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Apartment construction cools rents in some regions • Michigan Advance

Summary by Michigan Advance
Construction crews work on new apartments in Salt Lake City in January. Utah is one of the mostly Sun Belt states where new apartment construction is driving rents lower for a second straight year after dramatic surges earlier in the decade. (Spenser Heaps for Utah News Dispatch)Read more Stateline coverage of how communities across the country are trying to create more affordable housing. A historic rate of apartment building is starting to mak…

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Apartment construction cools rents in some regions • Michigan Advance

Construction crews work on new apartments in Salt Lake City in January. Utah is one of the mostly Sun Belt states where new apartment construction is driving rents lower for a second straight year after dramatic surges earlier in the decade. (Spenser Heaps for Utah News Dispatch)Read more Stateline coverage of how communities across the country are trying to create more affordable housing. A historic rate of apartment building is starting to mak…

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wilmingtonbiz.comwilmingtonbiz.com

Owner of Wilmington apartments completes $69M recapitalization

The real estate investment and development firm that owns Wilmington apartment complexes Pier 33 and Amberleigh South completed a $69 million recapitalization to help grow the company’s footprint across the Sun Belt region. Charleston-based Middle Street Partners purchased Pier 33, a 286-unit complex, in November for slightly more than $85 million.

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Yield PROYield PRO

McShane Completes Construction of The Lacy at South Main Apartments in Kennesaw Georgia

Construction is completed at The Lacy at South Main, a 318-unit apartment residence in Kennesaw, Georgia. McShane Construction Company built the development on behalf of repeat client Highpoint Development. “It was an honor to bring this project to the vibrant area of downtown Kennesaw,” commented Dave Meadows, Vice President & Regional Manager at McShane. “This […] The post McShane Completes Construction of The Lacy at South Main Apartments in …

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Michigan Advance broke the news in on Monday, January 27, 2025.
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