Finance & Investment
GEM Property Management Exits St. Louis in $180M Sale
The nearly 2,000-unit portfolio sale is the largest multifamily transaction in the city’s history, encompassing six communities in southern St. Louis County.
Greystar Buys $84M CA Property
The firm acquired Pacific Court Apartments, a transit-oriented and value-add property in downtown Long Beach. The buyer plans to upgrade the interior as well as the communal area amenities.
S2 Capital Expands Houston Footprint
The nearly 800-unit property, built in 1973, includes a mix of one- to three-bedroom apartments. The new owner plans to upgrade the community’s units and amenities.
Raleigh-Area Property Trades for $43M
The new owner, a joint venture between DRA Advisors and Fogelman Properties, plans to implement both in-unit and amenities upgrades.
Campanelli, Thorndike Sell MA Luxury Asset for $54M
East Main Apartments, located between Providence and Boston, features 188 units. Campanelli Construction completed the Class A community in 2017.
Transwestern Investment Group, S2 Capital Acquire DFW Community
Oak Creek Apartments in Bedford, Texas, includes 464 units and is the largest Class B property in the area.
OBP Partners Acquires 2 Boston Properties
The company secured a 185-unit suburban apartment portfolio from True North Capital Partners for $45.2 million.
Partnership Debuts Affordable Housing Revamp in Vegas
Community Development Partners and BLVD Capital have opened Baltimore Gardens and Cleveland Gardens, two communities totaling 201 units. All apartments are restricted to low-income households.
Kamson Corp. Sells NJ Community for $50M
Gebroe-Hammer Associates arranged the sale of Forrest Hill Terrace Apartments, a 452-unit garden-style community located in Newark.
Hines Sells 244-Unit LEED-Certified Cambridge Community
Rising six stories, the newly built, Class A community is located in the northeastern part of the city, next to the MBTA Alewife station