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Industry News

Stay current with the latest news in the income property industry.


The Most Expensive and Cheapest Cities for Rental Apartments

Jan 8, 2018

Multi housing data aggregator and apartment search application Abodo recently published its yearly Rent Report, which shows nationwide trends in the rental market between December 2017 and this January. Using data from Harvard University’s Joint Center for Housing, Abodo revealed that even...

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EYA Celebrates Topping Out New MD Apartment Building

Jan 4, 2018

In the latest multihousing news from Maryland, general building contractor Donohoe Construction and real estate developer EYA have topped out a luxurious 11-story apartment community in Chevy Chase. The Lindley is the western anchor property of an EYA development that is going up on Chevy Chase...

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PAC Purchases 250-Unit Student Housing Community

Dec 22, 2017

A joint venture headed by Preferred Apartment Communities Inc. (PAC) has recently completed the purchase of a 250-unit student housing complex in Waco, Texas. Formerly known as Haven South, PAC has renamed the property Preferred Campus Communities Waco. The 840-bed community offers housing for...

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MG Properties Purchases Two Communities in Washington for $133m

Dec 21, 2017

MG Properties Group (MGPG) has purchased two properties in the state of Washington with a total of 467 apartments for $132.8 million. Newberry Square Apartments is located in Lynnwood, while Beaumont Apartments is situated in Woodinville. MGPG CEO Mark Gleiberman said: “The locations and...

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High Street Residential Begins Construction of Apartment...

Dec 20, 2017

High Street Residential, a subsidiary of the Trammell Crow Company, has begun construction on a five-story apartment building in Pittsburgh, Pennsylvania. Known as Glasshouse, the residential building will be built on the former site of the city’s historic glass manufacturing factories adjacent...

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This blog is for informational purposes only, and is not an advertisement for a product or service. The accuracy and completeness is not guaranteed and does not constitute legal, financial, or tax advice. Please consult with your own legal, financial, and tax advisors.

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