Multifamily

Job losses ranged from -206,000 in construction of buildings to -222,000 in real estate and rental and leasing.

Southpoint Acquisition, an indirect wholly owned subsidiary of the Starlight U.S. Multi-Family (No. 1) Core Plus Fund, said it has purchased Southpoint unencumbered for a purchase price of $51.5 million.

The sale of the 288-unit Caliber at Flatirons closed despite the crippling shutdown resulting from the coronavirus pandemic.

The extension comes as the Labor Department reports that 20.5 million people lost their jobs in April, pushing the unemployment rate up to 14.7%.

NorthMarq's regional office in Seattle arranged the deal on behalf of Seattle-based Trent Development and Atlanta's Hatteras Sky.

After some fits and starts, the government assistance is beginning to flow through to renters.

The lender's long-term focus on community development has evolved into a nationwide LIHTC Equity initiative.

First-day apartment rent payments were on par with April payments, according to early data from LeaseLock.