Other Multifamily News

Leading Affordable Housing Not-for-Profit Breaks Ground on Multi-Million Dollar Renovation to Expand High-Quality Affordable Housing Opportunities in Washington D.C.

The NHP Foundation ("NHPF"), a national not-for-profit, today announced that it has begun an $11.3 million renovation and rehabilitation of the Benning Heights Apartments in Washington D.C.. Additional financing partners for the rehabilitation include Citibank, R4 Capital, DC DHCD, DC HFA, HUD Office of Recapitalization, and Benning Heights Tenant Association, Inc.

LMC, a leader in apartment development and operations, this month was named Best Place to Work in Multifamily 2017 by Best Companies Group. The award was presented at the Multifamily Leadership Summit in Scottsdale, Ariz. 

Ram Realty Services and LMC are pleased to announce the sale of  Midtown 205 to an undisclosed institutional investor.  Midtown 205 is a 261-unit apartment community with 8,630 square feet of ground-floor retail space conveniently located in the popular Midtown neighborhood.

ROSS Management Services, a leader in multifamily property management in the Mid-Atlantic region, today announced that it won eight awards from the Property Management Association (PMA). The association, which represents property management professionals in the Washington, D.C., metropolitan area, distributed its Marketing and Advertising Excellence (MAE) Awards and Leasing Professional Awards during its annual ceremony in December.

JVM Realty Corp. (JVM), a leading vertically integrated multifamily real estate investment and property management firm, today announced it was named one of the Best Places to Work in Multifamily at the Multifamily Leadership Summit. The finalists were honored at the annual summit in Scottsdale, Ariz., in December. 

Greystone, a real estate lending, investment and advisory company, today announced it has provided a $220,843,000 Freddie Mac credit facility to Woodland Park Property Owner, LLC. Woodland Park is a 1,808-unit affordable housing project located in East Palo Alto, CA. The facility was originated by Rob Russell, Head of CMBS production, of Greystone’s New York office.

Apex, NC Project Receives Lower MIP Based on 2016 MAP Guide Threshold for Energy Efficiency; Project Fast-Tracked for Financing by Atlanta HUD Office

The National Multifamily Housing Council (NMHC), which represents the leadership of the $1.3 trillion apartment industry, has chosen Shelters to Shutters as their designated beneficiary charity for 2017. Shelters to Shutters (S2S) is a national 501(c)3 organization that transitions individuals and families from homelessness to economic self-sufficiency by educating and engaging the real estate industry to provide employment and housing opportunities. NMHC and its members have raised more than $1.3 million for charities since 2012.

Greystone, a real estate lending, investment and advisory company, today announced it has provided $8,850,000 in Fannie Mae financing on two manufactured housing properties in Nebraska and New York State. The loans were originated by Andrew Ellis of Greystone’s Rockville, MD office, with George Johnson of Rittenhouse Realty Capital as the correspondent on the transaction.                                                                  

Bridge-to-Permanent Financing Preserves Greatly Needed Income-Restricted Housing