Fogelman Properties completes acquisition of 300-unit multifamily community in Douglasville, 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 One Rocky Ridge, a 300-unit multifamily community located in Douglasville,...
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...
Capitalization closed for Class A multihousing development at 7000 Wisconsin Ave.
JLL Capital Markets announced that it closed the capitalization for a Class A multihousing development located at 7000 Wisconsin Ave. in Bethesda, Maryland, which is less than 10 miles from Washington D.C. The high-rise development...
Institutional Property Advisors brokers multifamily sale in Orlando Florida
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of City West, a 300-unit apartment property in Orlando, Florida. The asset sold for $49.75 million. The buyer assumed the existing...
Commercial real estate veteran Denise Katz joins Cityview as director of asset management
Cityview, a vertically integrated real estate investment management firm focused on multifamily and mixed-use real estate in the Western U.S., announced that Denise Katz has joined the team as director of asset management. Katz...
Industry veteran Edgar Morales joins Rose Community Capital as Director of FHA/USDA Loan Originations
Rose Community Capital (RCC), the lending arm of Jonathan Rose Companies focused on the origination, underwriting and placement of FHA insured multifamily mortgages, announces that 30+ year industry veteran Edgar Morales has joined the...
Middleburg Communities names Reece Kimsey as Principal
Middleburg Communities announces that Reece Kimsey has been promoted to Principal, a reflection of his increased ownership in the firm’s business and a larger role in all of the company’s projects, including new development...
Value-add apartments purchased for $40.2 million in Coral Springs, Florida
JLL Capital Markets announced it has closed the $40.2 million sale of Coral Falls, a 190-unit value-add multihousing property located in Coral Springs, Florida, which is just 20 miles northwest of Fort Lauderdale. JLL worked...
Builder confidence edges up as strong demand offsets supply-side challenges
Strong buyer demand pushed builder confidence up in April even as builders continued to grapple with rising lumber prices and supply chain issues and consumers faced higher home prices due to a lack inventory. The latest National...
April apartment market conditions show improvement
Apartment market conditions showed improvement in the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for April 2021, as the industry begins to see signs of optimism. While the Sales Volume (77)...
NMHC identifies industry’s largest firms
The National Multifamily Housing Council (NMHC) released their 2021 list of the largest firms in the US multifamily housing industry. The firms are ranked by units in buildings with 5 or more units. The...
Gino Franco and Sandy Skeie of Marcus & Millichap broker multifamily asset sale in...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced sale of 225 Mallorca Way, a 21-unit multifamily property at Mallorca Way and Capra...
REEP Equity secures acquisition financing for Savoy Manor in Houston
JLL Capital Markets announced it arranged acquisition financing for Savoy Manor, a 192-unit multihousing property located in Houston, Texas. JLL worked on behalf of the borrower, REEP Equity, to secure the 10-year, floating-rate loan through...
Ranchharbor and Westgrove Partners acquire Albuquerque value-add multifamily portfolio
RanchHarbor and Westgrove Partners, two real estate investment firms based in Newport Beach, Calif. and Los Angeles respectively, announced their joint venture (JV) partnership in the acquisition of a two-property multifamily portfolio in Albuquerque,...
2851 Boston Ave. apartments in San Diego, California purchased
JLL Capital Markets announced that it closed the $2.4 million sale of 2851 Boston Ave., a nine-unit apartment community located in the Barrio Logan submarket of San Diego, California. JLL represented the seller, WLA Investments...
