Business Specialties
29th Street Capital Buys 12th Bay Area Community
The acquisition of the 79-unit community in San Leandro, Calif., brings the company’s multifamily portfolio to more than 7,600 units. As part of its value-add investment strategy, the company plans to invest $2.3 million in capital improvements.
Burke Decor’s Wall Patterns Pack a Punch
The commercial wallcoverings are more durable and easier to clean than traditional wallpaper, and the company offers faux finishes replicating the look of wood, marble, tiles and more.
New Owners Secure $25M Refi for Little Rock Apartments
Transcontinental Realty Investors’ and Abode Properties’ property consists of 260 units and is fully leased at market rates. The community was acquired in 2016.
Illinois Senior Living Communities Change Hands
Senior Living Investment Brokerage Inc. sold Keystone Gardens and Keystone Meadows for $12 million. The two properties have nearly 100,000 square feet combined.
Campus Advantage Sells University of South Florida Asset
The company acquired On50 in 2014 and executed a value-add investment strategy. It addressed the property’s deferred maintenance issues, and partnered in an integrated marketing approach delivered by industry specialist Catalyst.
HFF Secures $23M for Walnut Creek Condos
The 48-unit community will be developed by a joint venture led by The Address Co. The property is slated for completion in the summer of 2018.
Capstone Expands Texas Property Management Portfolio
The firm added five communities across the state, bringing its portfolio to roughly 35,000 units. Property locations include Brownsville, Clear Lake, Pearland, Pharr and San Marcos.
Clemson University Gets New Housing
Stonemont Financial Group began construction on the 45-bed mixed-use community in fall 2016, which will be opening in August 2017. The company hired Advantage Property Management to manage the community.
TH Real Estate Scores 2017 EPA ENERGY STAR® Partner of the Year Award
The award marks TH Real Estate’s tenth consecutive year as a Partner of the Year, and its eighth consecutive year at the Sustained Excellence level.
Dominium Expands GA Portfolio
The company landed the former Laurel Ridge Apartments, renamed Leyland Pointe Apartments, a 276-unit affordable housing community in East Point.