Cities
Avanath Acquires Affordable Asset in Denver
Represented by ARA Newmark, the company purchased the affordable community for $13.6 million and plans to implement light capital improvements and improve operational efficiencies to drive value.
Windermere Real Estate Hires COO
Brooks Burton previously served as executive vice president & COO of HER Realtors and Trident Holdings. He will work at the company’s Seattle office.
Steady Growth Cultivates Building Boom in Columbus
The multifamily market is expanding in the area, which has been an economic standout in Ohio and the Midwest. The metro’s tight labor market is lifting average wages, attracting more residents and bolstering demand for apartments.
TH Real Estate Acquires 2 for $93M
The Minneapolis communities, near the University of Minnesota, include the 101-unit The Knoll and the 210-unit The Bridges.
Miami Apartment Tower Nearing Full Occupancy
Situated across from the Grove Marina Bay in Coconut Grove, the seven-story building features a wide array of upgraded community amenities.
Boca Raton Development Site Commands $17M
One of the last developable waterfront parcels in east Boca Raton was approved for a low-rise, luxury residential condominium project.
Joint Venture Acquires LA Communities
Strategic Housing Partners and Rockpoint Group have acquired two portfolios and an additional community, totaling more than 1,200 units.
Medistar Brings Transitional Care Facility to North Houston
Pi Architects are currently designing the 104-bed asset, which will provide various services, including skilled nursing focused on short-term rehabilitation care, assisted living and memory care.
Venterra Realty Sheds $36M on NC Community
The company acquired Chatham Pointe, a 255-unit community built between 2011 and 2015 in Cary, N.C. The asset includes a retail component as well.
Fort Worth Community Changes Hands
Madera Residential sold Valencia, a 263-unit community, to a Dallas-based investment firm. Marcus & Millichap represented the seller and secured the buyer.