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    The company purchased Forest Park Manor, a 100-unit property in Forest Park, and plans to rebrand it as Residences at Stonebrook.

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    Once construction is complete, Vermella West will add 280 apartment units to the Northern New Jersey submarket. The property will comprise four residential buildings and more than 15,000 square feet of amenity spaces.

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  • Cousins Continues $300M Disposition Plan with Atlanta Sale

    The company teamed up with Gables Residential to acquire Emory Point I and II, which they now sold for $199 million. The 750-unit community also includes 125,000 square feet of first-floor retail space.

    05 May 2017 09:54
  • Midtown Detroit Gets New Mixed-Income Community

    Nonprofits Develop Detroit and Preservation of Affordable Housing partnered for the $32 million development that will also include retail space. Project design will be led by Phil Freelon, design director at Perkins+Will.

    26 June 2017 16:59
  • Capital One Refinances Illinois Nursing Facility

    The $21.5 million fixed-rate HUD loan will be used to refinance Avantara Long Grove, a senior nursing facility in Long Grove, Ill.

    14 September 2017 15:15
  • Lexerd Lands $39M FL Apartments

    Springs at Braden River is a 270-unit garden-style community in Bradenton, Fla. The company acquired it from Continental Properties.

    31 August 2017 19:14
  • Leasing Starts at New Hell’s Kitchen Luxury Condos

    Taconic Investment Partners and Mitsui Fudosan America are developing the project at 525 W. 52nd St., which includes 35,000 square feet of amenities.

    24 May 2017 14:08
  • PASSCO Acquires Space Coast Property

    The company intends to initiate an array of capital improvements at the Class A property, which it purchased from Flournoy Cos. KeyBank Real Estate Capital’s Commercial Mortgage Group arranged acquisition financing for Passco Cos. through Fannie Mae.

    22 May 2017 14:49
  • Avesta Nabs Orlando Portfolio for $32M

    As part of the firm's strategy, Avesta has commenced a $5 million renovation program to modernize the interior units and upgrade the exterior aesthetics of its latest acquisition.

    25 May 2017 15:38
  • Tech Topics: EdR Helps Students Move In, Plug In

    Public REIT EdR owns some 45,000 beds in 80 campus communities, and has been in business for more than 50 years. CTO Scott Casey considers what students expect from their living environments and describes how EdR delivers cost-controlled, secure solutions to university residents.

    05 April 2017 19:13