Other Multifamily News
Greystone closed a $1,950,000 Freddie Mac Small Balance Loan to refinance The Village at Mount Pleasant in the Adams Morgan area of Washington, D.C. The loan for the 15-unit apartment community carries a 10-year fixed rate term with 30-year amortization and is interest-only for three years.
Downtown Fort Worth, Inc. has released its 2015 State of Downtown Report, a yearly publication that offers in-depth analysis of Downtown's primary real estate performance indicators and economic, social and education data.
GAINESVILLE, FL – Trimark Properties, a student housing developer and property management company focused on the niche market for apartments in Gainesville, Florida, won three awards at the Gainesville City Beautification Award Ceremony last week. Including this year’s recognition, Trimark has received over thirty-five City Beautification Awards since the inception of the board. Recipients are selected to, “recognize excellence in a variety of design categories. The awards highlight projects of outstanding aesthetic and artistic appeal.” Projects are chosen in various categories including Public Spaces, Institutional Facilities, Gainesville Apartments, Uniquely Gainesville, Outstanding Group, and Environmental Enhancements.
Vesper Holdings ("Vesper"), a privately-held real estate investment firm based in New York City, is pleased to announce the launch of its in-house student housing management company Campus Life & Style (CLS) to manage its rapidly growing portfolio of off campus apartment communities. With over 10,000 beds spread across 12 markets, Vesper's student housing portfolio is one of the largest in the nation.
Clemson, South Carolina — Grand Campus Living has been awarded the management of GrandMarc Clemson, a 524-bed student housing community being developed by Phoenix Property Company and Homes Urban Properties.
Pinnacle, one of the nation’s leading multifamily management firms, announced today it was awarded over 29,000 apartment homes from two separate portfolios, adding 19,689 units in Florida; 6,635 units in Colorado; 1,144 units in California; and 1,721 units in Washington. To accommodate the growth, the company expanded its national and regional infrastructure to ensure a smooth transition for the incoming communities and team members and to avoid disruption for residents.
