Prominence
Master-Planned Community Coming to Texas Hill Country
281 Round Mountain LLC, headed by the father and son team of Grant and Travis Dean, are the developers of Trinity Oaks Preserve.
Cortland Acquires UK Multifamily Firm
The purchase comes on the heels of the Atlanta-based investment firm’s $1.2 billion acquisition of Canadian REIT Pure Multi-Family last month.
Georgia Portfolio Changes Hands for $203M
Carter Multifamily and RSE Capital Partners have acquired the 11 properties totaling 1,966 units. The Class B and Class C communities are located in the Savannah area, Augusta, Canton and Macon.
Welltower Goes Big in Senior Housing Deals
The healthcare real estate firm just secured two new partnerships, announced several new acquisitions in excess of $800 million and a recapitalization of a senior housing portfolio.
Landmark Properties to Invest $1B in Student Housing Developments
The company announced plans to build seven new communities totaling more than 4,450 beds across the country. Four of the properties have already broken ground.
Top 5 Markets for Multifamily Deliveries
A breakdown of the country’s best-performing markets over the first two quarters, ranked by completions as a percentage of total rental inventory.
BH3 Buys $195M Loan on Distressed NYC Skyscraper
The real estate investment firm has taken over the defaulted mortgage on 125 Greenwich St., an 88-story luxury condo tower in Manhattan’s Financial District that topped out earlier this year.
Tennessee’s Tallest Rental Tower Tops Out
The 34-story mixed-use community is being developed by Brookfield Properties, with Swedish construction giant Skanska as general contractor, in the heart of downtown Nashville.
New Jersey Workforce Housing Portfolio Sells for $146M
An international investor scooped up the seven communities totaling 1,035 units from Murnick Property Group, which has operated and maintained the buildings for the past half-century.
L+M, Invesco Partner for $1.2B NYC Housing Deal
The duo agreed to buy more than 2,800 market-rate apartments in Manhattan from Urban American and Brookfield Asset Management and will restore the affordability of more than 1,800 units.