Azora and Advenir Strike $3B Partnership to Invest in Rental Units
Azora and Advenir are teaming up in a $3 billion collaboration, called Advenir Azora to invest in rental units. The two management firms will pour the capital into key markets across the states, they announced...
Lincoln Avenue Communities Hosts Block Party at Santa Clara II Apartments in Miami
Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, hosted a block party at Santa Clara II Apartments yesterday with residents to celebrate the property's grand reopening after its major renovation....
FirstService Residential Launches FirstService Development Advisors to Guide Developers in Creating Visionary Communities
FirstService Residential, North America's leading property management company, announces the launch of FirstService Development Advisors, a new division designed to provide comprehensive consulting services to large-scale residential developers, with an emphasis on master-planned communities,...
The Devan Luxury Rental Surpasses 50% Leased Benchmark in Jersey City
More than 50% of the 336 upscale rental homes at The Devan on Jersey City’s Hoboken border have been leased just months after its introduction to the New Jersey Hudson River “Gold Coast” market,...
LandSouth Construction’s New President Jason Cromer Begins Tenure
Jason Cromer has officially started his tenure as President of LandSouth Construction. Jason has spent his career at LandSouth, starting as a Field Engineer and elevating over the years to many roles including Superintendent, Project...
Housing Trust Group Begins Construction of $58M Affordable Courtside Apartments II in Miami
Housing Trust Group (HTG), a leading multifamily developer, alongside AM Affordable Housing, a non-profit founded by NBA Hall of Famer and Miami Heat legend Alonzo Mourning, have closed on financing and commenced construction on...
Journal Square Urby Now Leasing in Jersey City
Urby has officially opened leasing at Journal Square Urby, introducing 317 brand new apartments to one of Jersey City’s most dynamic neighborhoods. The handsome 25-story tower, located at Pavonia and Summit Avenues, directly across from...
AKAM Selected as Property Management Company for New Luxury Rental Development The MC
The MC – a design-oriented rental development – has named AKAM as the property management firm to support developers and prospective and current residents throughout the leasing, occupation, and operation processes. The experienced team is...
HUD Invests Over $1.1M to Modernize Senior Housing in Baltimore
The U.S. Department of Housing and Urban Development’s (HUD) announced the closing of two transactions, totaling $1.1 million, to help finance repairs and energy efficiency and climate resilience improvements at two multifamily properties in...
Capital Square Averages 136.42% Total Return* With Recent Sale of Virginia Multifamily DST Property...
Capital Square, one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced today the sale of Bellemeade Farms Apartments, a 316-unit multifamily property...
Lincoln Avenue Communities with Headen Spring Development Partner to Create New Affordable Housing Community...
Lincoln Avenue Communities, a mission-driven developer and owner of affordable housing, and Headen Spring Development, LLC, a partnership between Refreshing Spring Church of God in Christ and its non-profit affiliate, Sowing Empowerment & Economic...
Berkadia Secures $73M to Refinance Two Jacksonville Multifamily Properties Owned by ROI Capital
Berkadia announced the refinancing of two garden-style multifamily properties, The Village at San Jose and The Villas at Ortega, both located in Jacksonville, Florida, on behalf of ROI Capital. Managing Director Brad Williamson of Berkadia...
Berkadia Secures $55M Refinancing for Advenir at the Oaks Multifamily Community in Orlando
Berkadia announced the refinancing of Advenir at the Oaks, a 408-unit garden-style multifamily property located in the Ocoee submarket of Orlando, Florida. Senior Managing Director Charles J. Foschini, Managing Director Christopher Apone, Vice President-Originations Lourdes...
Berkadia Arranges Acquisition Financing for New Build-To-Rent Community Cedar Ridge at Forest Lake Outside...
Berkadia announced that it arranged acquisition financing for Cedar Ridge at Forest Lake, a brand-new, build-to-rent (BTR) community consisting of 70 single family homes in the fast-growing Orlando suburb of Davenport, Florida. Managing Director Brad...
Hamilton Zanze Announces Sale of Maple Bay Townhomes in Virginia Beach
Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, announced that it has sold Maple Bay Townhomes, a 414-unit apartment community in Virginia Beach, Virginia. “We are very pleased with the disposition of...