Prominence
Morgan Properties Buys DC-Area Community for $62M
HFF brokered the sale of the 308-unit community, which is located inside the Capital Beltway and within a 10-mile drive of downtown D.C.
Gilbane Development to Construct 5 Student Housing Communities for $400M
The new projects, which will include 3,500 beds, will open in Georgia, Arizona, Illinois, Maryland and Oregon within the next couple of years.
Inside Lendlease’s Super $2B Partnership
Lendlease Managing Director Jason Alderman details the company’s venture with First State Super. The newly formed platform made its first two multifamily acquisitions, totaling $400 million, in Chicago and Boston.
Origin Fund Adds Dallas Apartment Asset
The 112-unit residential community in the Highland Park neighborhood was acquired through Origin’s Fund III and is the 13th asset in the fund’s portfolio.
Greystar, Ivanhoé Cambridge Open CA Mixed-Use Community
Avila, located in Old Pasadena, includes 201 units, 30 of which are designated as affordable. The property offers residents access to a dog park and a heated pool and spa.
Leon Capital Breaks Ground in Austin
The 262-unit Society will have a heavy focus on technology, pulling inspiration from the city’s reputation as a tech destination. Amenities will include creative office space and a resort-style pool.
ARA Acquires 329-Unit Atlanta Luxury Community
The LEED Gold-certified Azure on the Park in Midtown overlooking Piedmont Park offers five designer interior collections and upgraded penthouses.
TruAmerica Expands FL Portfolio with $79M Buy
Solis at Winter Park in Orlando comprises 596 units and offers residents access to two swimming pools, a fitness center and a clubhouse.
CBRE GIP, Madison International Purchase Spanish Portfolio
Valued at about $1 billion, the 6,458 rental units are located in Madrid and other major cities. Azora, the seller, will continue to manage the communities.
Brookfield Acquires 2 Bronx Development Sites for $165M
A joint venture between affiliates of The Chetrit Group and Somerset Partners sold the parcels, located at 101 Lincoln Ave. and 2401 Third Ave., in Mott Haven.