market rate
Total 4 Posts
Market-rate housing refers to apartments that are being offered to residents at the current market rate. This is in contrast to affordable housing, which is typically offered at less than market-rate, often at a certain percentage of a location's Area Median Income (AMI).
Tandem Secures $114M Financing for 2 Chicago Properties
The developer received a $58.4 million construction loan and a $55.6 million refinancing through HUD programs.
Blackstone to Buy PAC for $5.8B
The all-cash deal at $25 per share is anticipated to close before the end of June.
Central Florida Asset Sells for $43M
ACRES Capital provided the buyer with $34.7 million in acquisition financing.
Opportunity Zones IRS and Treasury Updates Brings Clarity to Multifamily Investors
Since Q2 2019, a new flurry of updates about the government’s Opportunity Zones program has answered many questions about how the program will be operated. Not everything, however, has been fully revealed.