Wednesday, October 16, 2019

News

Stonebridge acquires 200-unit Marietta, GA apartment community for $23.5 million

StoneBridge Investments of Washington, DC has acquired Avia East Cobb, a 200-unit apartment community located in the affluent Atlanta suburb of Marietta, GA for $23.5 million. The seller, an entity controlled by Harbor Group...

NCV Capital Partners, Lemor Development Group, Mount Hope and CPC close $100 million deal...

NCV Capital Partners (NCV), a real estate advisory and development firm, in partnership with Mount Hope Housing Company (Mount Hope), Lemor Development Group (LDG), and the Community Preservation Corporation (CPC) announced the closing of...

Yardi Matrix reports steady rent growth

Yardi Matrix released its July report on the multifamily housing market. The report shows that the fundamentals of the market remain strong. Rents show continued steady increase When we last checked in with Yardi Matrix in...

Apartment and retail mixed-use asset trades in McKinney, Texas

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of St. Paul’s Square at Adriatica Village, a 211-unit apartment complex with 9,842 square feet of retail in McKinney, Texas. “This...

Red Capital Group provides $52.5 million to preserve affordable housing in Houston, Texas

Red Mortgage Capital LLC, the proprietary debt banking arm of comprehensive capital provider Red Capital Group, LLC (RED), announced the closing of a $52.5 million financing deal with Dalcor Holdings LLC for Vista on...

Marcus & Millichap’s Institutional Property Advisors division continues expansion with addition of Edmonton-based multifamily...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced that Bradley Gingerich, Paul Chaput, Bradyn Arth, and Jane Woertman, an established team of Edmonton-based multifamily investment advisors have joined IPA. Formerly with...

LYND— short name with a long, successful track record in multifamily, announces leadership changes,...

Founded in 1980, The Lynd Company (LYND), a San Antonio-based full-service multifamily property management organization currently managing approximately 23,000 units in 11 states, continues its strong legacy by announcing several key executive management appointments...

NOVO Properties is pleased to announce the acquisition of 1820 Irving Street NE

NOVO Properties (NOVO) is pleased to announce the acquisition of 1820 Irving Street NE, a 15-unit multifamily property located in NW Washington, DC. 1820 Irving Street is located adjacent to the quickly developing Rhode Island...

The Wolff Company announces plans to develop new senior living community in Torrance

The Wolff Company, a Scottsdale-based private equity firm and senior living developer, will break ground later this year on Revel South Bay, a new independent living apartment community adjacent to Manhattan, Redondo, Torrance and...

Vista’s Breeze Hill multifamily community now complete

Construction is now complete on Breeze Hill Apartments—a fully amenitized 88-unit luxury multifamily community in Vista, Calif.—with San Diego-based Sunrise Management overseeing all marketing/branding, leasing and day-to-day operations. The rental community, owned and developed...

Latch announces major partnership with Niido powered by Airbnb

Niido powered by Airbnb, a residential community that supports and encourages home sharing, today announced its partnership with Latch, the first smart access system built for multifamily buildings, to create a sophisticated and seamless...

CA Senior Living announces start of construction on 128-unit Atria at River Trail in...

CA Senior Living LLC, the senior housing investment and development division of Chicago-based CA Ventures, today announced construction is underway on Atria at River Trail, a 128-unit senior living community at the corner of...

WINLYND acquires distressed note on 384-bed student housing community in Texas

WINLYND, LLC has acquired the distressed bank note on a 384-bed student housing community in Beaumont, Texas and subsequently took ownership of the property following a foreclosure auction. The purchase price was not disclosed. Village...

Stonebridge acquires 196-unit Atlanta metro apartment community for $33.4 million

StoneBridge Investments of Washington, DC, has acquired River Vista, a 196-unit upscale garden apartment community in the suburban Atlanta community of Sandy Springs, for $33.4 million. The seller, an affiliate of The Milestone Group,...

Stepp Commercial completes $1.86 million sale of a value add 11-unit apartment property in...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the approximately $1.86 million sale of a value add 11-unit apartment property located at 2121 Long Beach Blvd. in the...
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