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Continental Realty Acquires $47M TN Community

The purchase was made on behalf of Continental Realty Fund IV LP. This represents the fifth residential community and ninth asset purchased by the fund, as well as the first in Tennessee.

Investment

U.S. pricing per square foot, based on independent reports of properties and portfolios of $2.5 million and greater; $ in thousands

Arrimus Snags FL Student Housing

The company made its second purchase from Parkland Development Corp. this year with the Forum at Tallahassee, a 264-unit community serving Florida State University students.

NC Apartments Trade for $15M

Sovereign Development has acquired the 120-unit community.

What Are the Top Sources of Ancillary Income?

At the 2017 National Apartment Association Education Conference and Expo, panelists discussed punitive fee-based charges and service upgrades at communities.

Downtown LA Mixed-Use Development Underway

MacFarlane Partners has broken ground on the second phase of Park Fifth, which will consist of 347 units and 5,300 square feet of retail.

George Smith Secures $27M for Hollywood Community

Massie Capital and Glenn & Shannon Dellimore plan to refinance an older acquisition loan and fund further renovations, as well as the off-market acquisition of an adjacent property.

Champion to Develop First Multifamily Project

Sunbury Pointe, a 146-unit community in Ohio, will be completed this fall.

Top 5 NYC Multifamily Sales

PropertyShark compiled the top 5 sales in multifamily for February 2017 in New York City.