Magma Equities acquires 359-unit multifamily community in Raleigh/Durham, NC for $42.4 million
Multifamily investment firm Magma Equities (Magma) in partnership with Viking Partners has acquired University Apartments, a 359-unit apartment community located in the Duke submarket of Durham, NC, in an off-market transaction for $42.4 million. Magma...
Fogelman Properties expands acquisition team with appointment of Samantha Lange, Manager of Acquisitions
Fogelman Properties (Fogelman), one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the appointment of Samantha Lange as Manager of Acquisitions. Lange will be based...
Berkadia arranges $52 million recapitalization for Neology Life’s Pier 19 Residences & Marina in...
Berkadia announces it has secured a $52 million bridge loan to refinance Pier 19 Residences & Marina, a 199-unit luxury apartment community along the Miami River in downtown Miami. Senior Managing Director Charles Foschini...
Cushman & Wakefield arranges sale on behalf of Alliance Residential Company and The Carlyle...
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Broadstone Junction, a 290-unit apartment community located in Norcross, Georgia, a suburb northeast of Atlanta. Robert Stickel and Alex...
Capital Square 1031 acquires newly constructed multifamily community in Greater Chattanooga, Tennessee
Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for 1031 exchange and other accredited investors, announced today the acquisition of Lullwater at Big Ridge, a 250-unit multifamily community in the...
Institutional Property Advisors closes Orlando area multifamily sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Legends at ChampionsGate, 252-unit multifamily property in Championsgate, a planned community in the Orlando, Florida metropolitan area. “Orlando is ranked...
Fogelman Partnership completes acquisition of 150-unit multifamily community in Gainesville, Georgia
Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the acquisition of Legacy at Lanier apartments in Gainesville, Georgia. Built in 2004, Legacy...
Birmingham investor OG Capital closes off-market purchase of Multifamily Waterfront Community in Riverside
An affiliate of OG Capital, LLC, a Birmingham real estate investment firm, has acquired Riverbend Apartments. The 144-unit apartment community, built in 1980 overlooking the Coosa River and its Lake Logan Martin Reservoir, is 30 miles east of...
Cushman & Wakefield arranges sale on behalf of Daniel Corporation
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Legacy Haywood, a 244-unit apartment community located in Greenville, South Carolina. Tai Cohen, Jordan McCarley and Marc Robinson of...
Berkadia secures $43.2 million in acquisition financing for 252-unit community in Orlando
Berkadia announces it has arranged $43.2 million in financing for the acquisition of Legends at ChampionsGate, a 252-unit multifamily community in Orlando, Florida. Senior Managing Director Mitch Sinberg and Associate Director Matthew Robbins of...
Student housing demand will remain strong, but will be more diverse and focused on...
Student housing has historically experienced recession-proof demand as measured by enrollment in public four-year universities. NMHC’s Research Foundation has released two new reports exploring the future of student housing as the millennials age and...
FCP acquires Westwood Glen Apartments in Atlanta for $24.5 million
FCP announces the acquisition of Westwood Glen, a 247-unit apartment community in Atlanta, GA for $24.5 million. The acquisition marks FCP’s 21st investment in Atlanta and the 9th in the city’s Westside. “Located in the same...
Magma Equities acquires 146-unit multifamily community in West Knoxville, Tennessee for $15.425 million
Multifamily investment firm Magma Equities (Magma) in partnership with Viking Partners has added to its Tennessee portfolio with the acquisition of Greentree Homes Apartments, a 146-unit garden-style community in Knoxville for $15.425 million. The property,...
Luxury multihousing community near Cincinnati sells
JLL Capital Markets announced that it has closed the sale of Vue 180 on the Water a 93-unit, Class A multihousing community in the greater Cincinnati area of Newport, Kentucky. JLL marketed the property on...
Passco Companies acquires luxury multifamily property in northeast Atlanta for $69 million
Transwestern Real Estate Services (TRS) announces its Southeast Investment Sales team has arranged the sale of Noble Vines at Braselton, a 248-unit garden-style apartment community at 1500 Noble Vines Drive in Braselton, Georgia. Transwestern...