Category: Business

Image by Cytonn Photography via Unsplash Multifamily owner and operator Avanath Capital Management LLC has announced that since November, it has closed on more than $205 million in additional equity commitments to the Avanath Affordable Housing Renaissance Fund. In a prepared corporate statement, an Avanath official noted just 36 rental homes are available for every […]

  At the center of all these automated offerings is a recognition of the unique roles that artificial intelligence plays. It offers potential for innovation and an ability to allow communities and operators to maximize meaningful online engagements and improve lead conversions. For its marketing of Paradise Island, an 812-unit luxury apartment community located in […]

Osage Mill groundbreaking. Image courtesy of WinnCompanies WinnCompanies has broken ground on a 139-unit fully affordable community in Bessemer City, N.C. The $35 million historic redevelopment is scheduled for delivery in late 2024. The project consists in the preservation and revitalization of Osage Mill, a historic structure built in 1896. Tise Kiester Architects is the […]

Lofts iThirty. Image courtesy of Anthem Development Anthem Development has secured debt and equity financing for its latest 340-unit multifamily project in Garland, Texas. The developer secured a combined $63 million of joint venture equity and debt from an undisclosed institutional JV equity partner and Bank OZK. Nova Capital arranged the financing, which will be […]

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Sterling Group has landed programmatic equity for the recapitalization of three communities in Charlotte, N.C., Indian Land, S.C., and Knoxville, Tenn., totaling 875 units. Berkadia secured the equity partner, TPG Real Estate, public records show. Prior to this deal, the three assets were subject to $117.7 million in HUD loans, according to Yardi Matrix data. […]

Lew Sichelman Just one year ago, home ownership was more affordable than renting in most places, according to a January 2022 report from ATTOM. Now, the Irvine Calif., company says just the opposite is true. My, how the tide has turned. In January 2022, the real estate data firm reported that owning a median-priced house […]

8181 Allison. Image courtesy of USA Properties Fund USA Properties Fund has broken ground on 8181 Allison, a 147-unit affordable community in La Mesa, Calif. Completion is slated for the last quarter of 2024. The City of La Mesa, KeyBank, California Housing Finance Agency and WNC are also part of the public-private partnership developing the […]

Country Aire. Image via Google Maps Manufactured Housing Properties has purchased two manufactured housing communities in the Southeast: Country Aire in Simpsonville, S.C., and Merritt Place in Brunswick, Ga. The company paid $2.7 million for the first one, according to Greenville County public records. Located at 2 Pepper Tree Lane, Country Aire is an all-age, […]

Jessica Fiur, Editor-in-Chief “Oh, no,” I thought as I looked out my window the other day. Snow was coming down—harder than it had been when I was walking my dog earlier. And it was sticking. This could mean a snow day the next day, which would mean my first grader and third grader home with […]