Adriana Marinescu is an associate editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2019.
Miami Luxury Community Commands $90M
AvalonBay Communities purchased the 314-unit asset less than a year after another major acquisition on the Florida coast.
Luxury Senior Community Breaks Ground in Raleigh
The $80 million, 205-unit luxury senior living facility is the developer’s third Optimal Living-branded community. The project is slated for completion in late summer 2021.
Cushman & Wakefield Arranges $43M Sale of Southwest Florida Community
Executive Directors Nick Meoli and Mike Donaldson represented the seller, Symcor Capital Properties, in the disposition of a 312-unit community in North Port, Fla.
The NRP Group Expands Florida Footprint
The Cleveland-based company opened its 10th property in the state, a 274-unit market-rate community in Pinellas Park.
Los Angeles Age-Restricted Community Sells for $34M
Positive Investments acquired the 162-unit property, financing the deal with a Freddie Mac loan from Capital One.
Avanath Buys 288-Unit Orlando Community
The property, subject to a Land Use Restrictive Agreement, is the first acquisition for the company’s fourth affordable housing fund.
Tampa-Area Value-Add Community Sells for $18M
The 143-unit multifamily asset traded for almost double the price it sold in 2012. The new owner intends to upgrade and reposition the Class B property.
HTG Opens 1st Phase of Tampa Bay Affordable Development
Twin Lakes Estates is a 100-unit community for seniors age 62 and over. The project is a redevelopment of an outdated public housing property.
Newmark Knight Frank Closes $59M Orlando-Area Sale
Senior Managing Director Scott Ramey and Executive Managing Director Kevin Judd represented Centennial Holding Co. in the disposition of the 304-unit luxury community.
Summit Contracting Completes Tampa Luxury Community
The 300-unit multifamily development, located roughly 7 miles east of downtown Sarasota, is the second Volaris-branded property by Waypoint Residential.