News
MedEquities Buys IN Skilled Nursing Facilities
Magnolia Health Systems sold the assets for $15 million in cash and will lease them back on a triple-net basis for 15 years.
Monument Real Estate Services Names New VP
Alisha Huntsinger is the company’s new vice president of operations. She will oversee daily operations in support of the execution of the firm’s strategy.
JV Brings 156 Senior Units to Charleston
Alex Brown Realty, Wakefield Capital and Affinity Living Group are developing a 120,000-square-foot community slated for completion in June 2018.
Affordable Portland Asset Changes Hands
BRIDGE Housing acquired The Ramona, a 138-unit apartment building in the Pearl District of Portland, Ore. The fully affordable asset is LEED certified to the Gold level.
BBX Capital Completes 2 Buildings at Orlando Community
Upon final completion, The Addison on Millenia will consist of 10 buildings offering a total of 292 units. The community is part of The Gardens on Millenia mixed-use development.
Equus Sells $100M Communities in Virginia
Chandler Management purchased two residential properties totaling 676 units in Fredericksburg, Va. The seller, Equus, purchased both assets in 2012 for a total of $74.3 million.
The Local Breaks Ground in Tempe
Forum Real Estate Group is developing a mixed-use project that will include a nine-story apartment community with 286 units and a ground-floor Whole Foods Market 365 store.
Campus Advantage Adds 2 in MO
The Lyfe and The Row add a total of 778 beds to the company’s portfolio. Both communities cater to students attending the University of Missouri in Columbia.
The Edge on Euclid Begins Leasing
The 262,000-square-foot luxury student housing community offers one- to four-bedroom units. The community is in close proximity to Cleveland State University Campus.
Landmark Lands Cleveland Lakeshore Community
Quay 55, a former warehouse converted to apartments, is now in the hands of an affiliate of Landmark Cos. Deancurt Realty Group sold the Lake Erie shoreline property after six years of ownership.