UDR/MetLife II Acquires Columbus Square Apts for $630M
UDR/MetLife II UDR, Inc., a leading multifamily real estate investment trust, formed a new real estate joint venture with MetLife, known as UDR/MetLife II, with each party owning a 50-percent…
probate real estate
Millennium Pays $75M for On the Greenway in Boston
Millennium Partners sold On the Greenway, a 220,160-square-foot office building in Boston to Invesco IF IV U.S. 3 LLC for $75 million, or nearly $341 per square foot. The five-story…
CoStar’s People of Note (Jan. 8-14)
This week's People of Note includes the following markets: Atlanta, Austin, Boston, Chicago, Denver, Houston, Las Vegas, Los Angeles, Phoenix, San Antonio, San Diego, San Francisco and South Bay. LOS…
SOLD! – Farmington Townhome Apartments in Beaverton, OR
We are pleased to announce the sale of the Farmington Townhome Apartments, a 62 unit community located in Beaverton, Oregon and Exclusively Listed by Joseph Bernard, LLC.
Rent vs. Own: A Multifamily Executive Special Report on the State of American Housing
The precipitous drop in the national homeownership rate, coupled with the emergence of an 80 million–strong Gen Y demographic now entering peak renting age, has most housing experts convinced that…
Bright future for multifamily sector in Austin
According to research firm Marcus and Millichap, asking and effective rents increased in the Austin, Texas, metropolitan area were projected to end 2011 more than 3 percent higher year-over-year. The…
Research suggests rents, incomes will grow proportionately
New projections from forecasting firm Property and Portfolio Research (PPR) suggest average rents and median household incomes will increase at comparable rates, The Wall Street Journal reports. The forecast indicates…
Multifamily sector may see changes in near future
Rental property management firms and landlords should be aware of the effect developing government policy may have on the multifamily sector. According to Apartment Finance Today, government tax code reforms…
Multifamily industry revenue growth
The apartment sector of the U.S. real estate industry experienced 5.8 percent revenue growth during 2011, according to MPF Research. A recent report from the firm indicates the national occupancy…
Apple REITs & David Lerner • Re: The Facts
It occurs to me that if these REITs go public, DLA relinquishes any control over them, once they get listed on an exchange. How many clients are going to hang…