Blog Archives

Multifamily REIT Buys Southeast Tampa Apartment Complex for $28.7 Million

Multifamily real estate investment trust Resource Apartment REIT III purchased The Park at Kensington, a 204-unit apartment complex in Riverview, Florida, for $ 28.7 million or $ 140,686 per unit. The Philadelphia-based firm acquired the apartment complex from Blue Magma Residential LLC, which originally bought the community in 2012, according to CoStar data. Located at […]

Area: sqft Bed Room:  Price: 
City:  Location: 

Apartment Construction Booming Across the Southern U.S.

The 816-unit Park Line Miami apartment towers at 250 NW 1st St. in Miami. The project is slated to be completed by the fourth quarter of 2019. Due to impressive in-migration as well as demographic growth and booming economies, southern metros have attracted an impressive share of apartmen Tampa/St. Petersburg Commercial Real Estate News From […]

Area: sqft Bed Room:  Price: 
City:  Location: 

Buyers Getting Picky Over Big Apartment Offerings

Pictured: Wesley Village in Charlotte, NC, one of 11 communities HFF sold in a 3,039-unit portfolio to eight different buyers over the course of one year for an aggregate price of $ 480.6 million.It should be the high-season for sales of large apartment portfolios. Big investors, including well-heeled international players who see demographic trends working […]

Area: sqft Bed Room:  Price: 
City:  Location: 

National Apartment Rent Growth Remains Strong

Landlords continue to benefit from booming apartment demand, as U.S. apartment rent growth averaged 2.9 percent between May of 2017 and 2018. While landlords haven’t been able to push rents like it’s 2015 anymore, the country is eight years into this economic cycle and rents continue to outperform their average in the face of increased […]

Area: sqft Bed Room:  Price: 
City:  Location: 

Robbins Property Associates Secures Financing for Lakeside Apartment Homes

Robbins Property Associates secured $ 24 million in acquisition financing for the Lakeside Apartment Homes located at 529 S. Parsons Ave. in Brandon, Fl. Mitch Sinberg, Matthew Robbins and Eric Savir of Berkadia arranged the Freddie Mac financing on behalf of the owner. It carries a 10-year, floating-rate term with five years of interest-only payments […]

Area: sqft Bed Room:  Price: 
City:  Location: