News

AFN National Chief Calls on Carney to Invest in Indigenous Infrastructure Projects

Canada + Apartment Buildings

The Assembly of First Nations national chief is calling on Prime Minister Mark Carney to steer infrastructure investment to Indigenous groups. Writing an op-ed column in The Globe and Mail, Cindy Woodhouse Nepinak contended that investment in Indigenous infrastructure directly supports national priorities would boost reconciliation between Indigenous groups and all other Canadians. Her comments...

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Cook County Opens First Homes as Part of $12M Modular Pilot Program

Chicago & Midwest + Apartment Buildings

A ribbon-cutting ceremony was held Wednesday morning to celebrate the completion of the first two of 120 planned modular-built houses, part of a broader $12 million affordable housing pilot program. Cook County Board President Toni Preckwinkle joined local officials and representatives to announce the completion of the first two homes that are part of the...

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Adaptive Reuse Transforms Beverly School into Low-Income Senior Housing

Boston & New England

Beacon Communities and Harborlight Homes, together with their partners, cut the ribbon on 91 new housing units, including 85 affordable units for low-income seniors, at Beverly Village for Living & the Arts, a housing development located at the historic former home of the Briscoe School in Beverly, MA. The adaptive reuse project transformed Briscoe School’s existing footprint into...

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Luxury Multifamily Building at The Wharf Reaches 100% Sold

Washington DC + Apartment Buildings

Amaris, part of Phase 2 at the Southwest Waterfront’s The Wharf development, has officially sold out all 96 of the property’s units. The development opened in 2022, and condo units have consistently driven the highest sales prices in D.C. In 2023, a penthouse that sold for $12.76 million broke the record for the most expensive...

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Franklin BSP Closes NewPoint Acquisition, Adding Agency and Mortgage Servicing

New York & Tri-State + Apartment Buildings

New York-based Franklin BSP Realty Trust, Inc. (FBRT) has closed its previously announced acquisition of NewPoint Holdings JV L.L.C. for a total consideration of $425 million. The acquisition expands FBRT’s multifamily operations to include agency and mortgage servicing alongside its existing commercial real estate lending products, which include bridge lending, subordinate lending, construction lending and...

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Macquarie Asset Management Launches Senior Housing Platform

Macquarie Asset Management has launched Health Wave Partners, a senior housing platform with a strategy aimed at targeting investments in modern senior housing assets alongside established operators. The company believes the senior housing sector is poised for growth, given a shift in demographics driving demand and a current undersupply.  The platform will be led by a...

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Knightvest Picks Up 412-Unit Scottsdale Rental Community

Phoenix & Southwest + Apartment Buildings

Knightvest Capital acquired Avana Desert View, a 412-unit apartment community in Scottsdale. The property offers one—to three-bedroom units with an average overall size of 933 square feet. The community is currently 97.3 percent occupied. Amenities at Avana Desert View include a fitness center, two swimming pools, a volleyball court and a playground. All units include...

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Way Capital Names McDonough to Run BTR Unit

Phoenix & Southwest + Apartment Buildings

Way Capital named Kyle McDonough Executive Director. He’ll be based in Phoenix and focus on arranging financing for Build-to-Rent (BTR) projects nationally and an array of CRE asset types across the Sun Belt, Midwest and Rocky Mountain markets, including multifamily, hotels, industrial, land, and master-planned community developments. McDonough co-founded and served as Managing Partner of...

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