July 5, 2022
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Acquisition of the Week: Northwood Estates Apartments in New Jersey
Northwoods Estates Apartments, a garden style apartment community in North Brunswick, N.J., has sold for $63.5 million. Gebroe-Hammer Associates, a N.J. — based brokerage specializing in multifamily properties, has arranged the off-market sale as the first part of a 1031 property exchange. The firm’s executive vice president, David Jarvis, and executive managing director, Joseph Brecher, More
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Student housing lenders target Southeast, Southwest and Sunbelt markets
Borrowers will see ample available capital for student housing and watch for some traditional multifamily lenders to enter the game this year. There will be a flight to quality, and lenders will target top-tier markets with strong fundamentals and schools with healthy enrollment trends. Anticipate a slight decrease in agency lending volume, as alternative conventional More
