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...
Rent delinquencies show uptick in June Pulse survey
The week 33 release of the Census Bureau’s Pulse Survey shows that the portion of renters who are behind on their rent payments is up since we last reported on the survey results. Note that...
Rent Tracker finds lower rent payment rate in early July
NMHC reported that 76.5 percent of renters had made at least a partial rent payment for the month of July by the 6th of the month. The Rent Payment Tracker also found that 95.6...
ZMR Capital acquires multifamily community in Atlanta for $40.1 million
ZMR Capital (ZMR) has acquired Upland Townhomes (Upland), a 348-unit multifamily community in Atlanta, GA for $40.1 million. Upland is ZMR’s third acquisition in the Atlanta metro over the past three years and brings the...
Howard Behr joins Amenify as Chief Operating Officer
Amenify Corporation, the leading platform for in-home service staffing within high-end residential properties, announced that Howard Behr has joined the Company as Chief Operating Officer. Behr has spent 20 years in the multifamily industry and...
Cushman & Wakefield arranges sale on behalf of Newport Development Partners
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Ellison, a 250-unit apartment community located in Kennesaw, Georgia. Robert Stickel, Alex Brown and Ashlyn Warren of Cushman...
Interra Realty brokers $1.92 million sale of 12-unit rental community in Chicago’s Norwood Park...
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $1.92 million sale of 6018-6020 N. Avondale Ave., a 12-unit rental community in Chicago’s Norwood Park neighborhood. The price per unit...
Standard Communities expands its affordable portfolio in South Carolina
Standard Communities, has led a public-private partnership to acquire Osprey Place Apartments in North Charleston, SC. This deal brings Standard’s affordable portfolio in the Charleston area to over 500 units. In February, Standard led a...
PCCP, LLC provides $29 million construction loan to Rockworth Companies for urban infill multifamily/retail...
PCCP, LLC announced that it has provided a $29 million construction loan to Rockworth Companies for the development of TwentyOnes, a 108-unit urban infill multifamily project with 20,500 square feet (sf) of ground floor...
Las Vegas developer continues restoration of midtown Las Vegas properties with fifth acquisition
Camino Verde Group, a Las Vegas-based real estate investment, development and asset management company, has acquired Camino 2630 Apartments in Midtown Las Vegas. The community, located at 2630 Sherwood Street, is the fifth vintage...
Institutional Property Advisors facilitates Fort Worth multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Summit at Landry Way, a 224-unit multifamily asset in Fort Worth, Texas. “The property gives the buyer, Jay Duarah of Aspen...
BOLOUR completes $9.62 million value-add multifamily acquisition in Humble, Texas
California-based Bolour Associates Inc. (BOLOUR), a privately-owned real estate investment, development and finance company, has acquired the Northeast Pines apartment community in Humble, Texas for $9.62 million. The company will invest more than $1...
ECI Group names Tim Johnson as Vice President of Resident Experience
ECI Group, an Atlanta-based, privately owned, multifamily owner and developer, announces that Tim Johnson, an experienced hospitality industry executive, will join the company as Vice President of Resident Experience. In this role, Johnson will...
Job openings remain at high level in May
The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report for May. Although last month’s report set a series record for the highest number of job opening, job...
Institutional Property Advisors completes apartment asset sale in Phoenix’s East Valley
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of District Flats Off Dobson, a 112-unit apartment property in Mesa, Arizona. The $18.2 million sales price equates to $162,500 per...