News
Upscale Tampa Community Scores $48M Loan
The recently completed 381-unit Peridot Palms is located in St. Petersburg and previously benefited from a $42.7 million loan originated by Branch Banking and Trust Co.
HZ Bags CO Property for $60M
Oxford Station Apartments in Englewood, Colo., is a 238-unit transit-oriented development. At the time of acquisition, the community was 96 percent occupied.
FPA Multifamily Acquires Atlanta Community for $30M
Barclay at Dunwoody is a 204-unit apartment community in Dunwoody, Ga. Built in 1990, the community is near Perimeter Mall, which features 6 million square feet of retail.
MORGAN Enters Phoenix Market with Luxury Asset
The 474-unit Pearl Biltmore will feature studios and one-, two- and three-bedroom floorplans, as well as several loft-style units. Construction is set to begin in 2018, with completion scheduled for 2019.
Century West Partners Completes NEXT on Sixth in LA
Century West Partners is a joint venture of Fifield Cos. and Cypress Equity. NEXT on Sixth marks the second recently completed development of the joint venture in Koreatown.
Royal Capital Group Breaks Ground on Affordable WI Community
The $20.3 million development will feature 94 units. UnitedHealthcare is the largest private investor, providing $5.4 million in equity funding.
CBC Brokers Sale of 3 Historic SLC Communities
Multifamily investors continue to show interest and confidence in the area’s apartment market. Strong demand resulted in multiple offers for all three assets.
Meridian Sells Brooklyn Community for $18M
The firm sold the 60-unit, post-war building to S. Antonio Realty. The average unit size is 1,050 square feet.
LMC Opens 344-Unit Music City Community
The Morris is a luxury mixed-use project that includes 6,373 square feet of street-level retail and restaurant space. The property was built on the site of a country music icon’s former office.
The Advantages of Hands-On Property Management
Justin Marshall, COO of Fogelman Properties, spoke to MHN about the company’s Atlanta portfolio, as well as what’s in store for 2018.