Apartment Look

Following U.S. election volatility some analysts have updated their recommended target prices on shares of Mid- America Apartment Communities , Inc. (NYSE:MAA). According to the most recently released broker notes , 4 analysts have a rating of “strong buy” on the stock, 8 analysts “buy”, 6 analysts “neutral”, 0 analysts “sell” and 0 analysts “strong sell”. Latest Recommended Buy/Sell Side Ratings: 07/06/2017 – Mid- America Apartment Communities , Inc. was downgraded to “” by analysts at UBS. They now have a USD 107 price target on the stock. 04/18/2017 – Mid- America Apartment Communities , Inc. had its “” rating reiterated by analysts at Barclays. They now have a USD 117 price target on the stock. 03/30/2017 – Mid- America Apartment Communities , Inc. had its “” rating reiterated by analysts at Jefferies. They now have a USD 115 price target on the stock. 12/13/2016 – Mid- America Apartment Communities , Inc. was upgraded to “” by analysts at RBC Capital. They now have a USD 1...

CLOSE North Korea threat; Fatal Rehoboth Beach house fire ; Bruce Springsteen on Broadway 8/10/17 1303 Delaware Avenue was purchased by Capano Management . (Photo: Courtesy of Capano Management ) Capano Management continues to bolster its residential portfolio with the acquisition of 1303 Delaware Apartment Homes in Wilmington's fashionable Trolley Square neighborhood . A sales price was not disclosed. Capano financed the purchase with a fixed-rate loan from Fannie Mae.  The privately-held Wilmington-based developer's multifamily division, Capano Residential , purchased the 231- unit high rise from Merion Realty Partners , a Wynnewood, Pennsylvania, real estate investment firm . Jeffrey Shumaker, vice president responsible for Merion's multifamily division, declined to comment on the transaction. "That's not public information," Shumaker said of the sale.  Upon acquisition, Capano Residential , which is headed by Louis J. Capano, renamed the property Par...

The institutional investor held 52 ,271 shares of the major banks company at the end of 2016Q4, valued at $2.69M, up from 44,571 at the end of the previous reported quarter . As per Thursday, February 2, the company rating was maintained by RBC Capital Markets . The Massachusetts- based Pioneer Invest Management has invested 0.27% in Nike Inc (NYSE:NKE). About 40,725 shares traded. It is down 3.26% since August 10, 2016 and is uptrending. Steinberg Global Asset Management 's holdings in Mid- America Apartment Communities were worth $245,000 as of its most recent filing with the SEC. The stock has a market capitalization of $11.87 billion, a P/E ratio of 48.30 and a beta of 0.35. The stock rose 0.02% or $0.01 reaching $59.08. About 395,053 shares traded. Finally, Cleararc Capital Inc. raised its position in Mid- America Apartment Communities by 1.9% in the first quarter. It has underperformed by 15.78% the S&P500. Advisor Ltd invested in 3,041 shares. 141 funds opened positi...

Gebroe-Hammer Associates Coveted apartment  complex fetches $40M An apartment community in tony West Orange , NJ,  has been sold for $40.5 million. Gebroe- Hammer Associates brokered the sale of the 178- unit Crest Ridge Apartments complex . The team of Greg Pine and Adam Zweibel exclusively represented the original developer , Rockledge Realty, LLC, and procured the buyer, Sela Realty Investments , in the transaction. Located at 200 Mt. Pleasant Ave. at the base of an 80 ft. cliff, the 16-building, historically well- occupied complex posed an extremely rare acquisition opportunity within the Northern New Jersey metro. “Situated in the Town Center section of West Orange, Crest Ridge Apartments is at the heart of one of the most expensive, in- demand local neighborhoods as well as the transit- filled greater West Essex County submarket ,” said Pine. “In a township where apartment rentals make up only about one-third of the housing stock, Crest Ridge Apartments is a gem favored...

LONG BEACH, CA--(Marketwired - Aug 17, 2017) - RK Properties (www.RKProp.com) announced that it has acquired Edwards Mill , a 220- unit multifamily property in Raleigh, North Carolina. "We are excited to add our third and final property to RK Opportunity Fund IV with the purchase of Edwards Mill ," said Steve King, Vice President of Long Beach, California- based RK Properties . "We believe this asset is consistent with our disciplined underwriting criteria that meets the requirements of our investors for preservation of capital, reliable monthly income , appreciation, and tax benefits." Mr. King noted that RK Properties focuses on acquiring multifamily assets in strong locations with historical rent growth and a value- add opportunity . Edwards Mill is the company's first Delaware Statutory Trust (DST) structure, offering investment opportunities for 1031 exchange buyers and direct capital investors . Built in 1984, Edwards Mill is a 220-unit class ...

