Other Multifamily News

Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced the start of preleasing at Modera The Alameda, a mixed-use apartment community located in the heart of the Silicon Valley.

Greystone, a lending, investment and advisory company, today announced it has provided a $29.2 million Freddie Mac loan for Andover at Crabtree, a multifamily property in Raleigh, North Carolina. Dale Holzer, managing director in Greystone’s Newport Beach, CA office, originated the loan on behalf of one of the largest publicly-traded REITs in the country.

Preferred Apartment Communities, Inc. ("PAC" or the "Company") is profoundly saddened to announce that the Company's Co-Founder, Chairman and Chief Executive Officer, John A. Williams unexpectedly passed away earlier today. The Company's Board of Directors has appointed Vice-Chairman and Chief Investment Officer Daniel M. DuPree to succeed Mr. Williams as Chairman of the Board and Chief Executive Officer.  Leonard A. Silverstein, a co-founder of the Company along with Mr. Williams, has been appointed Vice-Chairman of the Board and will continue as President and Chief Operating Officer.

Recently, Newmark Knight Frank studied the impact social and service amenities had on rent, lease-up, and sale price. According the study, “buildings with five or more social amenities sold for $31,867 per unit less than projects with four or fewer social amenities.”

WASHINGTON, D.C. — Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) on passage of the Omnibus Spending Bill.

Leading property management company takes home highest honor in audience-voted industry award

Greystone Affordable Development, a leading provider of affordable housing recapitalization, rehabilitation and development services, announces the closing of a $38.5 million multifamily housing transaction in Oklahoma.

Greystone, a real estate lending, investment and advisory company, announced it has provided a $17 million Fannie Mae DUS loan to exit construction financing for 152 Manhattan Avenue in Williamsburg, Brooklyn. The transaction was originated by Avrom Forman, Managing Director at Greystone.

LIVEbe, a premier apartment developer and operator dedicated to delivering distinct apartment homes within connected communities, today announced that all three LIVEbe-managed apartment communities have received individual 2017 SatisFacts Resident Satisfaction Awards.