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Prana Receives $50M to Acquire Affordable Multifamily Housing
Pembrook Capital Management closed on preferred equity investment of $50 million for Prana Investments. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Vista Realty to Develop $41M Multifamily Complex
The 303-unit complex near Atlanta has an expected completion date of September 2020. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Landlords File Lawsuit Claiming Rent Control Laws Are Unconstitutional
A group of landlords and building owners is trying to get a federal court to strike down the Housing Stability and Tenant Protection Act of 2019. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Green Program Provides Big Capital Savings
A Las Vegas apartment owner refinances through the Fannie Mae green program and secures a reduced spread of 40 basis points. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Canyon Partners Funds Fourth Griffin Senior Project
Canyon provides $10.9 million to Griffin Living to develop a ground-up senior housing development in Southern California. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Multifamily Purchase Solidifies ColRich’s Sac Commitment
ColRich’s recent $36.25 purchase of 220-unit The Luxe multifamily community makes more than 1,100 units in the Sacramento MSA owned by the firm and one of the largest in Q2 totaling 164,840 square feet. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
New Condo Build Set for DTLA
PacTen Partners secures $24 million in joint-venture equity to develop Eleven Fifty Wilshire, a 13-story 140-unit class-A residential condominium. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Rare Value-Add Deal Trades in Pasadena
Fair Oaks Apartments has significant upside with rents 20% below market value and no rent control restrictions. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Texting Tenants is Mainstream in Much of the Multifamily Industry
IRIO will provide RealPage clients with a texting solution integrated into RealPage’s platform, whereby RealPage’s users will be able to communicate through the entire lifecycle of a renter via a single provider. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Developers Receive $223M for Massive Affordable Housing Project in East Harlem
L+M, Jonathan Rose and Acacia are constructing a 100% affordable mixed-use project called Sendero Verde. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service