Michael Gallis

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  • NAPA Ventures Nabs 2 Communities in Lake Jackson, TX

    In partnership with a private equity group, NAPA Ventures acquired two communities totaling 401 units. The company plans to renovate both properties.

    10 May 2017 19:32
  • HFO Investment Sells $15M Oregon Community

    Mactrust LLC acquired the community for $15.2 million, or $90.719 per unit. The buyer plans to continue making improvements to the property, which is located close to an array of green spaces, retail and schools.

    07 April 2017 17:36
  • PAC Snags Tampa-Area Luxury Property

    The purchase of the newly built 280-unit community was financed through a first mortgage loan from Fannie Mae, originated by Berkadia Commercial Mortgage LLC.

    31 July 2017 07:35
  • Bell Partners Snags 308 Units

    Stonebridge Terrace, which will be renamed Bell Stonebridge, is a two-year-old community located within Stonebridge at Potomac Town Center, a half-million-square-foot lifestyle hub.

    19 July 2017 16:11
  • Kidder Mathews Taps Orange County VP

    Based in the firm’s Orange County office, Johnny Chang will specialize in multifamily investments. He joins from CBRE and has transactions totaling more than $250 million under his belt.

    14 June 2017 14:38
  • Houston-Area Communities Land $87M in Financing

    Two Houston-area multifamily assets, totaling 1,553 units, received $87 million in financing. Combining first mortgage and mezzanine loans, both projects obtained floating-rate, interest-only and non-recourse loans.

    16 October 2017 13:35
  • IRT Acquires 328-Unit Raleigh-Durham Community

    Previously managing the property on behalf of RAIT Financial Trust, the company recently acquired the asset for $43 million. The community is located in the Raleigh-Durham market, in close proximity to prestigious universities and major employers.

    12 July 2017 18:23
  • Everything but the Kitchen Sink

    Government data provides us with telling characteristics of the 21 million apartments in the U.S., but there is much less data available on how apartment residents live in their homes and how those habits affect their energy consumption.

    04 October 2017 08:14
  • Transwestern’s Houston Group Completes Sale of Pindo Pointe

    Winslow Asset Management purchased the 164-unit community, which is located in Beaumonth, Texas.

    29 September 2017 17:07
  • Lantower Residential Acquires NXNE in North Austin

    North by Northeast is a 375-unit community built in Austin’s Tech Ridge submarket. Major tech companies such as Dell, Apple, IBM and Samsung have set up offices in the area.

    09 May 2017 13:05