News
OH Community Commands $21M
The 344-unit community in Groveport, Ohio, in the Columbus metro area, is spread across 5.7 acres. The seller was Ardent Communities.
Baltimore Asset Trades in 1031 Exchange
An out-of-state investor acquired Preston Place, a 10-unit property in the Mt. Vernon neighborhood, as part of a 1031 Exchange.
Sacramento’s Rent Growth Still Strong, Not Dazzling
The trend is sustained by an ongoing influx of new residents from pricier Bay Area markets and a limited multifamily supply.
MZ Capital Acquires TN Luxury Asset
The Northbrook, Ill.-based firm will upgrade and reposition the 130-unit apartment and townhome community in suburban Knoxville to meet the growing demand for luxury rentals.
Carter Multifamily Buys Tallahassee Community for $42M
Polos on Park will be rebranded as 2626 Park, as part of the firm’s strategy to implement a series of renovations and upgrades to the property.
Urban Investment Partners Re-Acquires DC Asset for $22M
The firm purchased the Policy, a 62-unit apartment community in the city’s historic Kalorama neighborhood. UIP previously owned the building from 2008 to 2014.
Centennial Holding Co. Buys Tampa-Area Community
The company has expanded its portfolio with a 125-unit property located in Plant City, Fla. The community changed hands for $18 million.
Luxury Condo Building Tops Out in Fort Lauderdale
The eight-story community on Florida’s Intracoastal Waterway is scheduled for completion this summer. Sobel Co. is the project developer.
IPA Brokers 1,152-Unit Texas Portfolio Deal
Will Balthrope, Drew Kile, Jordan Featherston and Drew Garza worked on behalf of the seller in the disposition of four communities in San Antonio, New Braunfels and Corpus Christi.
Matrix Multifamily Miami Report – Winter 2019
The metro’s multifamily deliveries reached a cycle peak in 2018, boosted by population and employment gains, while investors mostly targeted Fort Lauderdale assets.