Items Tagged with 'Multifamily investment'

ARTICLES

  • Real estate firm FCP is ready to invest in Opportunity Zones

    An early example of the deluge of capital slated for Opportunity Zones
    The floodgates appear to be opening. FCP, a privately held real estate investment company, is ready to dole out capital for projects in or around Opportunity Zones. This is an early example of what could become an absolute landslide of capital pouring into the Opportunity Zones called for in the Tax Cuts and Jobs Act of 2017.
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  • Freddie Mac re-enters LIHTC market, commits as much as $100 million for affordable housing

    GSE partners with Enterprise to provide up to $100 million in funding for affordable housing projects
    Freddie Mac announced this week that it closed a Low-Income Housing Tax Credit Fund with Enterprise Community Investment. The closing of this fund marks Freddie’s first equity investment as well as its re-entry into the LIHTC market for the first time in 10 years.
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  • NREI: Multifamily investors are still okay with low cap rates, but that could change soon

    Current conditions could put an end to the bidding wars raging over multifamily properties
    Despite major activity in the multifamily property purchase market, cap rates have remained largely unchanged since 2017. According to NREI’s analysis of Real Capital Analytics data, cap rates on apartment acquisitions have averaged 5.6% since 2017 with very little variance to date.
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  • The Green Bay Packers want all the Millennials to live next door

    Team is making a play for Millennials with a mixed-use development across from Lambeau Field
    The Green Bay Packers are building more than 200 housing units, 150 of them for rent and 90 for sale, right across from Lambeau Field. According to a report from Bloomberg by Justina Vasquez and Patrick Clark, this residential project is phase two of the Packers mixed-use real estate bid for Millennial’s interest, Titletown.
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  • Freddie Mac promotes Steve Lansbury to SVP of multifamily underwriting and credit

    Taking over for Deborah Jenkins, who is to become EVP and head of multifamily business
    Freddie Mac just promoted Steve Lansbury to senior vice president of multifamily underwriting & credit. Lansbury will be taking Deborah Jenkins place as she prepares to move up to executive vice president and head of multifamily business for Freddie Mac at the beginning of 2019.
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  • Here's the skinny on Opportunity Zones

    What you need to know about Opportunity Zones: pros, cons, goals
    Opportunity zones are probably the buzziest potential solution for the affordability crisis and local economic stimulus out there at the moment. So, here’s the skinny on how they would work, some of the risks they present and what they are meant to accomplish.
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  • Mill Creek Residential promotes Steve Prochnow to senior vice president of property management

    Will oversee property performance and seek to increase the value of the Mill Creek portfolio
    Multifamily investment firm Mill Creek Residential promoted Steve Prochnow to senior vice president of property management. As senior vice president, he will be responsible for the day-to-day operating performance of the company’s communities, assisting with community transactions and pursuing operational goals to bolster the value of the company’s assets.
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  • MLG Capital Partners raises $100 million to grow multifamily, commercial real estate portfolio

    CRE investment firm closes third fund at $100 million
    MLG Capital Partners, a commercial real estate investment firm, raised $100 million for its MLG Private Fund III and is closing the door on that fund on the 30th of this month. The new fund will be used to expand MLG’s portfolio, which consists of multifamily, industrial, retail and office properties across the U.S.
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  • Here are 4 "buy" cities for multifamily investment

    These four cities are heating up and offer great upside for investors buying into the market
    Scouring the nation for your next cash cow multifamily acquisition? Look no further than these four underrated cities RealPage says have great upside. Things are a little too competitive for to be profitable for many investors in the primary markets. RealPage’s picks are not the sexiest markets, but their fundamentals are solid and their growth potential make them worthy candidates for investment.
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  • Singapore real estate giant CapitaLand enters U.S. multifamily with $835 million acquisition

    Buying 16 Class-B properties in Seattle, Portland, Los Angeles, and Denver
    With rents continuing to rise with little sign of slowing, multifamily real estate in the U.S. is beginning to draw some serious international investor interest, as one of Asia’s largest real estate companies is planning a U.S. invasion of its own. Singapore’s CapitaLand announced Tuesday that it is entering the U.S. multifamily market with an $835 million acquisition of 16 apartment communities in Seattle, Portland, Los Angeles, and Denver.
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