Finance & Investment
On the Market: 5 Interesting Listings for the Week of 3/20
This week’s listings feature a charming triplex near the beach in Santa Monica and a Tampa property located in close proximity to the University of South Florida.
Video: Blackfin on Establishing a New Investment Firm
The company’s co-founders and managing principals Andrew Buchanan and Doug Rout discuss their goals for the future.
RRA Sells 2 Philadelphia Assets for $13M
The two Philadelphia-area assets offer a total of 130 units.
Gateway Procures Suburban St. Louis Apartments
The 78-unit community in St. Clair County is the company’s third local acquisition in three years.
Abro Secures 2 Brooklyn Assets for $47M
Hudson Cos. acquired the property in March 2014 with a value-add strategy of completing capital projects.
Mesa West Enters Nashville with $88M Refi
Magellan Development Group’s The SoBro includes 313 units and ground-floor retail.
Cresta Expands Portfolio with Beverly Hills Buy
The Royal Palm, a 45-unit property, was 100 percent occupied at the time of closing.
Post Brothers Wins $103M to Transform Historic Office
Philadelphia’s The Atlantic will be redeveloped into a luxury community.
Hamilton Point Snaps Up 2 Communities for $32M
With Fund IV now nearly fully invested, the company is already acquiring under Fund V.
Matrix Monthly: February Rent Growth Scores Love-Love
While rent growth remained stagnant during February, Yardi Matrix’s latest monthly report assures that strong fundamentals and the promise of a growing economy bode well for the industry.