Wes Fuller

Employment Gains Spur Growth in Philadelphia

An evolving wage structure, influx of young professionals and boom in hospitality and development are helping the city's multifamily market keep its head above water.

Greystone Closes $77M Transaction for SC Portfolio

The initiative recapitalizes and preserves the affordability of 18 communities. All the 762 units are restricted to low-income households and will undergo renovations to improve the exteriors and interiors.

JLL Leads TX Community Transaction

Canopy Apartments now owns Barcelona Apartments, a 64-unit property located in Kingsville, Texas, and a former asset of Coastal Barcelona. The new manager is 3CM Multifamily.

LA Investor Snags $107M Suburban Denver Portfolio

Gelt's acquisition includes two assets in Lakewood: the 408-unit Ascend at Red Rocks and the 172-unit Elevate at Red Rocks.

CBRE Brokers Sale of Ft. Lauderdale-Area Community

Still Hunter and Chris Smiles of CBRE’s South Florida Multifamily Capital Markets team worked on behalf of the seller in the transaction, while Freddie Mac originated the acquisition financing.

Recruiting With Technology

Meridian Capital Secures $23M for Illinois Community

The equity and bridge financing was obtained on behalf of Odessa Partners and used for the purchase of Stratford Trails, a community in Glendale Heights, Ill. The buyer intends to upgrade the asset.

$305M Earmarked for NYC Luxury Condo

Lightstone is set to develop 130 William, located in Manhattan's financial district.

Passco Acquires $50M Luxury Community

The company is expanding its footprint with a new Class A, luxury community, located near Tampa Bay and major area employers.

Michigan Ave. Tower Scores $150M Refi

MILA, an upscale 402-unit property in Chicago’s East Loop, was developed by a joint venture led by John Buck Co. Proceeds will refinance the construction loan.