Spirit Investment Partners, in partnership with Strategic Value Partners, announced the off-market acquisition of an 895-unit multifamily portfolio from Resia, the U.S. multifamily real estate and modular manufacturing subsidiary of Brazil’s largest homebuilder, MRV & Co. The portfolio includes the 573-unit Resia Ten Oaks community in Houston and the 322-unit Resia Rayzor Ranch community in […]

Security Properties, a Seattle-based real estate investment firm with more than $6 billion in assets under management, has acquired Langara, a 134-unit apartment and townhome community in Issaquah, Washington. The company announced the purchase price as $55.1 million, or approximately $411,000 per unit. The acquisition was completed in partnership with RGA ReCap Incorporated on behalf […]

37th Parallel Properties acquired Woodbridge Villas, a 222-unit apartment community in Sachse, Texas. The multifamily real estate investment firm completed the off-market transaction for the property built in 2002. The acquisition expands the company’s portfolio in the Dallas-Fort Worth metro area. According to the announcement, Sachse has a median household income of approximately $117,000 and […]

Livmark Communities has broken ground on The Collins Apartments at Union Park, a 457-unit rental community in Fort Collins, Colorado. The company announced the start of construction at a ceremony marking the project’s launch in the Union Park neighborhood. The development is located off Ziegler Road and Harmony Road in Midtown Fort Collins. According to […]

Preiss, a national student housing and multifamily owner, developer, and operator, announced it has been awarded property management of The Mill and The Union, two student housing communities near the University of North Carolina at Charlotte. The company secured the management contract following the acquisition of both assets by New York-based Triangle Capital Group. According […]

GTIS Partners and GreyBrick Partners announced the acquisition of The Wilson, a 67-unit multifamily property located at 973 Market Street in San Francisco’s SoMa neighborhood. The transaction represents the ninth acquisition by a joint venture between the two firms focused on acquiring and repositioning small-scale multifamily properties in downtown San Francisco. The Wilson was originally […]

The NRP Group announced the financial closing and groundbreaking of Alora Lofts, an 88-unit affordable housing community in Kissimmee, Florida, located 18 miles south of Orlando. According to the company, the development will serve individuals and families earning between 30% and 70% of the Area Median Income. Bill Zunamon, Vice President of Development at The […]