Multifamily Headline News

Aviv REIT Announces Acquisition of Two Senior Housing Assisted Living Facilities for $94 Million

Aviv REIT Announces Acquisition of Two Senior Housing Assisted Living Facilities for $94 Million

CHICAGO, IL - Aviv REIT announced it has acquired two assisted living facilities and one post-acute and long-term care skilled nursing facility for $82.0 million, and two parcels of land and the entitlements for...

Trinsic Residential Group Begins Work on Aura Memorial Apartment Project in Houston, Texas

Trinsic Residential Group Begins Work on Aura Memorial Apartment Project in Houston, Texas

HOUSTON, TX - Trinsic Residential Group announced that it has broken ground on a 288-unit apartment community in Houston’s thriving Energy Corridor. Aura Memorial will be located on Memorial Drive between...

Grubb Properties and The Kalikow Group Break Ground on Link Apartments Glenwood South in Raleigh, NC

Grubb Properties and The Kalikow Group Break Ground on Link Apartments Glenwood South in Raleigh, NC

RALEIGH, NC - Grubb Properties, a 50-year veteran of real estate investment, development and management based in North Carolina, with development partner The Kalikow Group, officially broke ground today on the Link...

Perry Reid Properties Announces New 264-Unit Multifamily Community in West Des Moines, Iowa

Perry Reid Properties Announces New 264-Unit Multifamily Community in West Des Moines, Iowa

WEST DES MOINES, IA - West Des Moines is getting a new, Class A apartment community at 81st and Cascade. The 264-unit property will offer spacious one, two and three bedroom apartments with attached and detached...

Mortgage Rates Slightly Higher Following Strong Jobs Report According to BankRate.com National Survey

Mortgage Rates Slightly Higher Following Strong Jobs Report According to BankRate.com National Survey

NEW YORK, NY - Mortgage rates moved higher following a stronger than expected jobs report, with the benchmark 30-year fixed mortgage rate rising to 4.31 percent, according to Bankrate.com's weekly national...

BRG Inks Deal With Trammell Crow Residential on 340-Unit Alexan CityCentre Apartment Community

BRG Inks Deal With Trammell Crow Residential on 340-Unit Alexan CityCentre Apartment Community

HOUSTON, TX - Bluerock Residential Growth REIT, Inc. announced that it has made a convertible preferred equity investment in a joint venture with Trammell Crow Residential, which was formed to develop a Class A...

Rating Agency Fitch Reaffirms Stable Outlook for Multifamily REITs Despite Positive Issuer Outlooks

Rating Agency Fitch Reaffirms Stable Outlook for Multifamily REITs Despite Positive Issuer Outlooks

NEW YORK, NY - At first glance, the rating affirmations and Positive Rating Outlooks assigned to four multifamily REITs over the past month may seem counterintuitive given Fitch's Stable Outlook for REITs...

The Costs for Builders to Incorporate Green Features in Housing Still Varies According to Recent Survey

The Costs for Builders to Incorporate Green Features in Housing Still Varies According to Recent Survey

WASHINGTON, DC - The cost to make a home green (energy efficiency, water and indoor quality, etc) is higher than the cost of construction of other homes, and this differential may persist as more builders enter the...

Carmel Partners Holds Final Close for Multifamily Value Creation Fund V with $1.025 Billion

Carmel Partners Holds Final Close for Multifamily Value Creation Fund V with $1.025 Billion

SAN FRANCISCO, CA - Carmel Partners, has held a final close of its fifth U.S. multifamily value creation fund, Carmel Partners Investment Fund V. The Fund closed in less than nine months from launch in October...

Congressman Fattah Helps Award $3M in Affordable Housing Grants from Federal Home Loan Bank

Congressman Fattah Helps Award $3M in Affordable Housing Grants from Federal Home Loan Bank

PHILADELPHIA, PA - Congressman Chaka Fattah announced that a group of banks is making a total of $3 million in grants available to complete more than 400 additional units of lower-income housing in the...

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