Preferred Apartment Communities Inc.
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Steadfast REIT Snags Dallas-Area Community for $44M
The 300-unit Point at Vista Ridge, which is 94 percent occupied, will be conducting an apartment overhaul as part of the company's value enhancement strategy.
Dallas 05 June 2017 16:59 -
PAC Sells 300-Unit Dallas Community
Steadfast Cos. paid about $44 million for Enclave at Vista Ridge, a Class A community located in a northwestern suburb of Dallas. The sale was subject to a $29.1 million Fannie Mae loan.
Dallas 29 May 2017 20:08 -
PAC Lands 242-Unit Louisville Community
The company financed the acquisition by assuming a mortgage loan insured by the U.S. Department of Housing and Urban Development.
Midwest 02 May 2017 20:14 -
PAC Buys Recently Built Virginia Community
The company purchased Founders Village, a 247-unit community in Williamsburg, Va., and financed the acquisition using a portion of the proceeds from a 1031 exchange sale.
Richmond 05 April 2017 14:09 -
Preferred Closed the Sale on 2 Communities Totaling $114M
The properties, located in Kansas City, Kan., and Atlanta, have an annualized return of 19.1 percent.
Atlanta 31 March 2017 13:49 -
PAC Buys Arizona Student Housing Community
The company has purchased a 225-unit, 640-bed campus asset located close to Arizona State University.
Phoenix 02 March 2017 14:55 -
Preferred Apartment Acquires 246-Unit Complex
Preferred Apartment Communities Inc. acquired Port Arthur's Stone Creek Apartments in Port Arthur.
Houston 16 November 2015 19:55
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Oden Hughes Breaks Ground on San Antonio Project
The 308-unit community is being built as part of The Rim, a 700-acre mixed-use development that also includes office and retail. Residences are scheduled to open in mid-2018.
31 May 2017 16:55 -
Nonprofit Sells Fall River Senior Community
Colliers brokered the sale of the 44-unit Bay View independent living community to SMG Inc. The asset is located on a 5.2-acre lot that is suitable for additional development.
22 June 2017 13:52 -
Rent Growth
Rents were up 2.6% nationwide in July, a 10-basis-point decline from June. Actual rents have increased every month this year, and are up 2.7% year-to-date.
30 August 2017 14:29 -
Manhattan Valley Portfolio Sells for $52M
Eastern Consolidated recently brokered the sale of a four-building multifamily portfolio comprising 100 apartments located at 60-68 W. 107th St., on New York City’s Upper West Side.
15 May 2017 14:17 -
Rapid Growth in Raleigh-Durham
The metro continues to appeal to investors which are being priced out or struggling to find high acquisition yields in major markets.
30 May 2017 13:26 -
Historic DC Student Housing Starts Makeover
After housing government workers in wartime and serving generations of students, two historic dormitories in the nation's capital will get a third life as market-rate communities.
11 September 2017 03:49 -
Texas a Draw for Foreign Real Estate Investors
Property in the Lone Star State is a hot commodity, and that’s not likely to change anytime soon. Here are three reasons why.
19 May 2017 16:56 -
Cybersecurity 411: The Value of Your Information
The cost of a data breach is significant today, and will only continue to escalate as liability, regulation and other factors increase.
27 March 2017 08:48 -
Growing Wealth with Multifamily Investments
An expert at Marcus & Millichap discusses leveling up from single-digit to 1,000-plus units and the pathway to profit.
25 July 2017 12:25 -
Tishman Speyer’s Jackson Park Tops Out in NYC
The community, located in New York City’s fastest-growing neighborhood, Long Island City, Queens, will include more than 1,800 apartments and 120,000 square feet of indoor and outdoor amenities, as well as a private 1.6-acre park.
17 July 2017 17:11