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Four Mile Capital Acquires 156-Unit Old Mill Townhomes in Lynchburg, Virginia for $10.75 Million
LYNCHBURG, VA – Four Mile Capital, a privately-held real estate investment firm based in Louisville, CO, has acquired the 156-unit Old Mill Townhomes in Lynchburg, VA in an off-market transaction. Old Mill, built in 1975 and sitting on 15.4 acres, consists of one-, two-, three-, and four-bedroom townhome units and has a competitive amenity package, including a pool…
Mill Creek Announces Grand Opening of Modera Cap Hill Community in Denver’s Capitol Hill Neighborhood
DENVER, CO – Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., announced the grand opening of Modera Cap Hill, a luxury apartment community located in Denver’s historic Capitol Hill neighborhood. Situated just south of Downtown Denver and within blocks of the State Capitol Building, the podium-style community features 197 apartment homes and an…
Bainbridge Announces Start of Preleasing at 360-Unit Resort Style Community in Clearwater, Florida
CLEARWATER, FL – The Bainbridge Companies, the 10th-largest apartment developer and a leading owner and manager of luxury multifamily communities, announced the start of preleasing at Bainbridge Bayside, a resort-like apartment community on the Tampa Bay waterfront in Clearwater. The community, located at 19355 US Highway 19 N, features 360 apartment homes. Bainbridge Bayside delivers sweeping views, designer interiors, a white-sand…
Wood Partners Announces Groundbreaking of 314-Unit Alta Art Tower Luxury Apartments in Portland
PORTLAND, OR -Wood Partners, a national leader in multi-family real estate development and acquisition, announced the land closing and groundbreaking of its newest luxury residential community – Alta Art Tower – in Portland, Oregon. The high-rise tower will total 314 units, featuring studio, one-, two- and three-bedroom floor plans located at 1516 SW Alder Street. The community…
JPI Sells Luxury Apartment Community in One of Arizona’s Fastest-Growing Suburban Cities
IRVING, TX – JPI announced the sale of Jefferson Chandler to Dallas-based Rosewood Property Company. The city of Chandler, part of the Phoenix East Valley, has experienced tremendous job growth over the last several years. Intel, for example, is a top employer in the city with over 11,000 jobs and is investing $7 billion into…
Bainbridge Winter Park Ultra-Luxury Apartment Community Kicks-Off Leasing in Orlando Submarket
WINTER PARK, FL – The Bainbridge Companies, the 10th-largest apartment developer and a leading owner and manager of luxury multifamily communities, announced the start of preleasing at Bainbridge Winter Park, an ultra-luxury apartment community in Winter Park, Fla. Located at 1400 Morgan Stanley Ave. near the intersection of US-17 and Lee Road, the five-story community with a structured parking…
Investors Management Group Announces $35 Million Acquisition of 264-Unit Community in Atlanta Metro
ATLANTA, GA – Investors Management Group announced it has closed on a 264-unit apartment community in Duluth, Georgia, marking its eighth multifamily acquisition in the Atlanta Metro since 2013. The property, currently known as Amber Mill Apartments, was acquired for $35.1M. Completed in 1985 and located on 2906 Old Norcross Road, the garden-style complex features…
GPC Partners Acquires 222-Unit Luxury Apartment Community in Atlanta’s Inman Park Neighborhood
ATLANTA, GA – GPC Partners, a diversified Miami-based real estate partnership, completed the successful $66.25 million acquisition of the 222-unit Ayla on Krog apartment community in Atlanta’s Inman Park neighborhood. Built in 2015 with a mix of one and two-bedroom apartments, Ayla on Krog is located on three acres along Atlanta’s BeltLine at 44 Krog St.…
WhiteHaven Capital Expands Phoenix Portfolio With Acquisition of 164-Unit Ridgepoint Apartments
PHOENIX, AZ – WhiteHaven Capital announced the acquisition of 164-unit Ridgepoint Apartments. This is the third acquisition in the Phoenix metro in the past year for the company, with plans to build a portfolio of approximately 1,000 units in the market by 2020. Phoenix is the fifth largest city in the country, and the MSA is the second fastest growing…
Shorewood Real Estate Group Announces $155 Million Opportunity Zone Project to Develop 315-Units
NEW YORK, NY – Shorewood Real Estate Group, an industry-leading, multi-strategy real estate investment firm, announced a $155 million Opportunity Zone partnership with Bridge Investment Group LLC and Capricorn Investment Group LLC. The partnership, which brings together three leaders in the Opportunity Zone space, will develop a 315-unit rental project in Jamaica, Queens. “We’re excited to align ourselves with such…