Multifamily

LOS ANGELES—While transit-oriented development is all the rage, it mainly arrives as market-rate units, but this new project from ROEM in Baldwin Park is for low-income residents.

CHICAGO—Millennials and seniors are seen as key drivers for the REIT market, underpinning demand for multifamily housing and senior care facilities

ORLANDO—The buy includes garden-style multifamily assets dating back to the 1960s.

NEWPORT BEACH, CA—“The odds seem to favor a world in which hotels and home sharing can peacefully co-exist,” says Green Street Advisors, which also sees opportunities for the multifamily sector.

LOS ANGELES—This city has the lowest homeownership in all of California, and a new report from JLL shows that homeownership has been steadily declining for years.

HOUSTON—The RADCO Companies says class-B communities with modest rents have a competitive edge in the market, which made the acquisition of two communities compelling.

IRVING, TX—Investor interest is picking up in the metroplex as transaction velocity has jumped 12% at mid-year, with an example being the recent $19.2 million acquisition financing for Ladera Ranch Apartments.

Here's a look at this week's trends, announcements and deals that you may have missed in the Northeast region.