Multi-Housing News

07/22/2024

Tomorrow!

Join us on July 23 at 1 p.m. ET to gain actionable insights for maximizing NOI, controlling costs and enhancing resident engagement.

Join us on July 23 at 1 p.m. ET to gain actionable insights for maximizing NOI, controlling costs and enhancing resident engagement.

07/22/2024

Berger Communities has opened 202 Queen, a 142-unit luxury community in Lancaster, Pa., a Harrisburg submarket.

07/22/2024

Berger Communities has opened 202 Queen, a 142-unit luxury community in Lancaster, Pa., a Harrisburg submarket.

Berger Communities opened the largest residential development to date in Lancaster, Pa., a 12-story building comprising 142 units.

07/22/2024

You can get a lot of information from your renters. Here are tips on what to do with it.

07/21/2024

🌟 In Case You Missed It: A Top Story of the Week

Real Estate core community in San Diego. The Dinerstein Cos. sold the asset for $167 million in a transaction brokered by Walker & Dunlop. Following the acquisition, GID renamed the asset to Windsor Rancho PQ.

GID Real Estate Investments has acquired Millennium PQ in San Diego for $167 million. The Dinerstein Cos. sold the 331-unit asset.

07/20/2024

🌟 In Case You Missed It: The Top Story of the Week

Shortly after its partnership with RD Management in Tampa, Core Spaces is further expanding its student housing portfolio with four new projects. The developer will add nearly 4,000 beds in Madison, Wis., and 800 beds in Knoxville, Tenn.

Core Spaces is expanding its student housing portfolio with the development of nearly 4,800 beds across two states.

07/19/2024

Eight West, an affiliate of The Hakimian Organization, has secured a $175 million construction loan for SOLA, a 364-unit luxury development in New York City’s Queens borough. Apollo and Lionheart Strategic Management provided the financing in a deal arranged by Newmark.

Eight West has secured a $175 million construction take-out loan for SOLA, a 364-unit luxury development in New York City's Queens borough.

07/19/2024

Some multifamily communities are taking wellness quite literally by offering residents access to health-care services.

07/19/2024

A partnership between The Hudson Companies and Housing Works Inc. has broken ground on The Lirio, a 145,000-square-foot development featuring 112 permanently affordable units in Manhattan, N.Y. The project also includes roughly 30,000 square feet of office space and 7,300 square feet of retail space.

The Hudson Cos., Housing works broke ground on The Lirio, a multifamily affordable housing project in Hell's Kitchen, Manhattan, N.Y.

07/19/2024

Advertised street rates were down annually for all top 30 metros, the latest Yardi Matrix report shows.

Despite a return to seasonal patterns in terms of rent trends and occupancy, storage demand remains low compared to the previous years.

07/18/2024

SmartStop Self Storage REIT Inc. has acquired a Class A self storage facility in Spartanburg, S.C. encompassing roughly 109,500 net rentable square feet across 950 climate-controlled units. RealtyLink sold the asset for $13.2 million, according to Spartanburg County records.

SmartStop Self Storage has purchased a 950-unit storage facility in Spartanburg, S.C. RealtyLink sold the asset.

07/18/2024

The White House’s proposal would cap rent hikes at five percent at multifamily properties with more than 50 units for at least the next two years.

The White House’s proposal would cap rent hikes at five percent at multifamily properties with more than 50 units for at least the next two years. Housing and real estate industry groups have pushed back on President Joe Biden’s proposal for a national rent control plan that would cap rent incre...

07/18/2024

Paces Preservation Partners—a development partnership between The Paces Foundation and Soho Housing Partners—has opened The Legacy at Carr Heights Senior Apartments, a 120-unit affordable senior housing community in Charlotte, N.C.

Paces Preservation Partners has opened a 120-unit fully affordable and age-restricted community in Charlotte, N.C.

07/18/2024

Effective design can not only enhance residents’ life quality, but also address sustainability issues and ensure community integration, all while tackling the broader housing affordability challenge. Margi Glavovic Nothard, founder & design director of GLAVOVIC STUDIO since 1999, knows this firsthand.

