Morristown Partnership

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    A nonlisted multifamily REIT sponsored by the company purchased The Verandas at Mitylene in Montgomery for $37 million. The asset was formerly managed by Flournoy Properties.

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    Optima Kierland will welcome its first residents in 2018. The upscale community is situated at the intersection of Scottsdale Road and Kierland Boulevard. Home prices start from $300,000.

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  • Philadelphia’s Apartment Revival

    Yardi Matrix's spring outlook for the City of Brotherly Love cites steady employment and population increases as a reason for the market's increase in popularity. Demand is especially strong among job-seeking Millennials and Baby Boomers looking to downsize.

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  • On the Market: 5 Interesting Listings for the Week of 9/18

    This week's listings include the recently completed rehabilitation of an historic 18-unit building in Jersey City, N.J., and a new townhouse asset in New Hampshire that comes with an adjacent lot available for future development.

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    The company serves as the manager and developer for the 434-bed community. Domain at Tallahassee serves Florida State University students.

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    Greysteel brokered the sale of Cascade Park Apartments on behalf of NOVO Properties, located within minutes of the Capitol Riverfront. According to Yardi Matrix data, occupancy is currently at 94 percent.

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  • Kayne Anderson Snags Sentio Investments for $825M

    Under the terms of the agreement, the company will acquire the outstanding shares in an all-cash transaction. The assets, located across 16 states, include senior housing communities as well as medical office buildings.

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  • John Hancock Snags Property on Boston Harbor

    The 224-unit high-rise was built in 2007, and is part of the ongoing redevelopment of the Navy Yard, one of the oldest shipbuilding yards in the U.S.

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    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.

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