Items Tagged with 'multifamily housing'

ARTICLES

  • Waterton plans $2.5 billion investment in multifamily housing

    Announces closing of $920 million investment fund
    Waterton, a national real estate investor and operator, is planning to invest more than $2.5 billion in multifamily housing over the next two years after closing its largest-ever investment fund. According to David Schwartz, Waterton’s chief executive officer, chairman, and co-founder, the firm has big plans for Venture XIII, which is the firm’s largest fund ever.
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  • RealPage continues growing, set to acquire ClickPay for $218 million

    Acquisition will be company’s fifth since 2017
    RealPage, a provider of software and data analytics to the real estate industry, went on quite the run of acquisitions last year, acquiring four different companies throughout the year. As it turns out, RealPage isn’t done yet. The company announced Friday that it is acquiring ClickPay, an electronic payment platform servicing 2.3 million units across the multifamily, HOA, condominium and co-op segments of real estate, in a $218 million deal.
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  • Crowdfunding platform DiversyFund plans $50M investment in multifamily, commercial real estate

    Claims new fund’s projected returns are between 15% and 20% per year
    DiversyFund, a crowdfunding platform that specializes in real estate investing, is launching a new fund that will target multifamily and commercial real estate. The company is planning to raise $50 million for the fund with a minimum investment of $5,000, and claims that the fund’s projected returns are between 15% and 20% per year.
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  • Fannie Mae wants affordable housing developers to focus on resident wellbeing

    GSE now offer loan discounts for certain multifamily properties
    Last year, Fannie Mae launched a program designed to increase the development of healthy living options for residents of affordable, multifamily rental properties. Now, Fannie Mae is rolling out a new program feature encouraging developers to focus more on the health and wellbeing of their residents by offering a lower borrowing rate.
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  • RealPage continues expanding, agrees to buy On-Site for $250 million

    Acquiring leasing and marketing platform for rental properties
    This year really is turning out to be a year of expansion for RealPage, as for the fourth time in 2017, RealPage, a provider of software and data analytics to the real estate industry, announced that it is acquiring another company. RealPage announced Wednesday that it is acquiring “substantially all of the assets” of On-Site Manager for approximately $250 million in cash. That brings RealPage’s total expansion expenditures for 2017 to just shy of $700 million.
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  • RealPage expanding again, acquires American Utility Management

    Buys provider of utility and energy management solutions for $70 million
    RealPage’s year of expansion continues. First, the company acquired Axiometrics, a provider of apartment market data, for $75 million. Then, RealPage announced that it planned to acquire Lease Rent Options from The Rainmaker Group for $300 million. And the company isn’t done yet.
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  • Fannie Mae rolls out Healthier Housing Rewards for multifamily properties

    Now offering price break for developers who include healthier design elements
    Fannie Mae this week rolled out a new program designed to boost the development of healthy living options for residents of multifamily properties. The program, called Healthy Housing Rewards, is an initiative that targets the developers and offers them an incentive to include healthy design features for newly constructed or rehabilitated affordable, multifamily rental properties.
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  • RealPage seeks to build apartment data giant with acquisition of Axiometrics

    Also signs long-term deal with Real Capital Analytics
    RealPage, a provider of software and data analytics to the real estate industry, is growing its operation and seeking to create an apartment data giant with a pair of deals - acquiring “substantially all of the assets” of Axiometrics, a provider of apartment market data, for approximately $75 million; and entering into a “long-term” deal with Real Capital Analytics, a provider of multifamily sales transaction data and analytics.
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