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Removal of Multifamily Rent Restrictions Means Higher Rents
The vast majority of income-restricted properties have 15 years of mandatory compliance, then after that, ownership can apply to have the property removed from the program, which can take up to a year. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
AppFolio Launches New AI Property Management Tool
The new AppFolio Property Manager includes an AI leasing assistant to respond to automate the leasing process. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
River Club at Hudson Park Apartments Receives $70M Loan
Strategic Capital’s multifamily property in Yonkers, NY is in the final phase of a larger redevelopment plan. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
GSP Development Refis Apex 41 Project in Lombard
The Des Plaines, IL-based commercial real estate firm secured the financing from PCCP, LLC of New York City. The loan will repay the existing construction loan and provide additional time for lease-up and stabilization of the five-story 181-unit luxury apartment property. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
QIA, Douglass Emmett Partner to Buy The Glendon
The partnership purchases the 350-unit mixed-use property in Westwood for $365 million. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Lenders Vie for Las Vegas Multifamily Deals
Acquisition financing for Allanza at the Lakes in Las Vegas reveals strong lender interest in the emerging market. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Foreign Investor Sells Phoenix Apartments
Canadian-based Emma Capital has sold the Ridgepoint Apartments in Glendale, Arizona. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Bolour Expands Private Lending Platform
The firm is now active in 17 states, and expects to triple the size of its lending business. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
El Paso Gets Noticed by Multifamily Investors
The buyer of a 550-unit portfolio was new to El Paso and Greysteel was able to bring competitive offers from these new to the market investors attracted to the diversified economy and strong yield potential. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Brooklyn Multifamily at 210 Livingston St. Receives $179M
Rose Associates and Benenson Capital Partners refinanced the Downtown Brooklyn residential tower. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service