Portfolio Sale “Completes Business Plan Execution”
FRESNO, CA-Decron Properties purchased the 410-unit multifamily portfolio as an REO in 2011. At the time the properties suffered from deferred maintenance and over 20% vacancy.
WASHINGTON, DC--The recapitalization with Beacon Capital Partners closed on Wednesday nights.
NEW YORK CITY—The appointee joins the firm’s multifamily finance team from Prudential Mortgage Capital Co.
NEW YORK CITY—The investor base for StepStone Real Estate Partners III includes institutions and high net worth individuals from across the globe, says real estate head Jeffrey Giller.
SAN DIEGO—Multifamily lenders need to keep an eye on income growth and factor it into their underwriting standards, in addition to being aware of decreasing affordability in the market, speakers at MBA’s CREF/Multifamily Housing Convention & Expo 2017 tell attendees.