Cities
Las Vegas Luxury Property Sells for $63M
Green Leaf Capital Partners acquired Volare Apartment Homes, a garden-style, Class A property. As of May 2017, the community was 91 percent occupied.
Abbey Residential Snags Houston-Area Community
Berkadia arranged the sale on behalf of the seller, Mill Creek Residential. The 396-unit Modera Spring Town Center comprises 21 two- and three-story buildings.
Top 10 Apartment Owners in Atlanta
The area’s healthy economy and broad-based job and population growth are fostering demand for rentals and attracting developers and investors. This list highlights the metro’s top private, REIT and institutional owners, based on unit counts, according to Yardi Matrix data.
Sentinel Sells 122-Unit Brooklyn Community
The property, which traded for $33 million, is located in the northern part of the borough’s Kensington neighborhood and includes studios, as well as one- and two-bedroom apartments.
Chicago Investor Buys Dallas Apartments
Waterton acquired South Side Flats, a 288-unit community that offers a mix of studio, one- and two-bedroom apartments. The deal marks the company’s third multifamily acquisition in 2017.
Miami’s Healthy Climate
With substantial job gains and above-average population growth, the city continues to foster positive fundamentals for multifamily. However, rent growth has decelerated to long-term averages, as the overwhelming amount of new supply begins to take its toll.
OakPoint Lands Nashville-Area Luxury Community
Homestead Rental Properties sold The Luxe at Indian Lake Village, a 94-unit property in Hendersonville, Tenn. This marks OakPoint’s fourth recent midstate acquisition.
Construction Kicks Off at Chicago’s Wolf Point East
The 60-story, 698-unit luxury apartment tower represents the second phase of the Wolf Point master plan, a three-phase project built by Hines along the Chicago River.
Suburban Denver Community Trades for $58M
Weidner Apartment Homes sold the 312-unit property to Phoenix Realty Group. HFF secured $46 million in financing for the sale.
KWCC, The Condo Shop Merge to Serve Philly
The strategic alliance with a team of more than 250 agents will enable The Condo Shop to boost the company’s growth and have access to better tools and resources.