News
Colorado Springs Portfolio Trades for $102M
Nexus Commercial Realty closed on the sale of seven apartment buildings that include a total of 1,178 B and C class multifamily units.
MN Affordable Housing Secures $16M
Real Estate Equities’ Eastgate Apartments in Rochester, the site of a former dance club, will include 135 units.
Hunt Mortgage Secures $17M for 3 CA Properties
The communities, all in Bakersfield, include 200-unit Village Lane Apartments, 46-unit River Oaks Apartments and 224-unit Park Villa Apartments.
Passco Buys FL Asset for $78M
The company acquired Springs at Bee Ridge in Sarasota, Fla. from Continental Property, and plans to rebrand the community as Longitude 82°.
3 Reasons to Invest in Class B Assets
Jay Eisner of LEM Capital details the value proposition of upgrading properties to improve the resident experience without inflating rents.
Bascom Group Acquires Denver Community for $93M
The company secured the 275-unit Modera at Observatory Park Apartments from Mill Creek Residential, which will remain the property manager.
MO Condo High-Rise Finishes Construction
The Cypress at the Lake in Central Beach includes 61 luxury units and a private marina, car charging stations and an indoor/outdoor wine bar.
American Landmark, Electra America Expand FL Portfolio
The joint venture acquired the 184-unit High Ridge Landing in Boynton Beach, which features a resort-style pool, a dog wash and a fitness center.
ABI Brokers $5M Sale in Phoenix
The community underwent an exterior renovation in 2015 when it was acquired by the seller. The current owner has the opportunity to increase value by implementing interior upgrades.
Affordable Housing Project for Veterans Breaks Ground in DC
TD Bank has facilitated a $9.5 million construction loan for an adaptive reuse project built on part of a former military building at the Walter Reed Army Base.