Bloomington, Minn. —Boston-based Intercontinental Real Estate Corp. has purchased the International Village Apartments, a 353-unit community, for $30 million, or $85,269 per unit.
REGIONAL MARKETS: NATIONWIDE
Naperville, Ill. —A fund managed by Hartford, Conn.-based UBS has acquired Thornberry Woods, a 280-unit complex in this Chicago suburb for $39.2 million.
Tampa, Fla.—This city’s multifamily market is on a roller coaster that’s hit a low point for landlords.
Higher rents fatten apartment owners’ profits
Apartment owners naturally want to earn higher returns on their investments, and though lower operating costs can be a good way to achieve that objective, it’s equally important to take advantage of opportunities to raise rents.
Installing a custom-height kitchen