Channing Hamilton

1 month ago | multifamilyaffordablehousing.com | Channing Hamilton

12 No matter how drastically the national economy fluctuates, Boston’s multifamily market, supported by an educated workforce, hardly wavers. Supply and demand are rarely that far from equilibrium, given the tightness of the residential housing market and the hurdles facing multifamily developers. Consequently, rent growth is dependable, and modest vacancy rates are the norm.

1 month ago | multifamilyaffordablehousing.com | Channing Hamilton

3 With a new presidential administration comes new policies and new economic uncertainties. But trying times such as these are no match for the consistency of the Indianapolis multifamily market. The metropolitan area’s “steady eddie” performance and resiliency during the tumultuous period of the COVID-19 pandemic has proven its staying power. Metro Indianapolis, with a population base of 2.2 million people, experienced a sizeable population increase over the past four years.

1 month ago | multifamilyaffordablehousing.com | Channing Hamilton

2 PUEBLO, COLO. — Pinnacle Real Estate Advisors has negotiated the $5.5 million sale of Briarwood Apartments, a community located at 2026 Carlee Drive in Pueblo, about 43 miles south of Colorado Springs, Colorado. The property features 60 apartments, as well as an on-site manager house and workshop. Briarwood Apartments ofers 30 one-bedroom units and 30 two-bedroom units. Chris Knowlton of Pinnacle brokered the deal on behalf of both the undisclosed seller and undisclosed buyer.

1 month ago | rebusinessonline.com | Channing Hamilton

2ATLANTA — Affordable housing is facing a tumultuous second half of the year. Tariffs on building materials such as lumber, steel and aluminum are slowing development activity as they elevate construction costs. Investment sales are also likely to be impacted by unstable economic conditions in the affordable housing sector, which has always been cost-constrained due to the nature of income restrictions for renters.

1 month ago | multifamilyaffordablehousing.com | Channing Hamilton

1 AUSTIN, TEXAS — BMC Capital has arranged $67.6 million in financing for a 300-unit project located in the greater Austin area. The name and address of the garden-style property, which was built in 2024, were not disclosed. The financing consists of a $53.5 million senior bridge loan and a $14.1 million preferred equity investment.