News
Westmount Realty Capital Sells Metro Dallas Property
MBP Capital Inc. acquired Westmount at the Colonnade, a garden-style community that had recently undergone a $1.4 million renovation.
Suburban Kansas City Community Commands $74M
Carroll Organization sold the 402-unit asset less than three years after acquiring it. The transaction was subject to a $50.9 million Freddie Mac loan.
Weidner Sells Phoenix Community for $37M
Weidner Apartment Homes sold Monterra Apartments Homes for $37.2 million after almost a decade of ownership. The buyer financed the acquisition through a loan.
Denver Luxury Community Breaks Ground
Once completed, the 132-unit community will offer convenient access to downtown Denver. Modera LoHi will feature a mix of studios, one- and two-bedroom units.
New Community Breaks Ground in Kansas City
A partnership of Copaken Brooks, CP Real Estate Capital and Burns & McDonnell has designed and is building Reverb, a 132-unit mixed-use project in the Crossroads Arts District.
Grandbridge Real Estate Arranges Refi for 132-Unit OH Property
Funded through one of Grandbridge’s insurance company correspondents, the $1.8 million loan closed with an interest rate of 5.01 percent.
Preiss Co., Nuveen Real Estate Buy NC Student Housing
The joint venture has acquired Signature 1505, a recently completed student housing community in Raleigh.
TruAmerica Expands in Georgia
The company teamed with Tokyu Land US Corp. to acquire two Atlanta communities in separate transactions totaling $127.35 million.
Industry Executives Launch New Multifamily Platform
Brian Metzler and Graham Carpenter have created PENLER, an investment firm that has committed enough capital to complete more than $800 million in development and acquisitions.
Enterprise Community Partners Launches National Health Housing Initiative
The Maryland-based nonprofit plans to invest $250 million across the U.S. over five years as part of its Health Begins with Home program.