Apartment Look

Vanguard Group is fast becoming a dominant investor in the U.S. real estate industry . Securities and Exchange Commission reports compiled by Bloomberg show that the company’s mutual funds and exchange-traded funds are now the leading owners of real estate investment trusts (REITs), the tax- protected investor funds that own many of the nation’s offices, shopping centers, apartments, hotels, warehouses, and data and storage centers. Including its indexed stock and REIT-focused funds, Malvern- based Vanguard owns 18 percent of Host Hotels & Resorts, whose portfolio includes Ritz -Carlton, Marriott, and Westin hotels; 15 percent of Simon Property Group , the national mall owner that counts King of Prussia Mall among its holdings; and a similar share of Prologis, the warehouse giant. Locally, Vanguard funds control 16 percent each of Brandywine Realty Trust , which owns a majority of Center City’s highest buildings; Liberty Property Trust ...

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 ...

CLEVELAND, Ohio - The owner of downtown Cleveland's fourth-tallest building is doing an about-face, marketing the Tower at Erieview and the adjacent Galleria shopping mall for sale after more than a year of exploring a partial conversion of the skyscraper to apartments. RAIT Financial Trust recently put the buildings on the market, at an undisclosed price. A listing package from real estate company HFF , Inc., started making the rounds last week. The 40-story tower, at East 12 th Street and St. Clair Avenue, is only 45 percent leased, according to HFF's listing materials. The glassy, barrel- shaped Galleria is 60 percent leased. The property also includes a 421- space parking garage . Related: Oswald Centre, former Eaton Center hit the market RAIT's decision doesn't shut the door on a potential residential redevelopment of a third of the office space. But the listing throws the timeline for such a project into limbo - and signals that the Philadelphia- based company...

Avalon Russet is located in Laurel, Md., about 20 miles north of Washington, D.C. (Photo courtesy of avaloncommunities.com) LOS ANGELES, WOODLAND HILLS, CALIF. AND LAUREL, MD. — Bellwether Enterprise Real Estate Capital LLC has arranged three loans totaling $185.1 million for the refinancing of a multifamily portfolio located in California and Maryland. The portfolio consists of three properties totaling 1 ,384 units. The assets include: Avalon Russet in Laurel, Md.; eaves Woodland Hills in Woodland Hills, Calif.; and eaves Los Feliz in Los Angeles. Kip Kimble of Bellwether Enterprise arranged the 10-year loans for the borrower, AvalonBay Communities (NYSE: AVB). New York Life was the lender. AvalonBay Communities is a real estate investment trust that owns and manages apartment properties concentrated in the Northeast and Western regions. Bellwether Enterprise is a subsidiary of Enterprise Community Investment . — Kristin Hiller

Other Institutions have lately purchased and unloaded stocks of the company. The Massachusetts- based Pioneer Invest Management has invested 0.27% in Nike Inc (NYSE:NKE). The stock declined 0.24% or $0.25 reaching $104.84 per share. Anthem Inc (NYSE:ANTM) has risen 31.86% since August 11, 2016 and is uptrending. It has outperformed by 6.37% the S&P500. Loomis Sayles & Company LP decreased Mid (MAA) stake by 5.07% reported in 2016Q4 SEC filing . The company is trading down by -0.02 percent from yesterday's close. Creative Planning now owns 1,715 shares of the real estate investment trust 's stock valued at $175,000 after buying an additional 577 shares in the last quarter. Mid- America Apartment Communiti now has a P/E ratio of 48.33 and market cap is 11.88B. The stock rose 0.02% or $0.01 reaching $59.08. About 395,053 shares traded. After $0. 60 actual EPS reported by Nike Inc for the previous quarter, Wall Street now forecasts -18.33% negative EPS growth. Advisor P...

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...

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...

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The city of East Palo Alto , a wedge of modest houses and light industrial sites in the heart of Silicon Valley , has been passed by in the great tech boom . A historically black area , it has seen a big Hispanic influx in the past two decades, with more than three out of four residents now coming from one of those two groups. It is still living down its reputation, gained a quarter of a century ago, as the murder capital of the US: one out of every 571 of its residents was the victim of a homicide in a single year. Things have improved since then. But over the same period, it has become the poor neighbour to some of the world's richest companies. In one of the ultimate signs of the divide between the haves and have-nots of the western US, the municipal government of East Palo Alto didn 't own the rights to draw more from the state's water reserves, which it would need in order to grow. In June this year, it took a gift of cash, from the private foundation set up by Mar...