Mortgage rates ended 2024 hovering back to within the vicinity of the 7% level, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.85% as of Dec. 26, up from last week when it averaged...
PNC Bank N.A. announced the closing of Low-Income Housing Tax Credit (LIHTC) Fund 96, which is investing $128 million in the development and rehabilitation of affordable rental housing. According to the bank, the fund includes investments from PNC and four other banks...
A partnership between Security Properties and an affiliate of Rockwood Capital closed on the acquisition of NV Apartments, a 284-unit multifamily property in Portland. Built in 2016 and located in the city’s North Pearl District, the property’s residential floorplans...
South Bend, Indiana-headquartered Strawberry Fields REIT Inc. (NYSE American:STRW), a self-administered real estate investment trust focused on skilled nursing and certain other healthcare-related properties, has entered into a $24 million purchase and sale agreement...
Rye Brook, New York-headquartered National Multifamily Corp. announced the sale of a 116-unit apartment complex located in Bridgeport, Connecticut, to a New York-city based investor for $14.1 million, or $121,552 per unit. The property had been held by the same family...
FCP, a Chevy Chase, Maryland-headquartered real estate investment firm, has acquired the Alexan Miramar Apartments, a newly constructed 250-unit multifamily community in Miramar, Florida. The Alexan Miramar offers studio, one-, two-, and three-bedroom apartments, with...
