AREA Property Partners

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  • New Apartments in Brooklyn to Begin Leasing

    Leasing will begin later this summer at 50 North 5th St., a newly constructed 229-unit rental property in the Williamsburg neighborhood of Brooklyn. Mack Real Estate Capital Group and Urban Development Partners developed the project, which was formerly known as 204 Wythe Ave.

    Northeast 21 June 2013 18:16
  • Dallas Mixed-Use Development Unveils First Apartment Phase

    For anyone seeking evidence of a strong market for pedestrian-friendly, urban lifestyles in Dallas, ample proof is provided by the BLVD, a new mixed-use development rising in an area of the city near Southern Methodist University and Mockingbird Station.

    South 18 May 2012 14:57
  • Savanna, Pantzer Partner to Close $196M Purchase

    Savanna joins Pantzer Partners in the ownership of a large Long Island asset; AREA partners with Harbor Urban on a Seattle apartment initiative; and Beech Street Capital provides $7.8 million for the refinance of an apartment community in New York state.

    National 16 March 2012 19:08
  • AREA Property Partners Acquires 1,180 Units in Virginia

    AREA Property Partners buys a large asset in Alexandria, Va.; Chestnut Hill Realty completes an addition on a Massachusetts re-positioning; and Mortgage Equicap arranges a $17 million construction loan.

    National 28 February 2012 20:19

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    The project is part of a three-phase, master-planned development in Anaheim's Platinum Triangle. The property will feature 1,079 luxury apartment homes, a 1.1-acre public park, as well as 14,600 square feet of retail.

    31 May 2017 15:08
  • Dougherty Arranges Loan for 136-Unit Buy

    Dougherty Mortgage closed an $8 million loan for the acquisition of a 136-unit community in Balch Springs, Texas. The national mortgage banking firm represented the borrower.

    10 November 2017 10:12
  • Praxis Buys Tampa Value-Add Apartments, Plans Upgrades

    The 232-unit Villages at Turtle Creek was built in 1985 and includes 15 buildings. The company plans to invest $3 million on upgrades to the community.

    05 October 2017 14:36
  • TruAmerica Nabs Orlando Community for $48M

    TruAmerica has expanded its portfolio with the purchase of Arium Falcon Pines, a 300-unit luxury community. The property will be rebranded as Canterbury Cove, and receive interior and exterior upgrades.

    18 October 2017 20:27
  • CBRE Sets Up Bay Area Multifamily Practice

    Executive Vice Presidents Matt Kroger and Jef Henderson will lead the new team and focus on investment property and land sales for institutional and private owners.

    29 June 2017 16:17
  • Museum BLVD’s Final Look

    Reflecting the design of nearby museums, the mid-rise Houston development will flaunt a building envelope composed of stucco featuring a façade with ceramic tile pattern. First-floor condos will offer expanded outdoor living spaces with artistic railings created from laser-cut metal.

    03 May 2017 11:49
  • The Praedium Group Invests $90M in TX, FL

    “The real estate investment firm added 530 units to its multifamily portfolio by acquiring the 288-unit Fox Hill Apartments in Austin and the 242-unit Park Place at Maguire in Orlando.

    10 July 2017 15:41
  • CHC Real Estate Buys Class A Property in Odenton, MD

    Cafritz Interests and Clark Enterprises Inc. sold NOVUS Odenton, a 244-unit luxury community. The asset was acquired free of any debt.

    05 September 2017 11:23
  • The September digital issue of MHN is now available!

    The September issue focuses on Property Management, including how to keep your residents' data safe from a cyber-attack, and a look at insurance rates with predictions on how long the market will last. Additionally, we have a column from NMHC detailing why the federal government most act on flood insurance premiums, a particularly important and relevant topic as we see firsthand the damage caused by Hurricane Harvey.

    06 September 2017 08:59
  • Berkadia Completes $61M Sale of Seattle Community

    Carroll’s Creek Landing is in close proximity to various shopping options including Walmart, Best Buy and Target. The 288-unit community serves as military housing.

    21 August 2017 17:19