Washington, DC

The National Apartment Association's report takes a look at the key factors that make apartment construction more difficult.

The venture will incorporate additional third-party capital to acquire and redevelop multifamily projects.

Walker & Dunlop brokered the transaction for the 180-unit property, which is capturing some of the highest rents in the state, for Bluerock.

Bill Zonghetti and Larry Bank will join the company as executive vice presidents.

Forecasts for commercial real estate prices in 2020 and 2021 are expected to fall below the long-term average growth rate for the first time since 2011.

WashREIT will close on the Maryland portion of the portfolio in the second quarter.

The acquisition will deepen the Singapore-based REIT's footprint in the Northeastern US as well as the Washington, DC-area market.

The deal is comprised of 4.1 million operating partnership units each valued at $15.55, assumed mortgage debt of $36 million, and $5 million in cash.