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KETTLER Acquires The Aster Apartment Community in Raleigh-Durham’s Research Triangle Park Market
CARY, NC – KETTLER and Pacific Life closed on acquiring The Aster located in Cary, North Carolina. The Aster is currently in lease-up with a mix of residential units, including 49 townhomes, 238 manor style apartments, and 206 garden style apartments. The Aster is located approximately 7 minutes from Research Triangle Park (RTP) and approximately 15 minutes from…
Waterton Acquires 950-Unit Three-Property Multifamily Portfolio in Austin, Texas Market
AUSTIN, TX – Waterton, a national real estate investor and operator, announced it has acquired a three-property residential portfolio totaling 950 units in Austin, TX, home to a thriving tech corridor as well as world-renowned retail and entertainment districts. The acquisition marks a reentry into the Austin real estate market for Waterton, having sold its last local asset…
Henley Investments Adds to Las Vegas Portfolio with Acquisition of 312-Unit Apartment Community
LAS VEGAS, NV – Henley Investments, a leading private equity real estate firm based in the UK and the USA, together with collaborators Tower 16 Capital Partners, have announced the acquisition of the Five89 apartment community in eastern Las Vegas. With 312 units, as well as a full complement of recreation and convenience amenities, the property will be…
365 Connect Receives Gold dotCOMM Award for Its Multifamily Industry-First ADA-Certified Platform
NEW ORLEANS, LA – 365 Connect, a leading provider of award-winning marketing, leasing, and resident technology platforms for the multifamily housing industry, announced today that the company has received a Gold dotCOMM Award for its industry-first, ADA-certified marketing, leasing, and resident services platform. This prestigious, international award recognizes 365 Connect’s dedication in meeting the rapidly…
Carroll Organization Launches Sixth Multifamily Venture Investment Vehicle Fund at $150 Million
ATLANTA, GA – Carroll Organization, one of the country’s leading privately-held real estate companies focused on multifamily investment, management, and development announced the first closing for its sixth investment vehicle, Carroll Multifamily Venture VI, L.P. with an expected total size of $150 million. This sixth vehicle will be its largest ever, surpassing its $60 million in the…
Providence Real Estate Acquires a 232-Unit Sundance Creek Apartments in Metropolitan Atlanta
ATLANTA, GA – Providence Real Estate, a multifamily owner-operator, announced the completion of the acquisition of the Sundance Creek apartments in McDonough, Georgia, located within the Atlanta metropolitan area. The Property was acquired in a joint venture with a global insurance and investment company that has been in operation for over a century. Sundance Creek…
Passco Companies Acquires Premier Multifamily Community in Augusta, Georgia for $58 Million
AUGUSTA, GA – Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has acquired Grand Oaks at Crane Creek, a 300-unit, fully stabilized Class A apartment community in Augusta, Georgia. Passco acquired the asset directly from the property’s developer, Southeastern Development…
Denver Realty Group Acquires 138-Unit Savannah Pointe Apartments in Oklahoma City for $5.1 Million
OKLAHOMA CITY, OK – Denver Realty Group, through its DRGinvest platform, closed on the acquisition of Savannah Pointe Apartments in Oklahoma City for approximately $5.1 million. This marks the fifth apartment complex acquisition by DRGinvest and its affiliates in Oklahoma City since December 2018. Built in 1976, with full updates in 1999 and additional interior…
JLL Income Property Trust Acquires 273-Unit Apartment Community in Suburban Phoenix Market
PHOENIX, AZ – JLL Income Property Trust, an institutionally managed daily NAV REIT announced the acquisition of Summit at San Marcos, a newly-developed 273-unit award-winning urban garden-style Class A apartment community in the prominent Phoenix suburb of Chandler, Arizona. The purchase price was $72 million. “The city of Chandler, and more broadly Phoenix’s strong market fundamentals, favorable business environment and attractive demographics coupled…
Welltower Expands Sunrise Senior Living Relationship with Purchase of Five Premier Urban Properties
TOLEDO, OH – Welltower announced that is has acquired five purpose-built, private pay seniors housing properties recently developed and managed by Sunrise Senior Living. Welltower previously funded 34% of the development cost for the communities through its joint venture and ownership of Sunrise Senior Living. The five communities were opened in 2017 and 2018, and upon…