Business Specialties
Thrive Senior Living Expands GA Footprint
The Atlanta-based company has acquired Savannah Commons, a 212-unit senior living community, their largest one yet. The property will undergo updates and renovations in the following year.
The Habitat Co. Takes Charge of Chicago Affordable Housing Portfolio
The firm now manages an additional 18 affordable communities owned by the Chicago Housing Authority. The properties are located across the Windy City’s West and South sides.
Redwood Capital Buys New Charlotte Community
The real estate investment manager bought the 245-unit asset from developer Proffitt Dixon Partners. The property is located in the city’s Ballantyne neighborhood.
Phoenix Apartments Command $69M
CBRE Capital Markets provided Lurin Capital with a $43 million acquisition loan for the purchase of the 283-unit luxury community.
Affordable Housing: Is Austin Becoming the Next Palo Alto?
Affordable Central Texas’ David Steinwedell and Carleton Residential Properties’ Printice Gary share their views on Austin’s looming affordability crisis in the workforce housing sector.
Pizzuti Renovates, Expands Columbus Community
The first phase in the company’s redevelopment effort at the former Grant Oak Apartments is underway. Phase two is slated to begin this fall.
JV Buys Student Housing Near Clemson University
The Preiss Co. and a fund advised by Crow Holdings Capital have acquired a 598-bed student housing community in Clemson, S.C.
Historic Downtown Houston Building Changes Hands
Randall Davis Co. converted the 79-unit Hogg Palace Lofts into a residential property in 1995. The building once served as a showroom and office for automobile retailer Armor Auto Co.
West Shore Invests $44M in SC Property
The company has acquired Riverwalk Apartments, a 307-unit Class A community in Rock Hill, S.C., around 22 miles from downtown Charlotte.
Virginia Development Lands Construction Loan
Scheduled for completion in 2021, the community in Reston will be located close to more than 31 million square feet of office and retail space. Sorrento will include 37 workforce housing units.