Sentences with phrase «first multifamily apartment»

The REIT is set to acquire its first multifamily apartment community, a twelve - story, 143 - unit high rise located in Southern Maryland, just outside Washington D.C., alongside a group of sophisticated real estate investors who have already committed over $ 5.5 million to the project.

Not exact matches

Because apartment building investing is such a numbers game, success in multifamily as a first time real estate investor would hinge particularly on understanding financial statements and how they effect valuation.

Well, they hit that mark perfectly with their first independently owned multifamily apartment complex.

The $ 100 million, 632 - unit Medici apartments was one of the first multifamily projects to open near the CBD.

The first note, with an original note balance of $ 3,367,000, is secured by a 1984 - built multifamily property also known as Linda Vista Apartments.

Knowing that there so many of you out there that are further down the road than I am and have infinitely more experience than I do, I am requesting the assistance of the BP community to help me answer the question «How can I make my first investment in real estate be in multifamily / apartments?»

NEW YORK CITY — Pembrook Capital Management LLC (Pembrook), a commercial real estate investment manager that provides financing throughout the capital structure including first mortgages, mezzanine, bridge loans, note financings, and preferred equity for most property types, as well as tax - exempt bond financing for the acquisition, construction and rehabilitation of multifamily housing, announced the closing of a $ 7.5 million preferred equity transaction that will be used to facilitate the construction of Lincoln Park, a Brooklyn, NY development consisting of two Class A, multi-family apartment buildings, totaling 133 units.

Apartment vacancy for the first quarter of 2017 remains unchanged compared to the prior quarter, at 4.9 percent, according to data tabulated by commercial real estate brokerage CBRE for its most recent U.S. Multifamily MarketView Snapshot.

There were 3,400 apartment units built to Leadership in Energy and Environmental Design (LEED) certification standards in 2008, when LEED was first used by the multifamily sector.

First and foremost, multifamily owners should utilize this time wisely to invest in capital improvements that will add long - term value to their apartment communities.

CHICAGO — Sue Blumberg, senior vice president and managing director of NorthMarq's Chicago Regional office, arranged first mortgage refinancing of $ 14.5 million for Shagbark Apartments, a 460 - unit, market - rate multifamily community located in Kenosha, Wis..

Same - store rents dropped 4.8 % to some $ 2.30 / SF at high - rise apartment developments within the Perimeter ring as developers saw a slowdown in the number of units leased by consumers, according to the first - quarter Haddow & Co. multifamily market report.»

According to a report released Feb. 10 by apartment search startup ABODO, rents for multifamily units in Reno climbed 12.3 percent during the first month of this year.

The apartment rental market - multifamily housing - should see vacancy rates ease from 4.0 percent in the first quarter to 3.9 percent in the first quarter of 2014; vacancy rates below 5 percent generally are considered a landlord's market with demand justifying higher rents.

The multifamily rental market has led the rest of the housing sector into recovery, and about one - third of housing starts in the first quarter were for multifamily rental apartments.