River’s Reach

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  • Covenant Sells 272-Unit Atlanta Asset for $32M

    The deal continues the Atlanta market momentum for Covenant Capital Group, following the company’s sale of the 500-unit Viera Briarcliff in June for $76 million. Mike Kemether and Travis Presnell of Cushman & Wakefield worked on behalf of StoneBridge Investments, the seller, while Elliott Throne, Gregg Shapiro and Ware Shipman of HFF secured acquisition financing.

    03 August 2017 18:22
  • Demand Outpaces Supply in Salt Lake City

    Driven by robust population growth and low unemployment, Utah’s largest city is rapidly expanding, generating healthy housing demand. It continues to appeal to major employers, such as Amazon, UPS and big-brand companies based along the Wasatch Front.

    31 July 2017 13:52
  • JV Opens AZ Student Housing

    The 626-bed community marks the joint venture’s fourth property. Skyview also offers roughly 3,000 square feet of retail space.

    08 November 2017 12:51
  • Lower Average Loan Sizes Are Likely

    Rising interest rates have yet to strongly impact the multifamily market, as specialists are confident the market will continue to see healthy fundamentals in the near future. While loan origination volumes are expected to stay up, the average value of credit facilities might dip.

    01 August 2017 20:39
  • Lantower Residential Acquires Austin Apartments

    The 375-unit NXNE was completed in 2016. Located in the Tech Ridge district, the community is near several employers, including Dell, Apple, IBM and Samsung.

    10 May 2017 14:21
  • Providers Grapple with Flood Insurance’s Hazy Forecast

    An experienced litigator in the areas of bad faith law and unfair business practices, Royal Oakes analyzes the challenges and opportunities that insurers face in the wake of hurricanes Harvey and Irma.

    13 September 2017 16:56
  • Twin Cities Affordable Housing Portfolio Sells for $77M

    Investors Aeon, the NOAH Impact Fund and Enterprise Community Investment purchased the 10 properties. The apartments will continue to welcome low-income renters.

    01 November 2017 15:39
  • JV Breaks Ground on Upscale Dayton-Area Apartments

    Mills Development and Hills Properties began work on a 312-unit community adjacent to Cross Pointe Shopping Center in Centerville, Ohio. The project will be known as Allure Luxury Apartments.

    21 September 2017 14:10
  • Walker & Dunlop Originates $34M Loan for CA Affordable Asset

    The loan will be used to finance Campus Oaks Phase I, an affordable community in suburban Sacramento. Walker & Dunlop worked on behalf of The Canel Cos.

    21 July 2017 12:54
  • Finlay Expands Management Portfolio With FL Community

    The firm will manage Jackson Square Apartments in Tallahassee, a property that has recently been purchased by Finlay’s sister multifamily investment company, Lloyd Jones Capital.

    27 September 2017 13:16