Decron Properties enters new market with $96.150 million multifamily acquisition in Tempe, Arizona
Decron Properties has made its initial entry into the Arizona real estate market with the acquisition of Broadstone Rio Salado, a 278-unit multifamily property in Tempe, Ariz. for $96,150,000. Completed in 2020, Broadstone Rio Salado’s...
CDC eviction ban struck down nationwide
On May 5, federal judge Dabney Friedrich ruled in the case of Alabama Association of Realtors v. U.S. Department of Health and Human Services that the CDC cannot enforce its eviction moratorium. Unlike previous...
Tower 16 Capital Partners acquires a two-property, 332-unit multifamily portfolio in Phoenix for $55...
San Diego-based Tower 16 Capital Partners has acquired a two-property multifamily portfolio consisting of 332 units in the greater Phoenix area for $55 million. Summerhill Place Apartments is in Glendale, Ariz., and consists of...
Lake Jonathan Flats in growing Minnesota submarket purchased for $30 million
JLL Capital Markets announced it has closed the $30 million sale for Lake Jonathan Flats, a multihousing property totaling 117 units and located in Chaska, Minnesota, about 25 minutes southwest of Minneapolis. JLL worked on...
MidHudson provides $24.5 million in preferred equity for trophy 322-unit Couture tower in Milwaukee
MidHudson LLC has invested $24.5 million in preferred equity for the development of The Couture, a $191 million, 44-story, 322-unit apartment tower that connects the Milwaukee lakefront with downtown through public plazas and pedestrian...
North Tampa apartment complex sale closed by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Moncler Willow Lake, a 144-unit apartment property in the Wesley Chapel/Lutz area of the Tampa-St. Petersburg MSA, Florida. “Moncler Willow Lake...
Sunrise Management expands Portland office
Expanding its new Portland office, San Diego-based Sunrise Management, which has specialized in managing multifamily properties since 1978, has added Amy Cleveland as its newest regional real estate manager. In her new role, Cleveland...
Ryan Companies welcomes Jared Kuhn as Senior Vice President and Sector Leader of Multifamily
Ryan Companies US, Inc.; a national developer, designer, builder and property manager offering full-service commercial real estate solutions; announced the appointment of Jared Kuhn as senior vice president and sector leader of multifamily. This...
Parkview Financial provides $30 million construction loan for 12-story apartment building on Manhattan’s Lower...
Parkview Financial announced it has provided a $30 million construction loan to 63 Pitt Street, LLC for the construction of a 12-story, 59-unit, 40,773-square-foot (sf) apartment building located at 63 Pitt Street in New...
CBRE sees positives for multifamily housing market
CBRE recently released its report on the state of the multifamily housing market in Q1 2021. It found that the market stabilized after a challenging 2020. Operations turn the corner CBRE reported that rents rose 0.4...
Institutional Property Advisors closes 186-unit apartment property sale in West Hartford Connecticut
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Westgate Apartments, a 186-unit multifamily property in West Hartford, Connecticut. “West Hartford’s combination of small-town atmosphere and urban intensity makes it...
Tower 16 Capital Partners announces the sale of Hillside Village Apartments for $16.5 million
Tower 16 Capital Partners has sold Hillside Village Apartments, an 80-unit multifamily project in San Bernardino, for $16.5 million. The property was purchsed in January 2019 for $11 million in an off-market transaction. Tower...
Landmark Properties announces Sam Bendix as Managing Director of Equity Capital Markets and Investor...
Landmark Properties, the nation’s top developer of student housing, announced the hiring of real estate veteran Sam Bendix as the company’s Managing Director of Equity Capital Markets and Investor Relations. In his new role, Bendix...
TruAmerica Multifamily grows Southeast United States portfolio by 782 units with acquisitions in Tampa,...
TruAmerica Multifamily, in separate transactions, has acquired two large garden-style apartment communities in Tampa, Fla. and Atlanta, GA growing its Southeast U.S. portfolio to approximately 10,000 apartment homes with assets located in Florida, Georgia, Tennessee and North Carolina. After...
The Multifamily Group brokers 144-units in White Settlement, Texas
The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week it had facilitated Sky Landing Apartments’ sale in White Settlement, Texas. Managing Partner Jon Krebbs represented the seller and procured...
