Tag: multifamily

Each of the four major regions reported a dip in sales, with the West suffering the largest decrease, but home prices remain strong.

ORLANDO, FL – Mill Creek Residential, a leading multifamily developer and operator specializing in premier apartment communities across the U.S., announced the groundbreaking of Modera Creative Village, a contemporary mixed-use apartment community in the emerging Creative Village district of Downtown Orlando. The eight-story midrise, which will feature 292 apartment homes and approximately 10,000 feet of…
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During these first few months of the COVID-19 crisis, the two things that multifamily operators are most concerned about are rent collections and leasing volumes. So far the results have been more than a little bit interesting (and to many people counter-intuitive). On the leasing side, we saw a massive drop in demand in the first three…
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HAMILTON, NJ – Total construction starts declined 25% from March to April to a seasonally adjusted annual rate of $572.2 billion as COVID-19 and economic recession hit the construction sector. In April, nonresidential building starts fell 37% from March, while residential dropped 25%. The decline in nonbuilding construction starts was more tepid, falling just 5%…
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Time Needed by Renters and Homeowners to Repay… Forbearance does not mean forgiveness, and homeowners and renters still need to pay off the missed mortgage and rental payments. By:  Scholastica (Gay) Cororaton Coronavirus

Reports are an important function that businesses can use at every level of the hierarchy – boards, executives, middle management, and even administration. When reports are run on a regular basis companies can tap into the multitude of data available to them. Reports can give organizations easy to interpret summaries that make it easy to…
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LOUISVILLE, KY – Four Mile Capital, a privately-held real estate investment firm based in Louisville, CO, has acquired the Avalon Springs Apartments, a 141-unit multifamily community in Louisville, KY. Avalon Springs, built in 2018 and currently 99% leased, sits on almost 18 acres of land. The property consists of 125 two-bedroom townhome units, each with…
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We hear you loud and clear, multifamily employees: you want your leaders to be loud and clear! Over the past 6 weeks, more than 2,600 rental housing employees have responded to the Swift Bunny Covid-19 Employee Check-In Survey.  In that span of time, we’ve seen a significant increase in employees expressing that they Agree or…
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IRVING, TX – Turner Impact Capital, one of the nation’s largest real estate investment firms dedicated to social impact, has acquired a multifamily housing community near Dallas – bringing the firm’s total acquired housing units to more than 10,000 and current portfolio to 9,363 units. The 312-unit Bridgeport Apartments in Irving, TX was acquired in…
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MIAMI, FL – Hunt Real Estate Capital announced that it has provided a $71.3 million Freddie Mac conventional loan via the pre-stabilization program to refinance a multifamily property located in North Miami Beach, Florida. Lazul Apartments is a 356-unit, Class-A, fully-amenitized, mid-rise apartment community situated on 2.57-acres of land. The property is comprised of an…
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