1,223-unit multifamily portfolio in Southern Califor...
09/15/2020
Advanced Real Estate Services Secures $240M Refi for Multifamily Portfolio

Advanced Real Estate Services, Inc., has refinanced a six-property, 1,223-unit multifamily portfolio in Southern California with $240.4 million in loans from Freddie Mac and Fannie Mae arranged by NorthMarq.

NorthMarq arranged the Freddie Mac and Fannie Mae loans for six communities totaling 1,223 units in Southern California.

Berkadia's Managing Director Brad Williamson secured the loan on behalf of Seminole Boosters, the fundraising arm of Flo...
09/15/2020
Berkadia Arranges $23M Refi for Florida Student Housing

Berkadia's Managing Director Brad Williamson secured the loan on behalf of Seminole Boosters, the fundraising arm of Florida State University Athletics.

Managing Director Brad Williamson secured the loan on behalf of Seminole Boosters, the fundraising arm of Florida State University Athletics.

Kidder Mathews Senior Vice President Karl Abert facilitated the sale on behalf of the buyer, a private capital family of...
09/15/2020
East Phoenix Community Trades for $15M

Kidder Mathews Senior Vice President Karl Abert facilitated the sale on behalf of the buyer, a private capital family office.

Greystone provided a fixed-rate $10.8 million Fannie Mae loan for the acquisition.

Student housing and senior housing witnessed substantial increases in pandemic-related second-quarter vacancy rates, whi...
09/15/2020
Student, Senior Housing Hit Hardest in Q2: Moody’s

Student housing and senior housing witnessed substantial increases in pandemic-related second-quarter vacancy rates, while affordable housing remained comparatively unaffected by COVID-19 in the spring quarter, according to Moody’s Analytics’ Q2 2020 Quarterly View report.

The two sectors saw rising vacancies and falling rents owing to the pandemic, and affordable housing was largely unaffected.

JLL's Directors Jesse Wright and Ware Shipman arranged the loan on behalf of Asia Capital Real Estate.
09/15/2020
JLL Secures $17M Refi for Atlanta-Area Community

JLL's Directors Jesse Wright and Ware Shipman arranged the loan on behalf of Asia Capital Real Estate.

Directors Jesse Wright and Ware Shipman arranged the loan on behalf of Asia Capital Real Estate.

Just weeks after reopening its economy, Boston’s hitting the pause button. The multifamily market is struggling to adjus...
09/15/2020
Boston Multifamily Report – Summer 2020

Just weeks after reopening its economy, Boston’s hitting the pause button. The multifamily market is struggling to adjust to the conditions of the pandemic.

You can find the full #YardiMatrix report below ⬇️

Similar to most coastal gateway markets, the metro took an immediate hit at the onset of the pandemic.

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370 Lexington Ave
New York, NY
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