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benzinga.com 4 hours, 4 minutes ago

Minto Apartment Reit Announces January 2019 Cash Distribution

OTTAWA, Jan. 15, 2019 /CNW/ - Minto Apartment Real Estate Investment Trust (the "REIT") (TSX:MI) today announced a cash distribution of $0.03416 per REIT unit for the month of January 2019, representing $0.41 per REIT unit on an annualized basis. Payment will be made on February 15, 2019 to unitholders of record as at January 31, 2019. About Minto Apartment Real Estate Investment Trust Minto Apartment Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Full story available on Benzinga.com.
Read by 63% of LPs

forbes.com January 08, 2019

Are Apartments Still A Good Investment In 2019?

Apartments remain a solid commercial real estate investment class -- if not the golden child. : Forbes CommunityVoice(tm) allows professional fee-based membership groups ("communities") to connect directly with the Forbes audience by enabling them to create content - and participate in the conversation - on the Forbes digital publishing platform. Each topic-based CommunityVoice(tm) is produced and managed by the group. Lee Kiser is a multifamily expert, active broker and Principal of Kiser Group, Chicagoland's leading mid-market multifamily brokerage firm. Yes, apartments are still a good investment, but for more fundamental reasons than during the past eight years.
Read by 78% of LPs

markets.businessinsider.com January 03, 2019

The Price Of A Typical Manhattan Apartment Just Fell Below $1M For The First Time In 3 Years | Markets Insider

Real estate in Manhattan has been moving toward a buyers' market. The median sales price of units sold in Manhattan fell 6% in the final three months of 2018. The fourth quarter marked the first time in three years that the figure was below $1 million. In the latest sign that Manhattan is heading toward a softer real-estate market, the typical cost of housing sold fell below $1 million during the final stretch of 2018 for the first time in three years.
Read by 31% of LPs

businessinsider.com January 03, 2019

Manhattan Apartment Median Price Below $1M First Time In 3 Years

Real estate in Manhattan has been moving toward a buyers' market. The median sales price of units sold in Manhattan fell 6% in the final three months of 2018. The fourth quarter marked the first time in three years that the figure was below $1 million. In the latest sign that Manhattan is heading toward a softer real-estate market, the typical cost of housing sold fell below $1 million during the final stretch of 2018 for the first time in three years.
Read by 30% of LPs

therealdeal.com December 28, 2018

1250 Fifth Ave | Lakeview Apartments | Lihc Investment Group

Charlie Gendron's LIHC Investment Group secured a $110 million mortgage from Rockport Mortgage to refinance East Harlem's Lakeview Apartments, a low-income housing complex that recently exited the Mitchell Lama-program but will remain affordable under Section 8 guidelines. The financing, according to a public filing recorded Friday with New York City's Department of Finance, includes about $108.4 million to refinance existing debt, and about $1.6 million for a building loan. Commercial Observer first reported the financing [...]
Read by 79% of LPs

therealdeal.com December 21, 2018

Davie Apartment Market | Boardwalk Properties

Boardwalk Properties paid $119 million for a nearly 400-unit apartment complex in Davie, about three months after it hit the market. Pacific Investment Management Company (PIMCO) and Greystar sold Elan Maison, a 394-unit property at 6220 Reese Road, for more than $302,000 per unit. Boardwalk Properties, a Miami Beach-based company owned by the Gober family trust and Adam Walker, is renaming the property The Avenue, according to a press release. Cushman & Wakefield's Robert Given, ... [more]
Read by 49% of LPs

multihousingnews.com December 18, 2018

$31M Refi Earmarked For Baton Rouge Apartments

Eyzenberg & Co. facilitated the loan for the developers of the 224-unit River House Apartments, a live-work-play community. : Developers Emanuel Organek and Marc Blumberg have received a $30.5 million loan to refinance the River House Apartments, a new 224-unit apartment community in Baton Rouge, La. Eyzenberg & Co.'s team of David Eyzenberg and Anastasia Vladislavova arranged the Fannie Mae conventional multifamily loan with Hunt Real Estate Capital providing 75 percent LTV financing with a 10-year term.
Read by 53% of LPs

livemint.com December 18, 2018

Real Estate Investors Prefer Buying Plots To Apartments

Plotted business is more profitable if real estate developers focus on volumes as the margins are lower compared with residential project.
Read by 41% of LPs

benzinga.com December 14, 2018

Minto Apartment Reit Announces December 2018 Cash Distribution

OTTAWA, Dec. 14, 2018 /CNW/ - Minto Apartment Real Estate Investment Trust (the "REIT") (TSX:MI) today announced a cash distribution of $0.03416 per REIT unit for the month of December 2018, representing $0.41 per REIT unit on an annualized basis. Payment will be made on January 15, 2019 to unitholders of record as at December 31, 2018. About Minto Apartment Real Estate Investment TrustMinto Apartment Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Full story available on Benzinga.com.
Read by 63% of LPs

pehub.com December 13, 2018

Covenant Capital Raises $395M For Ninth Apartment Fund

Covenant Capital Group has closed its ninth apartment fund at $395 million, beating its $300 million target. Covenant Apartment Fund IX plans to invest more than $1.2 billion in about 25 to 30 multifamily [...]
Read by 35% of LPs