Thursday, March 28, 2024

News

Noble Vines at Braselton

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 delinquency survey

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 payment

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...
Upland Townhomes

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

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...
The Ellison

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...
6018-6020 N. Avondale Ave

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...
Osprey Place Apartments

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...
TwentyOnes

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...
Camino 2630

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...
Summit at Landry Way

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...
Northeast Pines

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...
Tim Johnson

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...
construction jobs

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...
District Flats Off Dobson

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...
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