At a sale price of $227 million, this asset appreciated to nearly 10% of the portfolio, closing at more than two times the acquisition cost at near record pricing for the San Francisco market.

Panelists at MBA CREF/Multifamily Housing Convention and Expo 2019 talk about HUD's perspective on the housing crisis and collaborative efforts over the past year to tackle issues affecting FHA programs

The portfolio could yield market-rate rent appreciation and value-add opportunities through modest-to-extensive capital improvements, says Gebroe-Hammer's Nicolaou.

The law firm signed a deal to stay at the Broad Financial Center at 33 Whitehall St. for another 10 years.