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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…
The Preiss Company Acquires 598-Bed Student Housing Community Near Clemson University
CLEMSON, SC – Officials at The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, and a private real estate fund advised by Crow Holdings Capital, announced the acquisition of the 598-bed student housing complex, Aspen Heights, for an undisclosed amount. Serving Clemson University, the property has been rebranded The Collective at…
Balfour Beatty Closes on Third Phase of Student Housing Project for The University of Texas at Dallas
DALLAS, TX – Balfour Beatty Campus Solutions, a leading developer and operator of infrastructure projects for the college and university market, has reached financial close on the third phase of Northside, a mixed-use student housing community for The University of Texas at Dallas. The $38M expansion of the development with partners Dallas-based developer Wynne/Jackson and equity partner Star America will add an…
Madison Marquette Acquires Portfolio of Six Senior Living Communities in JV with GFH Financial Group
WASHINGTON, DC – Madison Marquette, a national private fully-integrated real estate services provider and investment manager, in a joint venture with GFH Financial Group B.S.C. (GFH), a Bahrain-based asset management, wealth management, and commercial real estate development group, announced the acquisition of a portfolio consisting of six private-pay senior living communities in California, Washington and Michigan. The Communities comprise 509 units/589…
Multifamily Housing Construction Starts Register Strongest Gains for The Year According to Report
NEW YORK, NY – New construction starts in June advanced 9% from the previous month to a seasonally adjusted annual rate of $832.7 billion, according to Dodge Data & Analytics. The increase followed the 10% gain reported for May, as total construction starts continued to strengthen following April’s subdued performance. By major sector, much of the…
Hamilton Zanze Acquires The Reserve at Ballenger Creek Apartments in Fredrick, Maryland
WASHINGTON, DC – San Francisco-based real estate investment firm Hamilton Zanze (HZ) has acquired The Reserve at Ballenger Creek Apartments in Frederick, MD (Washington metropolitan area). The purchase closed on July 10th, and property management responsibilities have been transferred to Mission Rock Residential. The community, built in 2000, is located near Interstates 70 and 270, providing direct access into Washington D.C. and its surrounding markets. The community…
Wood Partners Breaks Ground on 225-Unit Alta Spring Creek Apartment Community in Garland, Texas
GARLAND, TX -Wood Partners, a national leader in multi-family real estate development and acquisition, announced the groundbreaking of its newest luxury residential community, Alta Spring Creek in Garland, Texas. Located at 6310 Naaman Forest Blvd., the new community will be located a short drive from some of the highest-growth economic hubs in the entire Dallas-Ft. Worth region. Alta…