McKinley Park Apartments to be Transformed into Affordable Housing for Seniors
The transformation of Canton’s McKinley Park Apartments into an affordable housing community moved another step closer to reality in December, after The Ohio Department of Development awarded the redevelopment $2 million in state historic...
Walters Group builds Cornerstone At Stafford construction underway on 100 premium income-restricted apartment homes...
Walters Group has begun construction of Cornerstone At Stafford, consisting of 100 income-restricted apartments for seniors (55+). The community, located at 120 Campbell Blvd., Manahawkin, is part of the large-scale Stafford Park redevelopment accessible...
Joint Venture of PCCP, LLC and the Excelsior Group, LLC acquires Mills Creek, a...
A joint venture of PCCP, LLC and The Excelsior Group, LLC has acquired Mills Creek, a Class A, newly constructed, 66-unit, single-family rental community located at 8601 Goldenrod Lane N in Maple Grove, MN....
DB Capital acquires second multifamily property in San Antonio, expanding its Texas portfolio to...
Multifamily investment firm DB Capital Management (DB Capital) has made its second acquisition in San Antonio with the purchase of ReNew TPC, a 408-unit garden-style multifamily community. The Los Angeles-based firm entered the San...
Brick & Bourbon opening soon at Elevate at Southwest Station Apartments in Eden Prairie
Timberland Partners, a privately-owned real estate investment, development and management firm, has announced that Brick & Bourbon has signed a lease at Elevate at Southwest Station Apartments, a mixed-use project currently under construction in Eden...
Mesa West Capital originates $40.875 million loan for multifamily acquisition in Henderson NV
Mesa West Capital has provided The ConAm Group with $40.875 million in short-term, first mortgage debt for the acquisition and repositioning of South Valley Ranch Apartments in the Las Vegas submarket of Henderson, NV.
South...
CBRE arranges sale of multifamily asset in Orange County, Calif., for $462 PSF
CBRE announced the sale of a four-unit multifamily property in Orange County, Calif., for $1,590,000, representing 99 percent of the list price and $462 per square foot.
CBRE’s Executive Vice President Dan Blackwell, Vice President...
New Jersey apartment community trades
JLL Capital Markets announced that it closed on the sale of Addison at Princeton Meadows, a 440-unit, garden-style multihousing community located in Plainsboro, New Jersey.
JLL worked on behalf of the seller, a joint venture...
Tower 16 Capital Partners acquires four property portfolio, its first multifamily project in Albuquerque
San Diego-based Tower 16 Capital Partners has acquired a four-property portfolio, totaling 572 units in Albuquerque, N.M. The property was acquired from Greenwater Investments for an undisclosed price.
“We’re very excited about the acquisition of...
TruAmerica Multifamily continues to build its Phoenix, AZ portfolio with acquisition of two Tempe...
TruAmerica Multifamily, in joint venture with an institutional capital partner, has acquired a two-property, 472-unit apartment portfolio in Tempe, AZ for $67.3 million increasing its local portfolio to more than 2,400 units.
“We continue to...
Avanath Capital Management acquires 261-unit senior housing community in Anaheim Hills, Calif. for $87.5...
Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has acquired its second senior housing community in Orange County in less than 90 days, Overlook at Anaheim Hills in...
MassHousing Closes on $9.6M in Financing for the Renovation and Extension of Affordability at...
MassHousing has closed on $9.6 million in affordable housing financing to The Community Builders (TCB) for the renovation and extension of affordability at the 85-unit The Aurora in downtown Worcester.
TCB plans approximately $10.8 million...
ECI Group Breaks Ground on $76M 300-Unit The Averly Collins Hill Apartments Near Atlanta
ECI Group (ECI), with joint venture partner, The Griffin Fund, has started construction on The Averly Collins Hill, a $76 million, eight-building, 300-unit, Class A apartment development on 22 acres at 700 Collins Road...
Interra Realty brokers $10.3 million sale of Vintage Evanston, Ill. apartment building
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of a 43-unit multifamily property in Evanston, Ill. The vintage courtyard building, located at 612 Sheridan Road, traded for...
Northwest San Antonio multifamily sale brokered by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Fredericksburg Place, a 224-unit apartment complex in northwest San Antonio, Texas.
“The market for multifamily value-add assets in San Antonio is...
