Cities
Lynd Appoints New Leaders
The multifamily property management company has named David Lynd as president & CEO, Ken Miller as COO and Matt Merritt as CFO.
FLF Holdings Buys FL Asset for $111M
The firm has received $76 million in financing for the acquisition of a 900-unit property in Bradenton. The 10-year, fixed-rate loan was secured through Freddie Mac’s CME program.
PCCP Provides $24M for NV Community
The Calida Group plans to renovate Hampton Garden in Summerlin-Spring Valley, a Las Vegas submarket. The 18-year-old property includes 180 units in 16 buildings.
Marcus & Millichap Brokers Sale of MN Asset
Led by Michael Glass, regional manager of the firm’s Minneapolis office, Evan Miller, Mox Gunderson, Dan Linnell and Josh Talberg of GLT Partners completed the $2.8 million transaction.
JV Nabs 300-Unit Orlando Property
Robbins Property Associates and LEM acquired Art Avenue, which spreads across 11 buildings and features a business center, a swimming pool and 350 parking spaces.
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.
Kidder Mathews Arranges Sale of OC Community
Waterford Residential bought the property located in Newport Beach, Calif., from a private investor.
On the Market: 5 Interesting Listings for the Week of 3/12
This week’s listings include a newly constructed asset in Culver City, Calif., which includes ground-floor retail, as well as a community in southern Dallas near the booming I-45 industrial sector.
Community Preservation Partners Buys Richmond Affordable Community
The company plans to rebrand the 216-unit Midlothian Village Apartments as The Belt Atlantic and invest $9.7 million into the property’s renovation.
Crown Acquisitions Secures $50M CA Student Housing
College Square, a 486-bed community a mile from the UC Davis campus, includes furnished sundecks, a fitness center and laundry facilities.