multifamily news

Total 23 Posts
At Multifamily.Today, our multifamily news updates include information about economic trends, major deals, property financing and other subjects of interest to apartment investors, developers, managers, and other players in the multifamily industry.

EverWest Buys $55M Seattle Property

The investment marks the company’s third acquisition in the metro in the past month.

Ideal Capital Pays $96M for Phoenix Property

The newly opened community sold for approximately $561,400 per unit, more than double the average price in the first quarter.

Covenant Capital Pays $52M for Nashville Apartments

FirstBank of Tennessee provided the buyer with $36.5 million in acquisition financing for the 216-unit property.

Old Three Hundred Capital Buys Austin Community

JLL Capital Markets provided $38.5 million in nonrecourse acquisition financing for the 228-unit deal.

Spyglass Capital Partners Sells $106M Atlanta Apartments

The 389-unit community in Sandy Springs last changed hands for $34.1 million in 2014.

Beachwold Residential Grabs $302M Refi

Walker & Dunlop structured the Freddie Mac financing package, which covers a 2,286-unit Connecticut portfolio.

Pensam Capital Grabs $32M Orlando Refi

Berkadia provided the fixed-rate Freddie Mac loan at a loan-to-value ratio of 65%.