Breckenridge Apartment Homes , Portland, Ore." width="300" height="133" /> Breckenridge Apartment Homes , Portland, Ore. Portland, Ore .— Resource Real Estate Opportunity REIT II , a non- traded real estate investment trust sponsored by Resource Real Estate , announced it has acquired the Breckenridge Apartment Homes . Details about the transaction remain undisclosed . Breckenridge is a garden style multifamily community with 357 units built in 1985 in the West Hills submarket at 8150 SW Barnes Road . The property sits within five minutes of both Providence St. Vincent Medical center and the Sunset Corridor. “We are very pleased to be able to execute the purchase of Breckenridge on behalf of Opportunity REIT II and its investors. Portland is among the best cities in the U.S. for attracting young, creative and educated people. Due to its talented labor pool , Portland has seen the breadth of its job opportunities grow as key employers have followed the ...

Today’s generation of new apartment buildings looks nothing like its dated predecessors. Built to emulate high-end condominiums but with the services and amenities of upscale hotels, these extraordinary vertical communities boast beautiful designs and common spaces to die for. Here’s a look at some of the new, state-of-the art apartments emerging in cities all across Canada and a list of their featured amenities. From East to West and top to bottom, apartment living today is anything but bland. The Alexander Location: Halifax Owner/Manager: Killam Apartment REIT Opening: October 2017 At 22 storeys, The Alexander is a brand new residential development located on Lower Water Street in downtown Halifax. A blend of  modern and historic with its ironstone base and a soaring glass tower , The Alexander will provide residents with convenient access to the popular Brewery Market Square where on- site retailers abound . Building amenities include : a spacious 800+ square foot lobby; a...

Massachusetts firm pays $56M for Jupiter apartment complexes Mallards Cove and Shell Trace Apartments sold for about $156,000 per unit By Amanda Rabines | August 15, 2017 12:00PM Mallards Cove Apartments Inset : Lawrence R. Gottesdiener CEO Northland Investment Big ticket multifamily complexes keep trading in South Florida. Newton, Massachusetts- based Northland Investment Corp . just bought two sister rental communities in Jupiter for $56 million, property records show . The real estate investment firm financed the deal with a $46.4 million mortgage from CBRE Capital Markets . Records show the mortgage is a Freddie Mac loan . The communities are called Mallards Cove and Shell Trace Apartments . The properties, located at 6705 Mallards Cove Road , stretch nearly 31 acres and offer about 359 units, meaning the trade breaks down to about $156,000 per unit. The seller is linked to Rhode Island- based Preston Giuliano Capital Partners . Records show the company is led by Michael Giul...

SANTA ROSA, Calif. , Aug. 22, 2017 /PRNewswire/ -- San Francisco area based Praxis Capital , Inc . is pleased to announce that it has acquired the 198-unit Class B Birch Run Apartments in Clarkston, Georgia . This is the company's first acquisition in the Atlanta metro. Praxis plans to build a portfolio of approximately 2,000 units in this market. Praxis Capital has acquired the Birch Run Apartments , a beautiful 198-unit Class B Value-add property in Clarkston, GA, a suburb of Atlanta" src="https://mma.prnewswire.com/media/547731/Praxis_Capital_Inc_Birch_Run_Atlanta.jpg?w=800" alt=" Praxis Capital has acquired the Birch Run Apartments , a beautiful 198-unit Class B Value-add property in Clarkston, GA, a suburb of Atlanta" class="img-responsive" /> Praxis Capital has acquired the Birch Run Apartments , a beautiful...

Bellingham is a college town, so Lindsay O’ Neal thought finding a place to live would be easy. However, four months after beginning her search, with her school start date looming , O’Neal is getting worried. The crux of her problem: she has pets. O’Neal, 35, has been looking for an apartment under $900 a month since April. She plans to study marine biology at Western Washington University in September, and like some students, she’s bringing her two cats with her to help with anxiety and stress. She’s now considering commuting 30 minutes to an hour each day from Blaine so she can still attend school in the fall. “I’ve never had this issue before. Usually I find a place and then get the place, but it’s been a nightmare. I don’t know what it is,” O’Neal said. “I can’t believe how difficult the whole thing has been. … People are looking for perfect tenants and that’s not realistic. You have to have a lot of money and no pets, it’s ridiculous.” O’Neal isn’t alone in feeling the pressure...

Kushner Companies hit with rent-stabilization lawsuit in Brooklyn Heights "Ignorance, indifference or utter disregard of the law." From left: Jared Kushner, Laurent Morali and 89 Hicks Street (Credit: Getty Images, CUNY TV and Google Maps) Kushner Companies violated rent -stabilization laws at a building the company owns in Brooklyn Heights , a new lawsuit alleges. The lawsuit, which seeks class action status , comes at a time when the company is already facing scrutiny over its ownership and management of a massive multifamily portfolio with hundreds of rent-stabilized units across the city, and puts a further spotlight on Jared Kushner, the former CEO of the firm and top White House adviser who continues to hold a stake in the Brooklyn Heights property . For years, the 48- unit apartment building at 89 Hicks Street was a servant to institutions. It was first converted to religious housing for the Jehovah’s Witnesses in 1989, and later became a dorm for Brooklyn Law Schoo...