Regions
$300M Nevada Apartments Change Hands
A new $300 million joint venture between The Bascom Group and funds managed by Oaktree Capital Management has acquired Villa Serena, a 288-unit apartment property in Henderson, Nev.
Greystar Promotes Kevin Sheehan to Senior Managing Director of the Northeast Division
Greystar announced the promotion of Kevin Sheehan to senior managing director.
Podcast: Oil and Apartments
Will oil prices continue to drop? What does cheap oil mean for jobs and apartments in the the energy markets? MHN’s Mike Ratliff and Jack Kern aim to find out in this special edition research podcast.
Insula Companies Acquires Four Florida Apartment Communities
Insula Companies, a Sarasota, Fla.-based firm focusing on apartment community acquisition and revitalization on behalf of investors, acquired four apartment communities in two separate transactions to start off 2015.
Advenir Buys Dallas Apartment Community
Multifamily investor Advenir has acquired the 332-unit Frankford Springs, which is located in north Dallas at 3702 Frankford Rd., in an off-market transaction for an unspecified price.
TODAY’S DEALS: Vornado Refinances Massive D.C. Asset
Vornado completes a $308 million refinance; Lowe Enterprises and First Capital Advisors acquire Silk Factory Lofts; and Greysteel arranges a 120-unit sale in Texas.
Crescent Communities Introducing Luxury Apartment Living to Tampa’s Westshore Business District
Ground has broken for a new 374-unit luxury apartment community on 5.3 acres in Tampa’s Westshore area.
Largest SoCal Multifamily Acquisition Since 2013 Complete
Boston-based Intercontinental Real Estate Corporation and San Diego-based MG Properties Group have announced their acquisition of a 768-unit apartment community in Anaheim, the Madison Park Apartments.
Economy Watch: Middling Employment Numbers Might Keep Interest Rates Low Longer
The March employment numbers surprised on the downside, but oddly enough that could be a positive for the commercial real estate industry for a while.
TODAY’S DEALS: JRK Finds Value in Rhode Island
CBRE/New England brokers a 243-unit Rhode Island sale; Beachwold grabs a Connecticut community from TGM Associates; and an apartment property in San Mateo, Calif. sells for $386,154 per unit.