Construction on the Watermere at McKinney development is progressing as planned with the first units expected to be move-in ready later this year. Construction will continue after the first phase opens and is expected to wrap up during summer 2025. The 221…
The distress rate on apartment loans with CMBS financing has increased 185% year to date, according to CRED iQ. Loans in the multifamily sector began 2024 with a 2.6% distress rate—a composite of the special servicing and delinquency rates—and now…
Fairfield Residential paid $51.8 million for a 380-unit South Nashville apartment complex. The Landmark at Wynton Pointe apartment community, located at 1000 Enclave Circle, was purchased for about $136,289 per unit. The development has a pool, fitness area, clubhouse, barbecue…
Last year, Tampa-based American Landmark Apartments went on a buying spree, picking up 30 assets with about 6,000 units worth $1.7B. This year, it wants to buy up to $2B more. Courtesy of Joe Lubeck American Landmark CEO Joe Lubeck American Landmark…
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