Gray Capital Acquires 154-Unit Apartment Property Echo Park, the Fourth Asset in $100M Multifamily Fund
INDIANAPOLIS, Feb. 23, 2023 — Real estate private equity firm Gray Capital has closed on their acquisition of Echo Park Apartments, a 154-unit luxury multifamily apartment community located in Bloomington, IN. Gray Capital’s business plan includes a core-plus strategy to improve onsite management and significantly reduce expenses through efficiencies with other Bloomington multifamily assets. Gray Capital’s property management company, […]
ITEX UNVEILS “THE ARONSON” A CINEMA-INSPIRED MIXED-USE DEVELOPMENT IN NW ARKANSAS
“A Real Blockbuster of a Neighborhood” to feature 214 rental homes; anchored by Alamo Drafthouse Cinema + Drive-In FAYETTEVILLE, Ark., Feb. 22, 2023 — Premiering in 2024, The Aronson, a much-buzzed-about multifamily, entertainment and retail destination will throw open its doors to Fayetteville and Northwest Arkansas. Starring over two hundred of the regions’ most desirable rental homes, this unique mixed use […]
Creating a Successful Leadership Structure Through Identifying Key Performance Metrics
Join property management expert Ernest F. Oriente of PowerHour® and multifamily technology innovator Kerry W. Kirby, CEO of 365 Connect, for a FREE MultifamilyBiz.com + PowerHour LIVE Digital Media Webcast. Launching on February 22, 2023 at 3:00 p.m. Eastern Standard Time, this LIVE fast-paced 60-minute FREE Webcast, focuses on the increasing team performance and identifying […]
CMCT Executes Strategy to Grow Multifamily Portfolio with Acquisition of Three Apartment Communities Totaling 696-Units in California
DALLAS, TX – CMCT announced that it is expanding its multifamily portfolio with the planned addition of 696 apartment units across three assets. The acquisitions advance CMCT’s strategy to focus the portfolio on highly amenitized premier multifamily and creative office assets in dynamic, high barrier to entry markets. CMCT intends to acquire an interest in […]
Orion Real Estate Partners Closes Third Utah Acquisition with 144-Unit Lakeside Village Active Adult Community in Salt Lake City
SALT LAKE CITY, UT – Los Angeles-based Orion Real Estate Partners announced that it has acquired Lakeside Village, an active adult multifamily community in Salt Lake City, Utah. Lakeside Village enjoys picturesque views of the Wasatch Mountains and sits on a 7.7-acre site with desirable amenities including a clubhouse, community pond, resident garden and outdoor […]
Tech-First Hospitality Brand Mint House to Launch 100 Apartment-Style Units in Thriving Edge District of St. Petersburg, Florida
ST PETERSBURG, FL – Mint House, the premier tech-enabled residential hospitality brand offering spacious, high end apartment-style accommodations across the U.S., announced the impending opening of Mint House at Metro St. Petersburg in St. Petersburg, Florida in Spring 2023. The newly constructed residential hospitality property – fully operated by Mint House – will offer 100 […]
Landmark Properties Expands into Minnesota with The Standard at Dinkytown Luxury Student Housing Community in Minneapolis
MINNEAPOLIS, MI – Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management and operation of high-quality residential communities, announced its first development in Minnesota in a prime commercial district of Minneapolis. The Standard at Dinkytown is a 1,021-bed community within walking distance to the University of Minnesota (UM) in the heart […]
Capital Square Completes Acquisition of Brighton Woodstock Build-for-Rent Townhome Community in Atlanta Submarket of Acworth
ATLANTA, GA – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced the acquisition of Brighton Woodstock, a build-for-rent, 100-unit townhome community in the Atlanta suburb of Acworth, Georgia. Capital Square has formed the Private Equity Group managed by experienced real estate executives, […]
Proptech: The Multifamily Industry’s Secret Weapon to Economic Resiliency
In this episode of the Multifamily Innovation® Show, Patrick Antrim talks with Kyle Finney, Business Development Manager of Arize, to illustrate how smart tech can be leveraged affordably. And how, even in tight cost-cutting times, owners can fortify their portfolio by optimizing their operational efficiencies, maintaining strong retention and occupancy rates, and building more resilience […]
Capital Square Launches Opportunity Zone Fund to Develop 348-Unit Multifamily Community in South Knoxville Neighborhood
KNOXVILLE, TN – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced the launch of CSRA Opportunity Zone Fund VIII, LLC. The project-specific opportunity zone fund will raise capital to develop Livano Knoxville, an approximately 348-unit Class A multifamily community in Knoxville, Tennessee. CSRA Opportunity […]