Right At Home
As published in Amgas.com
By Carolyn Kimmel
With new single- and multifamily homes on the upswing, natural gas utilities are leading the way toward innovative solutions to further the housing market’s recovery.
There’s nothing like a healthy dose of optimism to start off the New Year, and finally—after several years of wondering just how long a shadow the 2007–2009 recession would actually cast—there’s good news in the residential housing market.
Multifamily housing starts have essentially recovered to levels approaching normal, and single-family housing starts, while still only about half of what they were in early 2000s before the housing boom, are increasing yearly.Continue Reading »
As published in Mmdcforum.com
Marcus & Millichap / IPA Multifamily Forum DC | March 24, 2016 – Georgetown University Hotel & Conference Center
The Marcus & Millichap / IPA Multifamily Forums across the U.S. bring together over 5,000 multifamily owners, investors, managers and developers to create an in-person marketplace for learning, discover, networking and deal making. The sessions address the major issues affecting the apartment and condo industries today, and the networking allows multi-housing principals to meet, talk and source deals and investment capital.
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Month Of Deals. Here Are The 25 Biggest.
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As published in GlobeSt.com
WOODBRIDGE, VA—Rolling Brook Village, a 732-unit apartment building in Woodbridge, VA is Ralph Dweck’s latest acquisition in the area. The property traded for $138.5 million or $189,208 per unit, according to public records. The cap rate, a source says, was 5.2% based on 2014’s numbers. GlobeSt.com has also learned the deal was part of a 1031 exchange.
The sellers were The Donaldson Group of Rockville, MD and its equity partner, New York-based Angelo, Gordon & Co. They acquired the property in 2013 for $107.5 million, with plans to invest $5 million in upgrades and renovations. Today it is close to 94% occupied.Continue Reading »
As published in JayRickey.com
Wells Fargo has filed a prospectus related to the collateral and structure of its Wells Fargo Commercial Mortgage Trust 2015-P2 transaction, which includes information on the $88 million mortgage loan for Rolling Brook Village, the garden-style multifamily property in Woodbridge, VA.
Originated on November 17, 2015 by Ladder Capital Finance I LLC, the Rolling Brook Village Mortgage Loan had an original principal balance of $88 million and accrues interest at a rate of 5.247% per annum. The Rolling Brook Village Mortgage Loan has an initial term of 60 months and requires interest-only payments through its term. The Rolling Brook Village Mortgage Loan matures on December 6, 2020.Continue Reading »