News
Transwestern Brokers Sale of LA Luxury Asset
The property is located in Culver City, Calif., near Playa Vista’s entertainment and tech hubs. The brokerage company represented the buyer, a private investor, in the off-market transaction.
$21M Student Housing Community Trades in NC
The 64-unit student housing community was 98 percent occupied at the time of the sale. The property is within walking distance of the Wake Forest University campus.
Fort Capital Begins Work on Smart Community in Texas
The Palmer will be located within a mixed-use development called The River District in West Fort Worth and will include 46 units with IOTAS technology.
Investors Obtain $35M for AZ Acquisition
Western Wealth Capital secured the 360-unit Autumn Creek Apartments in Chandler. The property is currently 95 percent occupied.
Leasing Underway at FL Live-Work-Play Community
Allen Morris Co.’s Maitland City Centre includes 244 units and 10 offices, as well as an outdoor yoga area, a wet bar and a rooftop dog run.
Pathfinder Partners, Lanshire Complete CA Townhomes
Bahia Vista II in Chula Vista offers 16 townhomes and a tot lot, a paved trail and private patios. The community is scheduled for completion by August 2018.
Supply Wave Softens Demand in Queens
This year’s multifamily development is expected to reach a cycle peak in the borough, which continues to benefit from Manhattan’s prohibitive prices.
Hamilton Zanze Makes First MD Buy
The company acquired the 404-unit Kingscrest Apartments in Frederick for $64.3 million and plans to invest $4.2 million to renovate it.
2 GA Student Housing Assets Receive $30M Recap Loan
The properties operate as one community, total 366 units and serve students attending the University of Georgia, which is located three miles away.
IPA Sells 350-Unit TX Property
Executive Director Will Balthrope, Senior Director Drew Kile and Jordan Featherston brokered the transaction of the 1998-built multifamily property. Sendera Investment Group is the former owner of the community.