Cousins Announces Disposition of Emory Point Mixed-Use Development in Atlanta for $199 Million

This post was originally posted from MultifamilyBiz.com. This content is redistributed with the Author's approval. ATLANTA, GA – Cousins Properties announced that it has completed the disposition of Emory Point I and II, a mixed-use property in Atlanta comprised of 750 apartments and 125,000 square feet of retail space, for a gross price of $199...
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Can I Say “No Pot In My Apartments” When It’s Legal In My State?

This post was originally posted from AAOA.com. This content is redistributed with the Author's approval. Oregon Governor Kate Brown this month signed a bill that prohibits marijuana retailers from keeping or sharing customer’s personal information. According to reports, she said she was concerned about the Trump administration’s future actions when it comes to the legalized...
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Navigating the Changing Landscape for Multifamily Financing in 2017

This post was originally posted from AAOA.com. This content is redistributed with the Author's approval. While multifamily remains one of the most desirable asset classes to finance, a number of new factors have emerged that are making it more challenging to secure competitive financing. The multifamily market has certainly enjoyed a golden era. Vacancy rates...
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Riva Luxury Condominium Project Secures $65 Million Construction Loan from Madison Realty Capital

This post was originally posted from MultifamilyBiz.com. This content is redistributed with the Author's approval. FORT LAUDERDALE, FL – Madison Realty Capital (MRC), an institutionally-backed real estate investment firm focused on real estate equity and debt investments in the middle markets, provided a $65.0 million construction loan to finance completion of the Riva condominium development...
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Mortgage Rates See Little Change Leading Up to Fed Announcement According to Bankrate.com

This post was originally posted from MultifamilyBiz.com. This content is redistributed with the Author's approval. NEW YORK, NY – Mortgage rates were little changed leading up to Wednesday’s Federal Reserve announcement, with the benchmark 30-year fixed mortgage rate inching lower to 4.18 percent, according to Bankrate.com’s weekly national survey. The 30-year fixed mortgage has an...
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Olympus Property Acquires 288-Unit Carrington Square Apartment Community in Savannah, Georgia

This post was originally posted from MultifamilyBiz.com. This content is redistributed with the Author's approval. SAVANNAH, GA – Olympus Property continues to expand in the Southeast with the acquisition of Carrington Square in Savannah, Georgia. The community will undergo a name change effective immediately to Olympus Carrington. Olympus Carrington at Savannah Quarters is the first...
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TruAmerica and Magnolia Real Estate Fund Acquire Denver Apartment Community for $53 Million

This post was originally posted from MultifamilyBiz.com. This content is redistributed with the Author's approval. DENVER, CO – TruAmerica Multifamily and the Magnolia Real Estate Fund have acquired Fox Creek, a 287-unit apartment community in Thornton, CO in an off-market transaction valued at $53 million.  Fox Creek is the sixth multifamily investment in the Denver...
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City Club Apartments Launches Property Management Firm to Manage Its $2 Billion Portfolio

This post was originally posted from MultifamilyBiz.com. This content is redistributed with the Author's approval. FARMINGTON HILLS, MI – City Club Apartments (CCA) announced that it will begin managing its $2 billion, 10,000-unit apartment and penthouse portfolio. City Club Apartments CEO Jonathan Holtzman made the announcement. “This is a historic day for our customers, investors,...
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Robbins Electra Acquires 408-Unit Garden Apartment Community in Charlotte, North Carolina

This post was originally posted from MultifamilyBiz.com. This content is redistributed with the Author's approval. CHARLOTTE, NC – Robbins Electra, one of the fastest-growing multifamily owner-operators in the Southeastern U.S, has purchased a 408-unit apartment community in Charlotte, NC. The asset, currently known as Pavilion Crossing, will be rebranded as Grand Reserve at Pavilion. This...
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