Deals
JEM Holdings, VCP to Form Fortis Property Management
The new company will manage more than 50 communities totaling around 13,000 units in nine states.
Twin Cities Senior Community Trades in $19M Deal
The newly constructed 66-unit property north of downtown Minneapolis caters to residents 55 and over.
Lloyd Jones Buys Orlando Community for $65M
The seller, Bluerock Real Estate, acquired the Class B property for $43.3 million in 2014.
Fillmore Capital Partners Grows Georgia Footprint
The company purchased a 257-unit partially affordable community in Marietta, adding to its state portfolio of more than 2.000 units.
Ascott Residence Trust Enters US Market With $95M Student Housing Purchase
The entity’s acquisition of a 525-bed community in Atlanta is expected to be completed by the end of the first quarter.
Sunroad Enterprises Sells Phoenix Community for $47M
FirstBank provided a $30.7 million loan for the acquisition of the 163-unit property in Peoria.
Investcorp Picks Up $330M Multifamily Portfolio
The 1,854-unit portfolio is spread across five properties in Georgia, Maryland and Florida.
JPI Secures Financing for SoCal Development
The project in Placentia, Calif., will feature 418 luxury apartments and more than 8,200 square feet of retail space.
UMH Properties Expands to South Carolina
The REIT paid $3.4 million for Iris Winds, a manufactured housing community in Sumter.
National Storage Affiliates Buys Three-State Self Storage Portfolio
The 14 properties are located in Texas, Minnesota and Missouri and total 8,517 units.