Multifamily

Indianapolis was the top performer of Yardi Matrix's top 30 markets and recorded a year-over-year rent growth of 3.5% last month.

Modera Redmond, developed by Mill Creek and designed by Tiscareno Associates, maximizes both unit count and tenant livability with 300 residential units, two courtyards and bi-level parking on a 1.8 acre footprint.

Berkshire Property Holdings acquired the 568-unit portfolio, with plans to implement a multi-million dollar renovation program.

The developer has acquired a 94-acre land site in San Jacinto with plans to build an affordable home community, Las Colinas Village.

The company purchased the South Carolina 330-unit, class A, residential community in an off-market transaction from Southeastern Co.

With nearly half of Americans theoretically able to telecommute, Zillow found that almost 2 million American renters living in pricey metro regions could afford starter homes in less expensive parts of the country.

The multifamily asset class has continued to show resiliency, according to CREXi.

Armada Hoffler Properties Inc. and Terwilliger Pappas plan to break ground this month on the 223-unit residential project in Gainesville, GA.