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Boardwalk Properties Buys FL Community for $119M
The 394-unit asset will be renamed THE AVENUE, offering amenities such as two swimming pools, a three-level clubhouse and a yoga studio.
BSR REIT Acquires 334-Unit Community in DFW Region
The purchase of Riverhill Apartments in Grand Prairie, Texas, was the REIT’s third since its initial public offering on the Toronto Stock Exchange in May.
MHN’s Top 10 Posts from 2018
Miss out on any MHN articles? Catch up with our most popular posts of the year.
CAPREIT Lands $77M Refi for Midwest Portfolio
The assets include The Kensington at Beverly Hills in Michigan, Valle Vista Armes Apartments in Indiana, Greenway Chase Apartments in Missouri and Pointe West Apartments in Iowa.
Seattle Community Opens its Doors
The 226-unit luxury community, developed by LMC, is fully integrated and offers smart-home technology, as well as also pursuing LEED Gold certification.
Phoenix-Area Portfolio Trades for $67M
TruAmerica Multifamily has expanded its presence in Arizona’s capital with the purchase of a 472-unit portfolio in Tempe.
Wildhorn Capital Enters Austin Market
The locally-based multifamily investment firm completed its first transaction in the city by acquiring the 284-unit Reserve at Walnut Creek community.
On the Market: 5 Interesting Listings for the Week of 12/17
This week’s listings include a Fort Lauderdale-area property situated in an IRS-designated Opportunity Zone, a turn-key luxury investment in Richmond, Va., and more.
JV Breaks Ground on FL Mixed-Use Development
Located in downtown Palm Bay, Aqua Apartments will comprise 320 units scheduled for occupancy in September 2019. Amenities will include a yoga lawn, pet park and resort-style pool.
Waterton Buys San Francisco-Area Community
The seller, Kennedy Wilson, earned nearly $65 million for the 260-unit multifamily asset, more than double the acquisition price in 2006.