The company has added properties in Fort Lauderdale, Fla., and Los Angeles to its standard housing portfolio in a new partnership.
Mountain Pacific Opportunity Partners has broken ground on 336 W. Seventh St., a $14 million mixed-use project near Los Angeles. The company expects the 37-unit development to deliver in summer 2022.
Hot off a banner 2019, the metro is poised to weather the COVID-19 fallout.
COVID-19’s impact on multifamily development varies widely by location. In the first of two parts, we draw on Yardi Matrix data to identify the sixth through 10th most active markets nationwide.
The completed communities will offer a total of 922 units in San Antonio and McKinney, Texas Multifamily housing developer, builder and manager The NRP Group has launched the construction of four new affordable apartment communities in Texas. The developments are The Arcadian, The Scott at Medio Creek and Luna Flats, all in San Antonio, and Independence at Collin McKinney in McKinney, Texas, a Dallas suburb.
NMHC’s latest report comes as the industry eyes the looming July 31 expiration date for supplemental federal unemployment benefits.
As of July, the metro’s pipeline included 100 projects totaling some 20,600 units, according to Yardi Matrix data.
NMHC’s latest report comes two weeks before additional unemployment benefits and several eviction moratoriums are set to expire.