Margi Glavovic, founder & design director of Glavovic Studio, expands on how design can reduce affordable housing development costs.

07/17/2024

GID Real Estate Investments has purchased Millennium PQ, a 331-unit trophy suburban core community in San Diego. The The Dinerstein Companies sold the asset for $167 million in a transaction brokered by Walker & Dunlop. Following the acquisition, GID renamed the asset to Windsor Rancho PQ.

GID Real Estate Investments has acquired Millennium PQ in San Diego for $167 million. The Dinerstein Cos. sold the 331-unit asset.

07/17/2024

Two specialists discuss how the surge is transforming the metro’s real estate landscape.

UNCG and Fortune International Group executives weigh in on how studio condos are transforming Miami's real estate landscape.

07/17/2024

Operation Pathways’ Kevin Lewis on the best practices that support resident-centered engagement.

07/16/2024

In an off-market deal, Peach Hill Capital, in joint venture with RK2 Property Group, has purchased Georgetown Crossing, a 168-unit multifamily community in Savannah, Ga., for $25.6 million. Berkadia’s Mark Boyce and Blake Coffey negotiated on behalf of the seller, Napali Capital.

Peach Hill Capital, together with RK2 Property Group, purchased Georgetown Crossing, a 168-unit multifamily community in Savannah, Ga.

07/16/2024

Seize the opportunity to take part in the 2024 Top Owners survey.

Seize the opportunity to take part in the 2024 Top Owners survey! The resulting ranking will be published in the November issue of MHN.

07/16/2024

A joint venture between Housing Trust Group and Elite Equity Development has topped out Naranja Grand Community, a two-phase, $115 million, 320-unit affordable housing development in metro Miami.

Housing Trust Group and Elite Equity Development topped out Naranja Grand, a $115 million affordable senior multifamily project in Miami.

07/16/2024

Architect Aksel Solberg on why it pays to be innovative today.

07/15/2024

The ability to make evidence-driven decisions allows operators to tailor their strategies and rewards to the unique needs of their residents.

07/15/2024

A joint venture between Greenlight Communities and Holualoa Cos. has opened Villa Cielo Cortaro, a 196-unit multifamily property in Tucson, Ariz. This marks Greenlight’s second development in the market.

Greenlight Communities and Holualoa Cos. have opened Villa Cielo Cortaro, a 196-unit multifamily property in Tucson, Ariz

07/15/2024

"People are focused on liquidity," Sandra Ferenz told Laura Calugar in the latest podcast.

In this podcast episode, Trez Capital's Sandra Ferenz talks to Senior Editor Laura Calugar about trends in multifamily lending.

07/15/2024

Discovery Senior Living has received a $47 million loan to refinance Discovery Village at the West End, a 219-unit independent living, assisted living and memory care community in Richmond, Va.

Discovery Senior Living received $47 million to refinance a 219-unit senior housing community in Richmond, Va. BWE arranged the loan.

07/15/2024

Tips to streamline the process and make things easier for residents and property managers.

07/14/2024

🌟 In Case You Missed It: A Top Story of the Week

This July, Thompson Thrift will break ground on The Landing at Lemay, a 344-unit luxury project in Fort Collins, Colo. Thompson Thrift 2024 Multifamily Development LP, a private real estate partnership which sought to raise approximately $270 million in aggregate capital, will provide equity for the development.

Thompson Thrift will soon break ground on The Landing at Lemay, a 344-unit luxury multifamily project in Fort Collins, Colo.

07/13/2024

🌟 In Case You Missed It: The Top Story of the Week

The joint venture between Lam Group and Exact Capital has secured a $148 million refinancing note for The Victoria, a mixed-use property in Manhattan’s Harlem. The Victoria Theater redevelopment comprises 191 luxury multifamily units, out of which 103 are affordable, together with 211 hotel keys and more than 23,000 square feet of retail space.

Lam Group and Exact Capital have landed $148 million loan from Walker & Dunlop for The Victoria, a mixed-use project in Manhattan's Harlem.