Regions
Vitus Group Plans $8M Renovation on Calif. Affordable Community
Vitus Group announced that it has acquired the St. John’s Apartments, a 158-unit affordable housing community in Richmond, Calif. The company plans to spend $8 million on renovations to modernize the community.
Springs of Corpus Christi Slated for Fall 2014 Completion
Construction on the Springs of Corpus Christi, a 284-unit town home style luxury apartment community in Corpus Christi, Texas, has been awarded to McShane Construction Company by developer Continental Properties Company Inc.
TODAY’S DEALS: JV Sells Brooklyn Mixed-Use Asset for $28.8M
Silverstone Property Group and Adam America sell a property is Williamsburg; and Greystone provides $8.5 million in HUD financing for an Illinois property.
VantageScore Credit Scoring Model Adds to Flexibility of Yardi Resident Screening
Yardi announced today that its proven rules-based resident screening solution, Yardi Resident Screening , now includes VantageScore credit scores, an advanced numerical scoring option from Experian for clients who prefer three-digit credit scores to help qualify applicants.
$708M Investment Bring British Land Majority of Paddington Central
European real estate investment trust British Land has announced investing approximately $708 million (£470 million) to buy into Paddington Central, an office-anchored 1.2 million square-foot mixed-use development in London’s West End.
Starwood Hotels & Resorts Expands Turkish Portfolio with Addition of Two New Properties in Bursa
Starwood Hotels & Resorts Worldwide Inc. has recently announced the expansion of their presence in Turkey with the opening of two new properties: Sheraton Bursa Hotel and Aloft Bursa Hotel.
JV Acquires Suburban Portland Apartments
A joint venture of New York-based Real Estate Capital Partners (RECAP) and the locally based Holland Partners has acquired a Vancouver, Wash., apartment community, Arnada Pointe.
Resmark Apartment Living Acquires Site for 208-Unit Community
Resmark Apartment Living, a division of The Resmark Companies, announced that it has completed the acquisition of an approximately 1.2 acre site in Redmond, Wash., its fifth investment in the area in the last 14 months.
TODAY’S DEALS: Vitus Group Buys NorCal Affordable Asset
An affordable asset will get an update thanks to Vitus Group; Resource Real Estate Opportunity REIT acquires a 192-unit community in Winter Park, Fla.; and NorthMarq Capital arranges a $32.963 million Freddie Mac mortgage with interest only.
SARES•REGIS Group Acquires 192-Unit Calif. Community
SARES•REGIS Group, which launched its multifamily fund back in March, acquired its first apartment community, Avalon at Civic Center, a 192-unit community in Norwalk, Calif., which it purchased from Avalon Bay.