Business Specialties
MACC JV Grabs TN Portfolio
Hyde Capital Group traded the two communities, totaling 456 units, for more than $32 million. The new owner plans to renovate both assets.
Greystone Provides $77M for IN Asset
The company facilitated the loan for Bayshore Properties’ 1,337-unit Park West Apartments in Griffith. The 12-year, fixed-rate Fannie Mae loan includes six years of interest only.
Olympus Property Acquires 350-Unit TX Community
The firm acquired Vista at Grand Crossing in Katy and has renamed it Olympus Grand Crossing. The move comes soon after it sold Kenwood Club at the Park in the same city.
Work Begins on 318-Unit Luxury Community in NC
Dominion Realty Partners broke ground on The Residences at Shiloh Crossing in Morrisville. Capital Bank provided construction financing for the project.
Security Properties Expands WA Portfolio
The company acquired Insignia, a 162-unit apartment community in Bremerton, which brings its total in the Puget Sound area to 4,000 units.
Houston-Area Value-Add Changes Hands for $15M
Wimbledon Apartment Homes represents Canadian Western Wealth Capital’s first acquisition in Houston and the forth in Texas. The property encompasses 161 units.
Campus Apartments’ Student Housing Investment Strategy
President & Chief Investment Officer Dan Bernstein describes the appeal of this sector and the key to successful planning.
Peak Campus to Manage AL Student Housing
The Bluff at Waterworks Landing near the University of Alabama has 308 beds in 162 units, increasing the student housing firm’s management presence in the market to about 1,200 beds.
Bell Partners Nabs Contract for $1B West Coast Portfolio
The 17 urban and suburban properties are owned by JB Matteson and are located throughout California and Washington.
Boston-Area Community Trades for $44M
PP Hudson Investors has acquired the 176-unit Matrix Hudson in Hudson, Mass. The seller was a joint venture between Heritage Properties and Moss Development.