News
Investors Management Group Buys Atlanta-Area Property for $35M
The firm expanded its portfolio with the addition of a 264-unit community in Duluth, located approximately 25 miles from downtown Atlanta.
Zaremba Group Buys NC Community for $45M
The sale of the 191-unit luxury multifamily asset near Raleigh comes less than four months after the property opened its doors.
Boston-Area Affordable Development Lands $23M Loan
The financing includes funds from MassHousing’s $100 million Workforce Housing Initiative. Just-A-Start intends to create 23 new apartments and preserve 65 units for low-income residents in Cambridge.
Thrive Senior Living Expands GA Footprint
The Atlanta-based company has acquired Savannah Commons, a 212-unit senior living community, their largest one yet. The property will undergo updates and renovations in the following year.
The Praedium Group Expands Inland Empire Holdings
The New York City-based real estate investment firm acquired Lasselle Place, a 15-building rental community located in Moreno Valley.
The Habitat Co. Takes Charge of Chicago Affordable Housing Portfolio
The firm now manages an additional 18 affordable communities owned by the Chicago Housing Authority. The properties are located across the Windy City’s West and South sides.
Redwood Capital Buys New Charlotte Community
The real estate investment manager bought the 245-unit asset from developer Proffitt Dixon Partners. The property is located in the city’s Ballantyne neighborhood.
Phoenix Apartments Command $69M
CBRE Capital Markets provided Lurin Capital with a $43 million acquisition loan for the purchase of the 283-unit luxury community.
Affordable Housing: Is Austin Becoming the Next Palo Alto?
Affordable Central Texas’ David Steinwedell and Carleton Residential Properties’ Printice Gary share their views on Austin’s looming affordability crisis in the workforce housing sector.
Pizzuti Renovates, Expands Columbus Community
The first phase in the company’s redevelopment effort at the former Grant Oak Apartments is underway. Phase two is slated to begin this fall.