An Arizona court of equity has cleared the way for a 3,000-unit, seven-property apartment portfolio previously operated by the Bethany Group to be sold out of receivership, says Bill Hoffman, president and founder of San Diego, Calif.-based Trigild, the corporation that was appointed receiver of the properties last September. More
Multifamily operators will have to overcome yet another challenging year of distressed rent fundamentals in order to tap into the promise and expectation of future market growth. More
The recent struggles of two Irvine, Calif.-based apartment firms have shone the spotlight on exactly how bad things are on the West Coast, particularly in Arizona. More