Finance & Investment
Lexerd Lands $39M FL Apartments
Springs at Braden River is a 270-unit garden-style community in Bradenton, Fla. The company acquired it from Continental Properties.
Investors Look to Chicago as a Safe Haven
An expert from Marcus & Millichap reveals why small-balance multifamily owners should look to the Windy City, including the area’s cap rates, price per unit and gross rent multipliers.
Cushman & Wakefield Shepherds 182-Unit GA Sale
JEM Holdings acquired the $15 million Woodhill community in Augusta from Intermark Management and King Management. C&W’s Southeast Multifamily Advisory Group, arranged the transaction.
Greysteel Brokers Sale of DC Regenesis Portfolio
The five affordable properties include 482 units. President & CEO Ari Firoozabadi, Managing Director Kyle Tangney and Senior Investment Associate Alicia Orkisz arranged the transaction.
JV Scores 2 AZ Properties
Modern Residential and Henley USA have acquired the 265-unit Sonoma Villas in Mesa and the 216-unit Sonoma Pines in Peoria.
Related Lands $52M for FL Community
JP Morgan arranged the construction loan for Town Southern, located in Royal Palm Beach. The 392-unit community is scheduled for completion in 2018.
ARA Newmark Arranges Sale of 7East in Austin
The 186-unit community is located in one of the country’s top tech hubs and was 94 percent occupied at the time of the transaction. The property was acquired by GF Properties Group.
Emma Capital Expands Footprint in Charlotte
The company acquired the 240-unit Grand Terraces Apartments and the 310-unit Stanford Reserve for $53 million. It plans upgrades on both properties.
Cush & Wake Brokers Sale of 294-Unit KY Community
Mike Kemether and Craig Collins of Cushman & Wakefield represented the seller, Stratford Asset Management Co., in the $25.5 million transaction. RealSource Properties acquired the property, Breckinridge Square.
Investing in Brooklyn
Ideal Properties Group’s co-founder Aleksandra Scepanovic talks about the borough’s trends and how investors can identify the emerging opportunities.