News
StoneRiver Co. Acquires 625-Unit AL Portfolio
The company purchased Huntleigh Woods, Southern Oaks and Ashford Place, all located in Mobile. Each of the communities has its original interiors and offers a value-add opportunity for the new owner’s Fund I.
Greystone Provides $71M for San Jose Community
The company facilitated a Fannie Mae DUS loan for 251 Brandon St., which includes a 10-year fixed rate, eight years of interest only and a 30-year amortization period.
Raleigh Walks With Confidence
The area’s healthy multifamily market is underpinned by strong population and job growth, a solid development pipeline and an attractive business climate.
Lion Real Estate Roars Into Nashville
The company acquired the 1973-built Highland Cove, a 206-unit property that traded for $16.6 million in an off-market transaction.
MBK Senior Living Acquires $382M Portfolio
The properties, which recently underwent $25 million in capital improvements, include nine senior housing communities across California, Washington and Arizona, totaling 1,200 units.
Summit Equity Investments Buys IN Senior Housing
Whitmore Investments and Paragus Cos. traded the 66-unit property located in Brownsburg. Tikijian Associates represented the joint venture in the transaction.
Trez Forman Funds $42M Charlotte Property
Caldwell Station NC is developing a 20-building community that will feature 371 parking spaces, a saltwater pool and a dog park.
Opus Group Delivers Denver Luxury Community
The Centennial property includes 306 units and wraps around a central parking garage, which allows residents to park on the same floor as their apartment.
New Supply Softens Rent Growth in Charlotte
Despite decelerating rents, investors remain focused on the metro’s multifamily market, which is set to expand by 5,800 new units this year.
Creating Legacy Landmarks: Renderings vs. Reality
Location, timing and the team—these are the key ingredients that JDS Development Group considers when deciding to take on a new project. Founder & Managing Partner Michael Stern discusses the company’s main projects and strategy.