RRA Sells Philly-Area Apartment Community

The 82-unit Foxcroft Terrace Apartments traded for $5.4 million. The new owner will rebrand the residential property as Forest Creek Apartments.

Greysteel Tapped Exclusive Advisor, Sale Agent for D.C. Community

The company’s Managing Director Kyle Tangney and Investment Associate Herbert Schwat will be responsible for marketing the 24-unit residential asset. According to public records, the property last traded for almost $1.4 million back in 2012.

Monument Capital Management Nabs Tucson Community

The newly acquired asset will add 272 units to the company’s portfolio. The new owner is planning to implement value-add improvements.

Cortland Partners Continues Unique Business Model

The company is creating new positions that are not typically found in the multifamily industry, demonstrating the firm’s unique approach to ownership and management of multifamily real estate.

$72M DC-Area Senior Housing Community Underway

The 210-unit facility will include assisted living, special needs and memory care units. The new development project will be completed by January 2018 and will create 48 full-time staff positions.

Olympus Grows Southeast Footprint with GA Purchase

The asset is located in the highly sought-after Savannah Quarters submarket, offering access to retail, shopping and dining, as well as proximity to employers to employers such as Gulfstream Aerospace Corp..

Cousins Continues $300M Disposition Plan with Atlanta Sale

The company teamed up with Gables Residential to acquire Emory Point I and II, which they now sold for $199 million. The 750-unit community also includes 125,000 square feet of first-floor retail space.

29th Street Capital Buys Vegas Apartments

The company, which has purchased 15 multifamily properties over the past 12 months, also revealed plans to implement a $1.9 million capital improvement program to refurbish unit interiors, enhance the asset’s exterior and upgrade the amenity package.

Portland on the Park Welcomes First Residents in Phoenix

Habitat Metro and Sunbelt Holdings developed the project, which is already 72 percent sold. The property is the second and final phase of the Portland Place mixed-use development.

Audubon Communities Brings Market-Rate Apartments in Athens, GA

The company’s $11 million expansion of its exiting property, Westpark Club, will add 108 units and is set for completion during the following year. The development marks the first market-rate apartment community in the Athens area since 2007.