News

Keystone Snags Refi on 166-Unit Apache Junction BTR Community

Phoenix & Southwest + Apartment Buildings

Keystone Homes obtained $30 million in Fannie Mae cash-out financing for The Havenly Superstition, a 166-unit, horizontal, apartment/cottage-style build-to-rent (BTR) community in Apache Junction, Arizona. The financing was arranged on behalf of Keystone Homes by Berkadia’s Scott Holland, Vin Basa, Brad Burns and Jeremy Hammill. The seven-year, fixed-rate loan offers full-term interest-only payments. Located at...

Learn more

U.S. Apartment Rents Post 33rd Consecutive Month of Annual Declines

Apartment Buildings

U.S. apartment rents declined 1.7% year-over-year to an average of $1,673 in April across the 50 largest metro areas, marking the 33rd consecutive month of annual declines, News Corp’s Realtor.com said Wednesday. At the same time, the pace of new multifamily construction signals that rental supply relief could continue into the next several years. Although...

Learn more

RCLCO Fund Advisors Teams with Pension Fund for SFR Investments

California & West + Apartment Buildings

RCLCO Fund Advisors (RFA), a leading real estate investment management and advisory to institutional investors, has formed a joint venture on behalf of a Top 50 domestic pension fund. The new programmatic relationship, which will focus on investments in purpose-built single-family rental communities across select U.S. markets, has made an initial investment via the closing...

Learn more

Vancouver’s Long-Awaited Oakridge Park to Open May 28

Canada + Apartment Buildings

Vancouver’s long-awaited Oakridge Park development will officially open to the public on May 28, marking the debut of what developers say will redefine retail and dining in the city. QuadReal Property Group, which co-owns the site with fellow Vancovuer-based firm Westbank, announced the opening date on Tuesday. The 650,000-square-foot mixed-use destination will feature more than...

Learn more

Greystar, Haseko Break Ground on Mixed-Income Needham Apartments

Boston & New England + Apartment Buildings

Greystar and Haseko North America, the U.S. subsidiary of Japan’s largest condominium construction firm, have broken ground on a 189-unit multifamily development at 100 West St. in Needham, MA. 100 West, which adds a mix of apartment sizes and 24 units of affordable housing to the community, is amongthe largest projects to advance through zoning...

Learn more

Interra Realty Brokers Sales of Two Chicago-Area Multifamily Properties

Chicago & Midwest + Apartment Buildings

Interra Realty facilitated the sale of two multifamily buildings in the northwest Chicago area, totaling $2.98 million. The six-unit 2337 John Rolfe Drive in Schaumburg, Illinois, sold for $1.08 million, while the 12-unit 8755 W. Foster Ave. in Chicago’s O’Hare submarket transacted for $1.9 million. Interra Managing Partner Patrick Kennelly, Managing Partner Paul Waterloo and...

Learn more

CBRE Welcomes Multifamily Specialist Jeremy Bernstein in Pittsburgh

Washington DC + Apartment Buildings

CBRE announced that Jeremy Bernstein has joined the firm’s Pittsburgh office as a vice president. He will work with CBRE’s Greater Pennsylvania Multifamily team, specializing in the acquisition and disposition of multifamily properties across the greater Pittsburgh region while supporting the team’s broader Pennsylvania platform. Bernstein began his commercial real estate career at CBRE, where...

Learn more

Jesta to Buy $500M of Unsold Toronto Condo Stock

Canada + Apartment Buildings

Jesta Group plans to invest $500 million in bulk purchases of unsold Toronto condominium inventory, targeting more than 1,000 units over the next 12 months, the company announced Tuesday. The family-owned global real estate firm entered the Toronto residential market with the acquisition of a $30-million bulk condominium portfolio in downtown Toronto. The deal is...

Learn more
New call-to-action
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up