First Communities Management

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  • Campus Advantage Adds 2 in MO

    The Lyfe and The Row add a total of 778 beds to the company's portfolio. Both communities cater to students attending the University of Missouri in Columbia.

    17 July 2017 16:51
  • 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
  • CBRE Brokers Sale of 43 Affordable Properties

    The portfolio includes 4,153 units spread mainly across Maryland, but also in Pennsylvania and Virginia. CBRE Affordable Housing Executive Vice President Jeff Kunitz arranged the sale on behalf of Shelter Group. Enterprise Homes purchased the assets.

    07 August 2017 13:59
  • Berkadia Finalizes Transactions in NY, FL

    The firm secured financing for an affordable 130-unit property, called Tony Mendez Apartments, in Manhattan and two properties, called Fernwood Grove and Poplar Park Terrace, totaling 293 units in Tampa.

    24 April 2017 13:48
  • Indianapolis: Full Speed Ahead

    Demand for apartments continues to be strong, thanks to the locale’s relative affordability. The city’s high-quality education system and skilled workforce attract residents and employers, propelling economic growth.

    27 June 2017 09:55
  • Michigan Ave. Tower Scores $150M Refi

    MILA, an upscale 402-unit property in Chicago’s East Loop, was developed by a joint venture led by John Buck Co. Proceeds will refinance the construction loan.

    18 August 2017 10:36
  • JLL Arranges $88M for Long Island Properties

    The company secured the loan for a 700-unit community in Moriches, N.Y., and a 200-unit community in Medford, N.Y.

    10 July 2017 16:48
  • PMG Gets $154M for FL Mixed-Use

    The development will be constructed under the company's new PMGx multifamily housing division, which comprises “social living” rental communities that cater to professionals who seek a more community-oriented lifestyle.

    17 July 2017 10:00
  • Aztec Group Secures $5M for FL Senior Communities

    The Memory Lane Cottages in Oviedo and Tampa are assisted living facilities specializing in serving individuals with Alzheimer and dementia-related disease. Charles Penan, executive vice president, and Howard Taft, senior managing director, brokered the deal.

    05 September 2017 16:05
  • Economy Watch: Multifamily Starts Dip in July

    New projects got underway at an annualized rate of 287,000 units, only the second time in the past 12 months that the pace has fallen below 300,000 units.

    17 August 2017 16:15