Spirit Investment Partners has teamed with Strategic Value Partners LLC on the off-market acquisition of an 895-unit Texas-based portfolio from Resia, the US multifamily real estate and modular manufacturing subsidiary of the Brazilian homebuilder MRV&Co. The...
Canada’s national apartment vacancy rate fell 40 basis points to 4.7% in during the second quarter, breaking a streak of nine straight quarters of increases. However, a new report by Yardi Canada Ltd. also found the vacancy rate was 60 basis points above the 4.1% rate...
Single-family housing starts in June were at a rate of 895,000, according to data from the US Census Bureau and the Department of Housing and Urban Development. This marked a 0.2% dip from the revised May figure of 897,000. Privately-owned housing starts in June were...
The BLVD Group, a multifamily investment and development firm, has recruited Estelle Chan as director of acquisitions. Based in BLVD’s Los Angeles office, Chan will lead the firm’s affordable housing acquisitions platform, overseeing nationwide sourcing...
A three-company joint venture has been formed to acquire an office property in the Georgetown neighborhood of Washington, DC, and convert it into a multifamily community. According to the companies, the redevelopment will transform two adjacent 1980s-vintage office...
Extra Space Storage Posts 4.6% Same-Store NOI Growth, Reports $1.4 Billion …
