Steve Pappas

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  • Bell Partners Closes $600M Fund

    : Value-added Bell Apartment Fund VI invests in multifamily properties in the United States, leveraging the apartment and managing firm’s operating platform.

    21 June 2017 08:37
  • Aussie Developer Caydon Breaks Ground on First US Project

    The community, 2850 Fannin Street in Houston, will be 27 stories tall and include 357 units. Amenities will include a pool with swim-up bar, yoga studio, dog park and sky lounge.

    10 November 2017 16:17
  • ACH Opens 125-Unit Student Housing in FL

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

    14 September 2017 15:48
  • Investment

    In the second quarter of 2017, the price per square foot for multifamily properties averaged $179,000, with Mid- and High-Rise Apartment properties at $280,000 and Garden Apartments at $118,000.

    30 August 2017 14:23
  • BRT Nabs 509-Unit DFW Community

    BRT Apartments Corp. purchased Mercer Crossing from Provident Realty Advisors for roughly $86 million. For the acquisition, the buyer obtained a $55.2 million loan from Barings Multifamily Capital.

    14 July 2017 12:03
  • Inland Lands 332-Unit AL Community

    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.

    09 August 2017 16:54
  • Dougherty Mortgage Closes $10M Loan for San Antonio Sale

    The company closed a 12-year Fannie Mae financing loan for the acquisition of a 168-unit community located in San Antonio’s North Loop submarket.

    03 October 2017 16:02
  • Strategic Capital Backs NYC Hudson Square Development

    The affiliate of a giant Chinese firm is taking a $140 million equity stake in the project, which will be co-developed by Cape Advisors. Located in Manhattan’s West SoHo enclave, the 280,000-square-foot tower will feature 170 condominium units, ground-floor retail and parking.

    17 May 2017 14:51
  • Capital One Closes $17M Student Housing Refi

    The 341-bed International Village serves students at the University of California Riverside and has an occupancy rate of 93 percent.

    02 November 2017 10:12
  • KWCC, The Condo Shop Merge to Serve Philly

    The strategic alliance with a team of more than 250 agents will enable The Condo Shop to boost the company’s growth and have access to better tools and resources.

    04 July 2017 11:17