Category: News

TIGARD, OR – Canyon Partners Real Estate, ScanlanKemperBard Companies and Diamond Investment Group announce their joint venture in the development of The Overland, a 219-unit apartment project in the Portland suburb of Tigard, Oregon. Canyon invested $24.4 million of equity into this project, which is located in a qualified opportunity zone. The joint venture also…
Read more

Few found much relief or clarity from executive orders signed last weekend by President Trump. Who benefits, when and how, if at all was the response by most in the apartment industry, as well as residents and those receiving unemployment benefits. Communication breakdowns between owners and residents have complicated the situation, particularly those facing eviction…
Read more

Instant Reaction: Mortgage Rates Mortgage rates bounced up lightly this week to average 2.96% from 2.88% the prior week, but this should have virtually no impact on home buying. By:  Nadia Evangelou

HOUSTON, TX – Mill Creek Residential, a leading multifamily developer and operator specializing in premier apartment communities across the U.S., announced the groundbreaking of Modera Washington, a mixed-use apartment community located along Washington Avenue amidst one of Houston’s most arts-centric locales. The eight-story midrise will feature 341 contemporary apartment homes and a full suite of…
Read more

In times of Covid-19, we have to get creative with how we navigate fitness and wellness in public spaces. Multifamily communities have shared amenity spaces in addition to the apartment rented by a tenant that allow residents to enjoy the perks of the property they’ve chosen to call home. The infographic below contains four options…
Read more

Housing Affordability Slips in June 2020 Affordability worsened in June compared to May as the median family income slightly declined by 1% while the median home prices rose by 4%. By:  Michael Hyman

DALLAS, TX – Gardner Capital, a family-owned private equity firm specializing in multifamily housing and renewable energy development and investment, proudly announced the completion of a 7-building multifamily community in Hurst, TX. With 96 brand-new units, Provision at North Valentine is home to families whose income is 30-60% of the area median income. Gardner Capital…
Read more

Even before the coronavirus, self-guided tours were beginning to emerge as a major factor in apartment operations and leasing.  Now, as the industry continues to navigate the effects of the pandemic, self-guided tours are firmly in the multifamily mainstream. Much has been made about the positive impact these tours have on prospects – and for…
Read more

ORLANDO, FL – Wood Partners, a national leader in multi-family real estate development, announced the grand opening of their newest luxury apartment community. Alta Headwaters features 328 units in multiple four-story, elevatored-buildings comprised of one-, two- and three-bedroom apartment homes as well as studios. The community officially opened its doors to residents on July 30…
Read more

The Pandemic of 2020 has truly altered or drastically affected everyone’s life and day-to-day operations. As a landlord, navigating these difficult times has definitely been challenging. As we enter the middle of August, the situation does not seem to be getting any better. In fact, landlords and property managers are starting to wonder if things…
Read more