Allied Orion Taps New CEO
Ricardo Rivas, who previously acted as the firm’s chief investment officer, joined the company nearly 17 years ago and has facilitated the acquisition and development of more than 3,600 units.
Capstone Expands TX Management Portfolio
The firm will manage two recently traded Class C communities in Houston and Waco, totaling 315 units across 27 buildings.
Covenant Capital Flips 2 SC Assets
The transaction netted the seller nearly $45 million after the renovation and expansion of the communities in Greenville’s East and Overbrook submarkets.
Central FL Affordable Community Opens Doors
The fully leased, 104-unit development contains a mix of one- to three-bedroom apartments, and future plans are in the works to construct 92 more units next year.
Miami-Area Community Chooses New Management
The 226-unit garden-style community, situated between Miami and Fort Lauderdale, includes one- and two-bedroom apartments across more than 50 buildings.
San Diego Community Opens, Lands New Management
The 97-unit multifamily property in the city’s southern suburbs, 15 miles from downtown, contains a mix of one- and two-bedroom apartments.
JV Grabs Denver Community for $66M
Constructed in 1977, the 418-unit multifamily property in the city’s Arapahoe-Southwest submarket features a mix of studio, one- and two-bedroom apartments.
VA Student Community Selects New Management
Chain Bridge Capital recently purchased the 816-bed, 228-unit property located approximately two miles northeast of James Madison University’s campus.
Northern FL Community Changes Hands
The 48-unit Tallahassee asset is located in the Providence neighborhood, half a mile from the city’s Innovation Park, and last traded more than a decade ago.
CIM Grabs NorCal Development Site
The firm, in a joint venture with Strada, plans to build a 16-story community containing nearly 300 units in Oakland’s central business district.