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TruAmerica Expands Salt Lake City Footprint with $46M Buy
The 253-unit Country Lake in Silicon Slopes is the company’s fourth community in the metro. The new owner has plans to renovate the 1973-built property.
ClearWorth Capital Acquires 212-Unit Texas Asset
The new owner is planning an extensive renovation plan for the 1983-built community, including amenity improvements and additions.
St. Louis-Area Community Breaks Ground
Located roughly 2 miles from Southern Illinois University Edwardsville’s campus, the 153-unit development is now underway, with an expected completion date in early 2020.
Milwaukee to Receive Tallest Timber Structure
Dubbed Ascent, the 21-story mixed-use development will comprise 410,000 square feet downtown. Construction is scheduled to begin in the fall of 2019.
Berkadia Represents Both Parties in $33M Miami Deal
Senior Director Tal Frydman, Director Yoav Yuhjtman and Associate Director Nicholas Perrone of the company’s South Florida office brokered the sale of the 234-unit Park Plaza Apartments.
Detroit Community Reopens Following $12M Renovation
The Hamilton Midtown, a 105-year-old historic building previously known as Milner Arms, underwent an extended renovation that lasted more than a year.
On the Market: 5 Interesting Listings for the Week of 10/15
This week’s listings include a student housing investment opportunity in Boca Raton, an affordable community in Tampa, and more.
Penzance Targets Metro Washington with $255M Fund
For its first private-equity fund, the investor-developer anticipates parlaying capital into a portfolio valued at $800 million to $1 billion
Orlando Apartments Sold for $48M
Cushman & Wakefield arranged the sale of the 296-unit Canopy Apartment Villas to Taurus Investment Holdings on behalf of Robbins Property Associates and LEM Capital.
NM Development Lands Tax Relief
The Albuquerque City Council approved the metropolitan redevelopment bond to support construction of the 226-unit Broadstone Northpoint Apartments, which broke ground in early 2017.