Leasing & Marketing

New Amsterdam Apartments in Amsterdam, New York

State of New York to Provide $406 Million in Financing to Build Five Affordable Housing Developments

by Channing Hamilton August 4, 2023

ALBANY, N.Y. — New York Gov. Kathy Hochul has announced that the State of New York will provide $406 million in financing to deliver approximately 800 new affordable housing units across the state. The financing will be awarded through bonds and subsidies. The New York Division of Homes and Community Renewal (HCR) provided financing for the five developments, which comprised $286 million in tax-exempt housing bonds and $120 million in subsidies. The awarded projects are as follows: Income restrictions for these five developments were not disclosed. Hochul’s announcement came during …

August 4, 2023

Build-to-Rent Development Leasing & Marketing News Texas

Mill Creek Residential Completes Build-to-Rent Community in Celina, Texas

by Channing Hamilton August 4, 2023

CELINA, TEXAS — Mill Creek Residential has completed the construction of Amavi Celina, a 45-acre build-to-rent development in Celina, about 40 miles north of downtown Dallas. The property offers 271 cottage, townhome and single-family detached homes. Units come in one-, two-, three-and four-bedroom layouts. Amenities include a clubhouse with a fitness center, pool, dog park, playground, green space and 1.1 miles of on-site walking trails. Pre-leasing has begun for the community, with the first move-ins expected for late August.

August 4, 2023

Amavi Sherrills Ford in Sherrills Ford, N.C.

Build-to-Rent Development Leasing & Marketing News North Carolina Southeast

Mill Creek Residential Opens Build-to-Rent Community in Sherrills Ford, North Carolina

by Channing Hamilton August 3, 2023

SHERRILLS FORD, N.C. — Mill Creek Residential has opened Amavi Sherrills Ford in Sherrils Ford, approximately 35 miles north of downtown Charlotte. The build-to-rent community offers 134 cottage-style units in two- and three-bedroom layouts. Units feature stainless steel appliances, pin lock entry systems, in-unit washers and dryers, hardwood-style flooring, quartz countertops and fenced-in yards. Amenities include a clubhouse, pool with a sundeck and cabana, a pet park and open green spaces. The first move-ins at Amavi Sherrills Ford are currently underway.

August 3, 2023

Colorado Leasing & Marketing News Operations Utah Western

Asset Living Takes Over Management of Two Communities in Colorado and Utah

by Channing Hamilton August 1, 2023

DENVER AND WEST JORDAN, UTAH — Asset Living has been awarded management of two communities: Regatta at Sloan’s Lake and Momentum. Regatta at Sloan’s Lake is located in Denver and offers 369 units in studio, one- and two-bedroom layouts. Units feature stainless steel appliances, wood-style floors and walk-in closets. Amenities include a dog park with a pet wash station, clubhouse with a game room and a pool. Momentum is a high-rise development in West Jordan. The community was built in 2023. Units come in studio, one- and two-bedroom floor plans. …

August 1, 2023

Leasing & Marketing News Operations Texas

Asset Living Awarded Management of Broadstone McKinney in Dallas Suburb

by Channing Hamilton August 1, 2023

MCKINNEY, TEXAS — Asset Living has been awarded management of Broadstone McKinney, a 255-unit community in the Dallas suburb of McKinney. Broadstone McKinney offers one-, two- and three-bedroom apartments. Units feature full-size washers and dryers, walk-in closets and stainless-steel appliances. According to Apartments.com, the complex was built in 2021 and rises three stories. Amenities include package lockers, a pool, pet park, outdoor kitchen, business center, clubhouse, lounge, fitness center and a playground.

August 1, 2023

Development Florida Leasing & Marketing News Southeast

Terra Completes 460-Unit Natura Gardens Apartments in Miami

by Channing Hamilton July 31, 2023

MIAMI — South Florida-Based developer Terra has completed Natura Gardens, a garden-style community in Miami’s West Hialeah neighborhood. Leasing is now underway for the asset, with rents ranging from approximately $2,000 per month to $3,350 per month. Natura Gardens offers one-, two- and three-bedroom units. Amenities include a two-story clubhouse with a pool and spa, outdoor kitchen and grilling area, children’s playroom, lounge, fitness center, business center and a dog park. Natura Gardens was designed by Pascual, Perez, Kiliddjian Architecture. Interior design for the clubhouse and model units was conducted …

July 31, 2023

Development Leasing & Marketing New Jersey News Northeast

Garden Communities Completes Lease-Up of Green Meadows at Pleasant Plainsin Toms River, New Jersey

by Channing Hamilton July 27, 2023

TOMS RIVER, N.J. — Garden Communities has fully leased up Green Meadows at Pleasant Plains, a 175-unit in the coastal New Jersey township of Toms River. Development on the property was completed in February. Green Meadows at Pleasant Plains offers one- and two-bedroom apartments and two- and three-bedroom townhomes. Amenities include a pool, fitness center, community room, playground and walking trails.

July 27, 2023

Development Leasing & Marketing News Northeast Pennsylvania

EQT Exeter to Open The Clark in Philadelphia’s University City Neighborhood

by Channing Hamilton July 26, 2023

PHILADELPHIA — EQT Exeter has completed development of The Clark, a six-story community in Philadelphia’s University City neighborhood. The Clark will open for residency in August 2023 and will be managed by Greystar. The building will offer 327 units in studio, one- and two- bedroom layouts. Amenities include a rooftop lounge with a grilling terrace, fitness center, co-working spaces with Wi-Fi connectivity and printers, a game lounge and a food delivery hub. The Clark is located in proximity to the University of Pennsylvania and Drexel University, as well as the Children’s …

July 26, 2023

Berkadia Berkadia Feature Build-to-Rent Content Partner Development Features Industry Content Leasing & Marketing Midwest Northeast Southeast Texas Western

Single-Family Rental, Build-to-Rent Sector Increases Supply Volume, Attracts Institutional Capital

by Sarah Daniels June 12, 2023

By Jeff Coles, Berkadia Over the last 15 years, even during the Great Recession, single-family rentals continued to deliver excellent returns through appreciation and rental income. As demand for the sector has increased significantly, driven by changing migration patterns, many investors are shifting their investment strategies to include single-family rental/build-to-rent homes (SFR/BTR), also referred to as built for rent (BFR) houses. Development and Interest in SFR/BTR Despite recessionary rumors, development is continuing, often undertaken by some of the leading developers in the for-sale single-family market. Also, institutional investors have shown …

June 12, 2023

Company News Illinois Leasing & Marketing Midwest News Operations

RMK Selected to Manage Fieldpointe of Schaumburg

by Lynn Peisner April 12, 2023

SCHAUMBURG, ILL. — RMK Management Corp. has been named property manager of Fieldpointe of Schaumburg, a 396-unit community in Schaumburg, Ill., a northwest suburb of Chicago. Fieldpointe comprises 12 three-story buildings and features studio, one- and two-bedroom layouts measuring 548 to 948 square feet. Rents range from $1,382 to $1,950. The property is pet-friendly and offers a pool, covered or garage parking, bike storage and package services. Capital improvement projects are scheduled at Fieldpointe in the coming months, including a roof replacement and cosmetic updates to shared corridors. Chicago-based …

April 12, 2023

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