In early September, the situation appeared to be improving with the amount of algae declining and test results showing no toxins, but as of late September, algae is covering one-fourth of Red Bud's surface at Lady Bird Lake.

Tenant retention is one of the most crucial ways to drive value in an apartment community.

Separately, Greystone secured a $48 million Freddie Mac loan to refinance a seniors housing property on behalf of Harbert Seniors Housing Fund I.

The transformation of The Pizitz would have been a lot less expensive had they started from the ground-up, but to Bayer, it was worth it to restore the building for the city to enjoy.