Washington, DC

Morgan Properties bought the 308-unit, garden style apartment community.

More than 1.4 million square feet of inventory has been converted to data centers since 2008 in the region. The pace of conversions has averaged 273,725 square feet since 2015, chipping away at nearly 2% of supply each

The new six-story 187-room Courtyard by Marriott Dulles Herndon is located five miles from Washington Dulles International Airport in the technology corridor dubbed “the Silicon Valley of the East.”

All of the student housing buildings are expected to begin operations by the fall of 2020, with the exception of the Octave at the University of Illinois Urbana-Champaign project, which is scheduled for a fall 2019 occupancy.

The ad campaign began this week and features DC residents and community leaders calling on the City Council to crack down on commercial hosts buying up homes to rent short-term on Airbnb and thus depleting the district's affordable housing stock.

Preservation Partners added the 100% leased Headen House (136 units) and Huntington (204 units) Section 8 communities in St. Charles, MD to its portfolio.

More sales are to come: Pebblebrook plans to sell between $500 million to $1 billion of hotels after the merger is complete.

The report notes that condo supply hit its lowest level of the decade, ending mid-2018 with 1.91 months of supply on the market.