News

After renovating the units, the seller was able to grow rents over its three-year hold period.

Madison International Realty, a real estate private equity firm, has closed on the recapitalization of a $275M multifamily portfolio in New York. The deal includes Urban American, an apartment operator who will continue to manage the 15 properties.

Asking rents in Philadelphia's core contracted over the quarter, but were still higher from earlier in the year, according to the Savills report.

The new hires will be led by Newmark Knight Frank senior managing director and NKF V&A market leader for Illinois, Kansas and Missouri, John Mackris, MAI, MRICS, CCIM.

The bond program will provide funding for projects such as ADA accessibility, major building renovations and new construction projects.

Security Properties and Pacific Life recently purchased Anthology, a 398-unit new construction multifamily property for $163 million, saying the opportunity to own scale off-market in Issaquah was something it could not pass up.

The financing for The Daley at Shady Grove in Rockville, MD was secured on behalf of Black Creek Group.

The development projects approved in 2019 will create an estimated 8,462 construction jobs and 7,799 permanent jobs.