Multifamily

Five-star luxury hotel brand eyed for site occupied by parking garage.

Valley Bank, IBD Bank and Mavik Capital Management are providing the financing.

The company has made two acquisitions already this year.

In the best cities for renters, rent can cost as little as 15% of income.

The Texas city has a low rent-to-income ratio of 19.7% and a high rental vacancy rate of 9%.

"What we're doing is using lower-cost equity."

The rise may be slow, but the dip in mortgage rates and low inventory is likely to keep it steady

Rents tick up for second consecutive quarter, occupancy steady.