Property Types
Partners Buy Hurricane Sandy-Affected Apartments, Plan Rehab
The Community Development Trust, a private REIT that provides capital for the preservation of affordable housing, has partnered with Proto Property Services to buy and rehab Ocean Towers in the Coney Island section of Brooklyn.
Maplewood Readies Connecticut Site for Seniors Development
Maplewood Senior Living has closed on a six-acre development site in Bethel, Conn., for an assisted living and memory care facility.
Campus Advantage Names New Senior Vice President of Investments
Campus Advantage, a leading student housing company, has made Michael Orsak a shareholder and promoted him to senior vice president of investments where he will manage the company’s portfolio of real estate and corporate investments, provide guidance on new investment opportunities and reach out to potential new business partners and investors.
Western National Property Management to Manage Hutton Company’s Calif. Community
Western National Property Management announced it has been selected to manage the Hutton Companies’ new community The Paseos at Magnolia, which is located in Riverside, Calif.
Mill Creek Residential Breaks Ground on Luxury N.J. Community
Mill Creek Residential Trust announced that it has broken ground on Phase I of Latitude, a luxury community in Morristown, N.J., as part of the redevelopment of Speedwell Avenue. This is the first residential development in four years in the area.
Greystone Welcomes Andrew Warren to Affordable Housing Preservation Group
Greystone, a financial services and real estate firm, has announced the addition of Andrew Warren to the firm’s affordable housing preservation division as director of investments.
Amstar and Allied Realty to Break Ground on 332-Unit Luxury Apartment Project in Central Denver
Locally-based real estate investment manager, Amstar has partnered with Allied Orion Holdings, a Texas- and Colorado-based apartment developer, and recently announced it will start construction on a 332-unit apartment project in the Highlands/Jefferson Park neighborhood of Denver, Colorado. The project, dubbed 2785 Speer is scheduled to break ground this month and is expected to be completed in the spring of 2015.
Campus Advantage Celebrates Ongoing Success by Adding Seven Properties
Campus Advantage’s current Fall 2013 lease-up rates are 6 percent higher than at the same time last year. The company announced in January a second, $75 million joint venture with the California State Teachers’ Retirement System.
New Web Portal from Yardi Delivers Online Applications and Compliance Documentation for Affordable Housing Industry
Yardi today announced the launch of HOUSINGCafé™, a new, Web-based application tool for the affordable housing industry.
Wood Partners Sells North Seattle Apartment Community for $29.4M
Wood Partners sold Jasper by Alta, a 91-unit luxury apartment community in Wedgwood, Wash., for $29.4 million to Jasper 91 LLC, which is associated with Calfox Inc.