TruAmerica acquires multifamily communities in Denver and Orlando in separate transactions totaling $126 million
TruAmerica Multifamily has acquired in separate transactions, Loretto Heights, a 312-unit apartment community in Denver, CO for $72.25 million and Legends at Lake Mary, a 272-unit apartment community in Orlando, FL for $54 million. Following...
Elion Partners and Buchanan Partners break ground on 254-unit luxury apartment building at Glenmont...
Elion Partners, a real estate investment firm, and Buchanan Partners, a real estate development firm, have broken ground on a 254-unit luxury multifamily building adjacent to the Glenmont Metro station in the Maryland suburbs...
The Donaldson Group, Declaration Capital, & Angelo, Gordon acquire 288-unit apartment community in Hyattsville,...
In an off-market transaction, The Donaldson Group of Rockville, MD, New York-based Declaration Capital, and New York-based Angelo, Gordon have acquired Plaza Towers Apartments, a 288-unit high rise apartment community located in Hyattsville, Maryland....
Virginia passes tenant protections
Governor Ralph Northam of Virginia recently signed a number of measures designed to increase tenant protections in the state. Several other bills with the same goal have passed the legislature and are awaiting action...
Pathway to Living begins pre-leasing at Heartis Village of Brookfield in West Suburban Milwaukee
Pathway to Living, a Chicago-based developer, owner and operator of senior living communities, today announced the start of pre-leasing at Heartis Village of Brookfield, a 104-unit assisted living and memory support community in Brookfield,...
MRI Software announces a year of record growth in revenue, business wins and partners,...
MRI Software (“MRI”), a global leader in real estate software solutions, announces major growth in revenue, new business and its partner network during 2018, when it also extended its reach through a series of...
Renovation of multifamily properties helping to meet housing demand
Multifamily owners and managers who expect a high rate of return and an increase in the value of their assets are achieving their financial goals by upgrading the functionality and overall aesthetic appeal of...
Bascom Arizona Ventures acquires Phoenix Class A multifamily property for $89.2 million
Bascom Arizona Ventures, LLC a subsidiary of Irvine, California-based private equity firm The Bascom Group, LLC has acquired the Tempo at McClintock Station Apartments ("Tempo"). Tempo is a mid-rise multifamily property consisting of 423...
Passco Companies acquires 306-unit, Class A+ multifamily asset in rapidly growing Lexington, Kentucky for...
Passco Companies, a privately-held California-based real estate company that specializes in the investment, acquisition, development, and management of commercial properties throughout the U.S., has acquired The Henry at Fritz Farm, a 306-unit, Class A+...
325 Ferry Street luxury rental building to open in Newark’s bustling North Ironbound neighborhood
325 Ferry Street, a brand new collection of 91 luxury rental residences in Newark’s bustling North Ironbound neighborhood, will debut to the public in mid-March, the community’s developer announced today. As the latest example of...
Walters plans to open Cornerstone at Stafford in March 2019
Walters has nearly completed construction of Cornerstone At Stafford which will bring 100 premium age (55+) and income-restricted residences to Manahawkin. Located at 120 Campbell Blvd., the community is part of the large-scale Stafford...
Luxury apartment home community Lullwater at Hixson underway
Fickling & Company and Novare Group have broken ground on Lullwater at Hixson, a 250-unit luxury apartment community conveniently located in the Hixson suburb of Chattanooga, Tenn. “We are thrilled to be underway with Lullwater...
Heather Frahm joins Benchmark as chief marketing officer
Benchmark, a human connection company and leading provider of senior living services in the Northeast, today announced that Heather Frahm has joined the company’s senior leadership team in the newly created role of chief...
NMHC and NAA Statements on the Passage of Oregon Rent Control Legislation
Today, the Oregon State House passed SB 608, a bill that creates a new statewide rent control law. The measure now goes to Governor Kate Brown’s desk. Following is a statement from Doug Bibby, President...
Evergreen Real Estate Group completes renovation of affordable senior housing community in Racine, Wis.
Evergreen Real Estate Group, a leader in the development, rehabilitation and management of both affordable and market-rate multifamily housing, today announced it has completed a $2 million renovation of Durand Plaza, a 72-unit affordable...
