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  • Greystar Sells $2B National Multifamily Portfolio to Blackstone

    By Jeffrey Steele, Contributing Editor Bob Faith Charleston, S.C.—Investment, development and management company Greystar Real Estate Partners LLC has announced that Greystar Equity Partners VII LP (GEP VII) has sold a 32-property multifamily portfolio to Blackstone Real Estate Partners VIII. The purchase price was $2 billion, or approximately $192,000 per unit. A blend

    South 11 December 2015 16:06
  • Landsea Makes Major Land Acquisition

    By Jeffrey Steele, Contributing Editor Image courtesy of Wikipedia. Irvine, Calif.—Homebuilder Landsea has announced a major land purchase in the Orange County, Calif., municipality of Lake Forest. The purchase of more than 550 lots from Sun Ranch Capital Partners for an undisclosed amount will result in Landsea building a new gated and

    West 07 December 2015 18:23
  • Franklin Street Closes 5 Deals in 5 Days for $50M

    University Oakwood By Jeffrey Steele, Contributing Editor Tampa, Fla.—The Tampa team of real estate company Franklin Street closed the sale of five Tampa-area properties in five days. Total price: $50 million. Though geographically distributed from the Pinellas Suncoast on the west to Tampa on the east, all the multifamily communities sold are situated

    South 23 November 2015 14:43
  • Kettler, Stillman Group Acquire Charleston Apartment Portfolio

    Waverly Place By Dees Stribling, Contributing Editor Charleston, S.C.—Kettler and the Stillman Group have purchased two apartment properties in Charleston, S.C., from Fairfield Paces Watch LLC and Fairfield Waverly LLC for a combined $58.55 million. Altogether, the properties total 472 garden apartment units. The portfolio is made up of the Paces Watch Apartments

    South 12 November 2015 13:17
  • Castle Lanterra Properties Acquires Tuscaloosa Apartments

    By Dees Stribling, Contributing Editor Tuscaloosa, Ala.—Castle Lanterra Properties (CLP) has completed its acquisition of the Heights at Skyland, a 304-unit apartment community off Skyland Boulevard in Tuscaloosa, Ala. Multi Housing Advisors arranged the transaction. Common amenities include a recently renovated clubroom, swimming pool, volleyball court, business center, fitness center, three tennis

    South 03 November 2015 20:35
  • TruAmerica Acquires Greater Salt Lake City Multifamily Portfolio for $102M

    Southwillow Apartments By Dees Stribling, Contributing Editor Salt Lake City—TruAmerica Multifamily and the Guardian Life Insurance Company of America have completed their purchase of two apartments in metro Salt Lake City for $102 million. Both properties are of mid-1980s vintage and are about seven miles from one another on Redwood Road, one

    West 03 November 2015 12:30
  • Inside Milestone Apartments REIT’s $1.9B Acquisition

    By Jeffrey Steele, Contributing Writer Dallas—Milestone Apartments REIT has entered into an agreement with Starwood Capital Group to acquire, by way of merger, Landmark Apartment Trust for $8.17 per Landmark share in cash, representing a total enterprise value of approximately $1.9 billion. The acquisition is expected to close in early 2016. Kirkland

    South 26 October 2015 15:07