News
Inside Lendlease’s Super $2B Partnership
Lendlease Managing Director Jason Alderman details the company’s venture with First State Super. The newly formed platform made its first two multifamily acquisitions, totaling $400 million, in Chicago and Boston.
Origin Fund Adds Dallas Apartment Asset
The 112-unit residential community in the Highland Park neighborhood was acquired through Origin’s Fund III and is the 13th asset in the fund’s portfolio.
Riverside Community Gets New Management
UBS Realty Investors, the owner of the 2005-built, 256-unit Inland Empire asset, selected Alliance Residential Co. to oversee property operations.
Campus Apartments Completes 4 Student Housing Properties
The firm spent more than $220 million developing off-campus communities in Knoxville, Tenn.; Ann Arbor, Mich.; and Philadelphia.
NJ Development Gets $52M
Cushman & Wakefield facilitated a construction loan for Waypoint Residential, which will redevelop 435 Main St. in Hackensack into 235 Class A units.
Greystar, Ivanhoé Cambridge Open CA Mixed-Use Community
Avila, located in Old Pasadena, includes 201 units, 30 of which are designated as affordable. The property offers residents access to a dog park and a heated pool and spa.
Marcus & Millichap Closes Chicago Multifamily Deal
The value-add affordable property located in the South Austin neighborhood includes ground-floor retail and is close to Interstate 290 and Loretto Hospital.
KC Portfolio Scores Acquisition Loan
The two market-rate communities located west of Kansas City add up to 132 units and last traded roughly 15 years ago.
Income Property Organization Facilitates 308-Unit OH Transaction
The Shaker Square Apartments portfolio encompasses 15 buildings in Shaker Heights. The $18.7 million deal was brokered by IPO’s Paul McHugh.
JV Buys Recently Built Chicago-Area Senior Housing Property
Virtus Real Estate Capital and Pathway to Living are the new owners of The Grandbrier at Prospect Heights, a 101-unit assisted living and memory care facility in Prospect Heights, Ill.