Finance & Investment
2018 NYC Investment Predictions: Douglas Elliman
Team leader Yair Tavivian discusses the up-and-coming New York neighborhoods, as well as the biggest surprises of last year and how he sees them playing out.
JV Buys 240-Unit AZ Community
Continental Realty Advisors and GTIS Partners acquired San Palmas at Mission Park in Chandler. The property includes 30 two-story buildings and a clubhouse, a fitness center and a volleyball court.
HFF Arranges $96M for DC Development
EastBanc’s 176-unit property will feature a courtyard, rooftop pool and cafe. Groundbreaking is slated for early 2019.
Birmingham Asset Changes Hands for $39M
The 468-unit, Class B property contains a mix of one- to three-bedroom apartments situated near Interstate 65, providing convenient access to Birmingham’s downtown area.
Private Investor Adds Louisville Property to Its Portfolio
The company, 29th Street Capital, acquired The Cloisters Apartments, a 39-unit community that was once the chapel and convent for the Ursuline Academy of Immaculate Conception.
WinnCos. Completes Largest DC Community Solar Project
The District’s Department of Energy and Environment awarded the firm a grant from its Solar for All program, which the company used to install a 651 kW rooftop facility at Atlantic Terrace Gardens.
Seattle Senior Housing Lands $115M
Columbia Pacific Advisors has received financing for 620 Terry, a 243-unit development that will include a concierge, a club room and a theater.
Decron Re-Opens Renovated CA Property
The firm invested $10 million to renovate the 440-unit Reserve at Chino Hills, modernizing the kitchens and flooring, as well as building a two-story clubhouse.
Timberland Partners Snags FL Asset
The company plans to invest $3 million in renovations to Huntington at Sundance, a 292-unit community in Mulberry.
Multifamily Acquisitions in Emerging Markets
Continental Realty Advisors’ David Snyder discussed investment opportunities in markets such as Las Vegas, ways to maximize returns and why in-depth research is essential to expertly deploying capital.