Sentences with phrase «new multifamily units»

Construction of new multifamily units has been robust over the past five years, far outpacing that of single - family homes, but most of the product is in pricey markets and pricier neighborhoods, not in areas where demand is highest.

Only 36,477 new multifamily units were added, the lowest number in more than eight quarters.

According to Census Bureau data of multifamily completions, the share of new multifamily units in buildings with 50 or more units reached a data series high of 48 % during 2014.

Between 11,200 and 12,000 new multifamily units are expected to come online in 2015, up from about 8,000 last year.

Successfully signed 91 contracts and facilitated addition of 11,715 new multifamily units.

Not exact matches

Within multifamily, Class B provides one of the most attractive investment opportunities due to the imbalance between the strong and growing demand and limited new supply of these units.

WASHINGTON, D.C. (October 10, 2013)-- In 2012, 2,803 different multifamily lenders provided a total of $ 146.1 billion in new mortgages for apartment buildings with five or more units, according to a report from the Mortgage Bankers Association (MBA).

«What's more, a large share of its new units are multifamily units, which should help rents continue to cool this year.»

We have 6,000 types of [multifamily] units being built in the New York metro region now.

HCR is committed to collaborating with partners, and keeping homes affordable and communities strong by protecting one million rent - regulated units, managing a portfolio of more than 190,000 multifamily units and administering more than $ 1.5 billion each year to expand affordable housing opportunities and build strong communities throughout New York State.

@Romeo — I'm not joking: Your remark about a «nicely new 5 unit apartment complex» totally got me to open a new browser tab, and start crawling listings of multifamily units in Atlanta.

A new, $ 2.2 million mortgage for a 26 - unit multifamily building with two commercial units totaling 3,200 sq. ft. on Raritan Avenue in Highland Park, N.J..

A new, $ 25.5 million mortgage for a 1,053 - unit multifamily portfolio located in East Brunswick, Washington, Chatham and Bloomfield, N.J..

Downtown Milwaukee has seen a boom in new multifamily development with about 600 new units proposed for development.

A new, $ 6.5 million mortgage for the purchase of a 66 - unit multifamily building on Union Street in Hackensack, N.J., which was negotiated by Elliot Treitel.

According to a multifamily report from brokerage firm Marcus & Millichap, developers will complete 2,200 multifamily units in Detroit in 2016, the highest volume of new construction completed in 10 years.

LONG BEACH, CA — Meta Housing Corporation has announced the completion of the $ 70 million Long Beach Senior Arts Colony, a new, 200 - unit, transit - oriented, affordable multifamily community for seniors aged 55 +.

There are also new luxury multifamily units being developed.

New York City - based Greystone has closed a $ 34.6 million loan for Lake Castleton Apartments, a 1,261 - unit multifamily apartment complex located at 7601 Carlton Arms Drive in Indianapolis, Ind..

NEW YORK — New York City - based Greystone has closed a $ 34.6 million loan for Lake Castleton Apartments, a 1,261 - unit multifamily apartment complex located at 7601 Carlton Arms Drive in Indianapolis, InNEW YORK — New York City - based Greystone has closed a $ 34.6 million loan for Lake Castleton Apartments, a 1,261 - unit multifamily apartment complex located at 7601 Carlton Arms Drive in Indianapolis, InNew York City - based Greystone has closed a $ 34.6 million loan for Lake Castleton Apartments, a 1,261 - unit multifamily apartment complex located at 7601 Carlton Arms Drive in Indianapolis, Ind..

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.

With a lack of significant new supply in the pipeline, per - unit housing will continue to be primarily influenced by forces in the multifamily market.

«Both the volume and pace of new unit construction has been a concern in the multifamily space this year,» says Camilla Yanushevsky, senior analyst of real estate product operations for S&P Global Market Intelligence.

Since 2003, when Mayor Bloomberg's New Housing Marketplace Plan was launched, the HDC has raised more than $ 6.7 billion in financing and contributed in excess of $ 1 billion in subsidy from corporate reserves for the creation or preservation of more than 60,000 affordable units in privately owned and managed multifamily affordable housing developments.

The multifamily sector will soon set a record for new construction, with more than 77,000 units delivering in the third quarter, adding to the 200,000 - plus units delivered in the prior four quarters, including many still in the lease - up stage.

