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JV Acquires Houston Rental Property
Excelsa Properties and GoldCor Capital Partners purchased the 392-unit community, Bayou Parc at Oak Forest, as part of a $86 million value-add strategy.
Rastegar Property Acquires 2 Austin Communities
The company purchased Zilker Place Apartments and Redbud Bungalows, both of which are set to undergo capital improvements.
Pacific Oak Capital Funds $33M Portland-Area Project
The investment manager is backing a 172-unit community with 10,000 square feet of retail space in the city of Wood Village, Ore. Completion is expected in summer 2021.
West Shore Acquires 230-Unit Kentucky Asset
The 14-building community, located in Lexington, Ky., is the company’s third major acquisition in the Bluegrass State.
Hamilton Zanze Buys DC-Area Community
The real estate investment firm has acquired The Reserve at Ballenger Creek Apartments, a 204-unit asset in Frederick, Md. Mission Rock Residential has taken over property management.
Greysteel Arranges West Texas Transaction
Jack Stone, Doug Banerjee and Andrew Hanson from the company’s Dallas office represented the seller and procured the buyer for a 232-unit community in El Paso.
Tampa Bay-Area Community Sells for $13M
Milbrook Properties has sold the 111-unit multifamily property located 3 miles east of downtown Largo, Fla. Franklin Street brokered the transaction and secured the acquisition financing.
Fore Property Opens 5th Portland Community
The five-story building is located in Portland’s historic Mississippi neighborhood, close to major employers including Adidas, Nike, Intel and Oregon Health & Sciences University.
Roxborough Group, SB Real Estate Expand in West Phoenix
The rebranded community is situated near the upcoming $1.7 billion extension of Loop 202. The new owners plan to fully renovate the property.
Greystar Breaks Ground on First-Ever Portland Project
The multifamily giant is building its first ground-up development, a 182-unit rental community in the Goose Hollow neighborhood of the city.