Multifamily

The recession is often credited with fueling apartment demand, but there was been a growing supply-demand imbalance since the 1990s.

The buyer plans $3 million in renovations to communities in Austin, East Garfield Park, West Humboldt Park, North Lawndale and Roseland neighborhoods

Colliers states that it will add development services team members in Orlando, Tampa Bay and Jacksonville, as well as bring in additional personnel to its South Florida operation.

“The submarket benefits from strong multifamily occupancy and limited new supply," says Knighthead's Peter Illuzzi.

One of Procida's earliest investors was Abdul Qayum, the grandfather of Omar Khan, left, who has just joined the Procida firm. The two are holding Qayum's original brochure, which Procida still keeps in his office.

"The recent pickup in the annual pace of apartment production has brought new supply roughly in line with demand, at least nationally," says Caitlin Walter, Vice President of Research.

Co-living offers investors a 30% net rent premium compared to traditional apartments.

“The goal of our dedicated team of MHC originators and underwriters is very simple: deliver the best loan terms with VIP customer service,” says Chad Thomas Hagwood, Hunt Real Estate Capital MHC Production Head.