B2R Finance Prices First Multiborrower Rental Deal
B2R Finance, a company controlled by the Blackstone Group that lends to landlords, has priced its first rental securitization.
Source: www.nationalmortgagenews.com
Large Mixed Use Development Planned for Carillon
Echelon LLC is planning a 2.8 million-square-foot mixed-use development — with office, hotel, retail and multifamily components — on a site chairman Darryl LeClair once proposed for a Tampa Bay Rays stadium.
Source: www.bizjournals.com
520- Jefferson’s 510 unit $102M project in Thornton Park
Jefferson Apartment Group’s Mike Mulhall shares his thoughts on why downtown is the place to be building apartments.
Source: www.bizjournals.com
Jefferson Apartment Group’s 520 is a 510 unit luxury project in Thornton Park.
What markets have just the right mix of employment and rent affordability ?
Zillow study examines the markets that have just the right mix of job growth, affordability , and availability.
Contravest breaks ground on The Addison at Tampa Oaks
262 unit luxury community being developed by Contravest. Property is located at SW corner of Fletcher and I-75. Leasing expected to begin March 2016.
Source: rebusinessonline.com
Temple Terrace has not seen much for new supply during this cycle. Excellent location with proximity to major employment centers. Immediate comp set of Village Oaks, Preserve & Falls have rents trending north of 1 psf. Both Preserve & Falls are partially converted communities originally built in early 2000s . Village Oaks was a 2005 completion. Obviously will need to draw rents higher than the immediate comps, so it will be interesting to see what the traffic does for the existing communities.
Investors Flock to Riskiest Set of Blackstone Rental-Home Bonds
Blackstone Group s latest sale of bonds backed by rental homes found robust demand from investors, particularly the riskiest portions of the offering, as the market prepares for a new breed of the securities.
Source: www.nationalmortgagenews.com