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Strong tenant demand has also caused rents to rise, with the overall average rent higher by 7.8% year-over-year, including 10 submarkets that record rent increases of more than 10% during that period.

The firm has signed a 14,020-lease expansion, increasing its leased space at the property to more than 27,000 square feet. The latest deal marks the customized employee discount firm's second expansion in 13 months.

The REIT has sold its stake in the Benchmark Senior Living portfolio for $1.8 billion and is also acquiring a handful of facilities including 6-building, 270,000 square foot medical office campus for $140 million from Summit Medical Group.

The financing package consisted of six new Freddie Mac Value Add Green Advantage loans, five loan assumptions from Fannie Mae and $40 million in equity over the entire portfolio.

Mt. Baker Housing tackled the community redevelopment project and transformed the seven-building Mt. Baker Village Apartments into a transit-oriented development two blocks from the Mt. Baker light rail station.

Designers are finding new ways to integrate technology and technology-friendly spaces into new healthcare facilities.

Despite the maturity of the cycle, preferred equity and structured debt providers have a healthy appetite for new construction apartment projects.

JLL Income Property Trust has acquired a 273-unit apartment building in Chandler, Arizona.