Multifamily

Illinois Gov. JB Pritzker, Michigan Gov. Gretchen Whitmer, Ohio Gov. Mike DeWine, Wisconsin Gov. Tony Evers, Minnesota Gov. Tim Walz, Indiana Gov. Eric Holcomb and Kentucky Gov. Andy Beshear jointly announced the COVID-19 partnership.

The purchase marks the firm's fifth acquisition of the year, second property in St. Louis, and first self-sponsored Delaware Statutory Trust.

The new law limits annual rent increases to 4.25% unless a tenant is 65 years of age or older in which case the rent increase is 2.5%.

Multifamily lender Arbor Realty Trust is launching a national $2 million rental assistance program.

To get through the pandemic, rent is important but it isn't the only lease provision that will create flexibility operate properties efficiently.

Veritas Investments is donating 20 furnished apartment units for temporary use by domestic violence survivors as part of its Safe Home Program.

There has been considerable interest in the fund's projects with the flow of traffic actually increasing, says co-founder Edmond Rakipi.

General funds for the state of Illinois are being revised down $2.7 billion in fiscal year 2020 and $4.6 billion in fiscal year 2021.