Regions
EdR Promotes Matt Fulton and Scott Jones
EdR announced the promotions of two tenured employees: Matt Fulton is promoted from vice president, operations to senior vice president, operations; and Scott Jones is promoted from director of information technology to vice president of information technology.
The Bergen Luxury Apartment Building Sells for $52.2M
New York real estate developer The Naftali Group has closed on the sale of its popular Bohrum Hill rental apartment, The Bergen. The newly constructed, eight-story luxury building sold for $52.2 million and was brokered by Woody Heller of Savills Studley.
TODAY’S DEALS: Waterton Grabs 236-Unit High-Rise in Atlanta
Waterton Associates expands in Atlanta; Roxbury Ventures completes a $3.9 million sale in West Hollywood; and BMC Capital provides a seven-year $1.739 million acquisition loan via a banking relationship.
Non-Profit Partners Acquire Silver Springs Apartments
Housing Partnership Equity Trust and AHC Inc. have partnered to acquire Woodleaf Apartments in Silver Spring, a suburb of Washington, D.C., for $33.5 million.
Greentree Development Group Gives Condo as a Gift
Greentree Development Group and the Semper Fi Fund donated a condominium at Parkside at Wanaque, a community of 88 townhomes and condominiums in Haskell, N.J., to Matthew Todd, an injured veteran of the Iraq war.
Economy Watch: Home Price Increases Sluggish
The post-recession trajectory of U.S. residential prices has one of increases, but data since early 2014 has pointed to a slowing down of those increases.
Waterton Acquires 2460 Peachtree in Atlanta
Waterton Associates has acquired 2460 Peachtree Apartments, a 236-unit high-rise rental tower in Atlanta’s Buckhead neighborhood, for an unspecified sum.
TODAY’S DEALS: Steadfast Enters Colorado with $40M Buy
Steadfast Apartment REIT buys a 252-unit asset; CPR Money provides $7.8 million for a Kansas City acquisition and rehab; and Walker & Dunlop originates a $23 million bridge loan in Austin, Texas.
Berkshire Grabs 325-Unit M-F Asset in Dallas’ Medical District
Berkshire Group wraps up a busy year of buying with the acquisition of Aura Medical District, a 325-unit apartment community in Dallas’ booming Medical District.
NJAA Hires Nichole F. LoPresti as Senior Vice President of Government Affairs and Special Events
The New Jersey Apartment Association has announced that Nichole F. LoPresti of Marlton, N.J., has joined the organization as senior vice-president of government affairs and special events.