Prominence
Canyon-Johnson Urban Fund Invests in L.A. Development
Canyon-Johnson Urban Fund provided preferred equity capital to the partnership developing One Santa Fe, a $160 million mixed-use project located in LA’s Arts District.
ARA Finance Achieves $1 Billion in Multi-Housing Financings
Atlanta—ARA Finance, a joint venture of ARA and CWCapital LLC, a subsidiary of CW Financial Services, has closed over $1 billion in multi-housing loans. Launched in April of 2009, ARA Finance, through CWCapital, has provided multihousing investors with a full range of mortgage finance services, providing a successful combination of convenience, service and competitive terms. The venture marked the beginning of a new era for ARA which has, since its inception in 2003, focused solely on the brokerage of multi-housing properties on behalf of an array of institutional, REIT and private client sellers. ARA Finance, through CWCapital, originally offered Fannie…
Axiometrics Names Keith Walters Chief Operating Officer
Axiometrics Inc., a provider of data and analysis on the multifamily housing sector, recently announced that Keith Walters has been appointed chief operating officer. Walters was an outside director of Axiometrics prior to becoming the company’s COO. Previously, Walters was president and COO of IT managed services provider Sagiss LLC. While at Sagiss, he led the company through a complete change in its business delivery model, gaining recognition for the company in the MSPMentor 100 as one of the top IT-managed service providers in the U.S. Prior to Sagiss, he served as vice president and general manager of Global Program and…
Mission Place Almost Fully Leased
The Dolben Co. has announced the completion of Mission Place, a $53 million development that includes 262 luxury apartments on 6.5 acres.
Crescent Resources Taps Industry Veteran for Top Post
Charlotte, N.C.—Crescent Resources’ board of managers has appointed Todd Mansfield as president and chief executive officer of the company. Mansfield previously served as lead director for the company and brings three decades of experience to the post. During his career, Mansfield has overseen deployment of more than $5 billion in development and real estate investment capital. He was president of Bio-Logical Capital of Denver and will transition to membership on its board of directors. His experience also includes serving as chairman and chief executive officer of Crosland and as executive vice president of Disney Development Co., where he led the…
RentSentinel Launches New Website
Chicago—RentSentinel kicked off 2012 with a new website at www.rentsentinel.com. The redesigned public site was a collaborative effort between the RentSentinel team, The Resident Connection, LLC and 30 Lines LLC. “The website redesign represents our commitment to the growing needs of our customers with a comprehensive suite of apartment marketing solutions,” says President Eric Broughton. “The site is easy to navigate and provides flexibility for future growth. It’s about building a relationship with a new audience and giving our longtime clients what they have come to expect.” RentSentinel partnered with Mark Juleen from the Resident Connection and Mike Whaling from…
Jonathan Price Joins Centerline Capital Group in Mortgage Banking Division
New York—Centerline Capital Group, a provider of real estate financial and asset management services for affordable and conventional multifamily housing, has hired Jonathan Price as assistant vice president in the Mortgage Banking division. Price will be assisting the head of the Alternative Capital Group, Kevin Smith, in analyzing and sourcing debt and equity for a variety of asset classes for Centerline’s clients. Prior to joining Centerline, Price worked in corporate real estate for Kaiser Permanente, where he managed a portfolio of 59 buildings in the Mid-Atlantic region. Previously, he was an acquisitions associate for Guardian Realty Investors,LLC, a private REIT…
Butler and St. John to lead CBRE Multi-Housing Group in New England
Boston—CBRE/New England has announced that Simon Butler and Biria St. John have re-joined its Boston office as executive vice presidents and partners to lead the Multi-Housing Group in New England. They are 18-plus-year veterans of the business exclusively specializing in multi-housing investment sales and will join forces with Bill Moylan and Chris Angelone, who lead the CBRE/New England Capital Markets in Boston. The addition of Butler and St. John further solidifies CBRE/New England as the leading investments sales team in the Northeast. Butler and St. John were recently executive directors with Cushman & Wakefield Inc.’s Capital Markets Group. Prior to…
RealPage Acquires Vigilan, SaaS Provider to the Senior Living Industry
RealPage Inc. has acquired the operating assets of Vigilan Inc. for approximately $5 million.
EdR Acquires Student Asset for $28.5M
EdR recently purchased a 256-bed property adjacent to St. Louis University in St. Louis. The $28.5 million purchase was funded with cash on hand.