Market Rate
Multifamily Developers Advance Plans for Nearly 500 Units
Two new projects took major strides this month. Together, they will bring almost 500 units to the Greater Cincinnati area.
Gaslight Buys 150-Unit M-F Community in Clifton
Gaslight Properties recently acquired an apartment community in Cincinnati’s Clifton neighborhood, near the city’s downtown. The local apartment rental company bought the The Overlook at Clifton from Providence, RI-based PBE Companies LLC.
Crescent’s $700M Multifamily Portfolio Sale Includes Three New Triangle Apartment Communities
Crescent Communities has announced plans to sell a portfolio of nine new apartment communities in North Carolina, Florida and Georgia, for a total of approximately $700 million.
BrookeChase Properties Plans Two Apartment Project for Downtown Matthews
The town of Matthews, NC could soon gain two new apartment communities in the downtown core.
Brookline Investment Group Acquires 236-Unit Multifamily Community in Durham for $23.6M; Investcorp Pays $84M for RTP’s Meridian Business Campus
Brookline Investment Group of Aliso Viejo, California is now the new owner of the newly renovated Yorktown Club apartment community in Durham.
Two Chinese Residential Projects Get $60M Investment from Century Bridge Capital
Century Bridge Capital is investing approximately $60 million in two separate joint ventures dealing with residential projects taking shape in the Chinese cities of Zhongshan and Wuxi.
Equus Capital Acquires Raleigh Multifamily Portfolio for $36M; State Denies Raleigh’s $38M Offer for Dorothea Dix Property
Equus Capital Partners, a private equity firm based in Philadelphia, has recently acquired three multifamily properties in Raleigh from a joint venture of Silver Companies and McCann Realty Partners.
TODAY’S DEALS: The Connor Group Acquires a 194-Unit Asset
Klingbeil Capital sells an Ohio apartment to The Connor Group; Marcus & Millichap brokers a $10.8 million student housing sale in California; and Centerline Capital Group secures $3.8 million in acquisition funding for a multifamily property.
Carroll Organization Acquires 11th Florida Multifamily Property
Carroll Organization continues to expand its southern portfolio. The group recently completed its eleventh acquisition in Florida with the purchase of the 204-unit Island Club at Atlantic Beach.
Oak Grove Capital Posts Record-Breaking Year
Oak Grove Capital provided $1.7 billion of affordable, market rate and seniors housing financing in 2013, a 16 percent increase over 2012 loan production.