A study by NAHB economists shows that the increase in the cost of lumber since the beginning of 2017 has been enough to drive up the price of an average new single - family home by $ 6,388, and the market value of an average new multifamily housing unit by $ 2,430.

Suppose you were presented with an opportunity to invest in brand new small multifamily (4 units) properties in a new development in an established Texas market with impressive population growth and solid tenant demand with strong median household incomes to support your rents.

Per Census data, solid gains in both single - family and multifamily production resulted in nationwide housing starts rising 12.1 % to a seasonally adjusted annual rate of 954,000 units: the highest level of new home production since June 2008.

Multifamily units are projected to increase to an annual rate of 550,000 new units a year — about double today's rate.

Per Census data, solid gains in both single - family and multifamily production resulted in nationwide housing starts rising 12.1 percent to a seasonally adjusted annual rate of 954,000 units: the highest level of new home production since June 2008.

Developers started construction on just 28,000 new for - sale multifamily units in 2014, according to data from the U.S. Census.

Issuance of new building permits, which can be an indicator of future building activity, edged down one percent to a rate of 803,000 units in August following a surge in the previous month, with single - family permits holding virtually unchanged at 512,000 units and multifamily permits down 3.0 percent to 291,000 units.

Last year, construction began on less than 1 million new residential units, and about one in three of those was a rental in a multifamily building, according to Census data.

The overall gain in new - home construction in September was reflected across both the single - and multifamily sectors, with the first posting an 11 percent gain to a rate of 603,000 units — the best pace since August of 2008 — and the second posting a 25.1 percent gain to 269,000 units — the best pace since September of 2008.

However, strong gains in new permitting activity for both single - family and multifamily homes drove the combined permitting number for May up 7.9 percent to a seasonally adjusted annual rate of 780,000 units — the strongest pace since September of 2008.

NEW YORK — The Praedium Group, along with Nashville, Tenn. - based Carter - Haston Real Estate Services, have acquired Edgewater Plantation, a 360 - unit multifamily complex in Mount Pleasant, S.C. for $ 42.68 million...

• An $ 8.5 million loan package to refinance a mixed - used portfolio in northern New Jersey that included 73 multifamily units and six commercial units.

NEW JERSEY — Gebroe - Hammer has arranged two separate multifamily investment property deals in Hudson County for a total of $ 1.48 million for 18 total units, including one ground - floor rental unit...

In April, Brazos Fund, L.P., an opportunity fund in which BlackRock Asset Investors of New York is a 50 % partner, completed its first transaction, the purchase of $ 150 million in loans and real estate secured by 2,405 units in seven multifamily properties.

But, Coates maintains, apartment living could be a more attractive alternative if the multifamily industry responded to demographic changes by anticipating and meeting the need for new services, different designs, new unit configuration and technological innovations.

Meridian negotiated a new mortgage of $ 3.75 million on a 59 - unit, six - story multifamily building located on 65th Street in Brooklyn, N.Y..

Harbert Realty Services has teamed with Four Star Holdings on Legacy Springs, a mixed - use development in Odenville, Alabama that will include a new grocery store, additional retail space and, soon to come, a 220 - unit multifamily component.

Panelists concluded that multifamily rents are expected to dip with an uptick in vacancy which will occur as new units are absorbed into the market, particularly in neighborhoods that have been built up in the most recent cycle.

Meridian negotiated a new mortgage of $ 11.5 million on a 79 - unit, six - story multifamily building located on East Hartsdale Avenue in Hartsdale, N.Y..

Meridian negotiated a new mortgage of $ 3.15 million on a 26 - unit, eight - story multifamily building located on Frederick Douglass Boulevard in New Yonew mortgage of $ 3.15 million on a 26 - unit, eight - story multifamily building located on Frederick Douglass Boulevard in New YoNew York.

Many of the markets where developers have been doubling down on building new apartment units are likely to have enough renters to fill those apartments over the next decade or so, according to the latest research commissioned by the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA).

The buyer, aware of Phoenix's current multifamily housing deficit nearing 32,000 units by 2020, hopes to capitalize on this trend, as the workforce housing demand continues to grow in the submarket, with no new workforce housing in the pipeline,» said Alon Shnitzer, senior managing partner at ABI and lead broker for this transaction, in a prepared statement.