The firm acquired the 114-unit Bloom 24 for $34.2 million and has two additional properties under contract in the market.
Affiliates of UIP Companies Inc. and Churchill Living have purchased a 300-unit, 19-story tower in Arlington, VA, with plans to implement a $9 million renovation.
Still, the industry continues to improve its metrics, led by leisure travel, while meetings and events look better for 2023.
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The multifamily industry is rebounding from the largest disruption in American housing since the Great Recession. Keeping tabs on historic trends, within the context of post-pandemic data, has tremendously helped CRE professionals better navigate the industry. This report summarizes the current state of the multifamily housing industry.
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