Security Properties Closes its Sixth Co-GP Multifamily Real Estate Fund
SEATTLE, March 21, 2023 — Security Properties completed its final Capital Call for Security Properties Multifamily Fund VI (“Fund VI”), a $200 million moderately leveraged, geographically diversified private equity real estate fund that invested primarily in institutional joint ventures as the General Partner. The structure of these investments afforded Fund VI members an opportunity to participate in shared […]
Fairstead Announces $25 Million Renovation Plan for 324-Unit Coppertree Village Affordable Community in Acres Homes Neighborhood
HOUSTON, TX – Fairstead, Houston Mayor Sylvester Turner, City Council Member Tarsha Jackson, and partners announced a $25 million renovation at Coppertree Village Apartments, a fully affordable community located in the Acres Homes neighborhood of Houston, Texas. Fairstead – a purpose-driven vertically integrated real estate company – developed a comprehensive plan of improvements that will […]
Capital Square Acquires Newly Constructed Ashford Townes Build-for-Rent Townhome Community in Affluent Raleigh Submarket
RALEIGH, NC – 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 Ashford Townes, a 74-unit newly constructed build-for-rent townhome community in the affluent Raleigh suburb of Fuquay-Varina, North Carolina. The community was acquired on behalf of CS1031 Ashford Townes […]
Canyon Partners Provides $14.8 Million Preferred Equity Investment for 266-Unit Multifamily Development in South Carolina
INDIAN LAND, SC – Canyon Partners Real Estate announced that it has provided a $14.8 million preferred equity investment in a joint venture with The Widewaters Group for the development of Parkstone at Indian Land, a Class-A, 266-unit, garden style residential community in Indian Land, S.C. Widewaters will lead development of the community, which is […]
The Bascom Group Acquires 230-Unit Avenida Lakewood Active Adult Apartment Community in West Denver Submarket of Lakewood
IRVINE, CA – The Bascom Group in partnership with Artemis Real Estate Partners has acquired Avenida Lakewood, a 230-unit Active Adult (55+) apartment community located at 11001 West 15th Place in Lakewood, Colorado. The Class A property marks Bascom’s 36th multifamily acquisition in Colorado. Ryan Maconachy and Courtney Crowder at Newmark brokered the transaction. Brian […]
Sunrise Senior Living Breaks Ground on Its First Community in Miami Metropolitan Market with 94-Unit Sunrise of Coral Gables
CORAL GABLES, FL – Sunrise Senior Living, an industry pioneer and leading provider of senior living and housing services, announces the groundbreaking of its first senior living community in the Miami-metro area, Sunrise of Coral Gables. Sunrise’s personalized approach has become a gold standard for the senior living industry throughout its more than 40-year history. […]
Hunt Companies to Develop Luxury Multifamily Project – The Caroline Eastside Apartments, in Richardson, TX
EL PASO, Texas — Hunt Companies, Inc. (Hunt) today announced that it is developing a 384-unit, Class-A apartment building in Richardson, Texas, scheduled for early 2025 move-ins. The Caroline Eastside Apartments is being developed by Hunt with Walker Dunlop serving as lender. The building was designed by HEDK Architects and construction will be led by KWA Construction. ZRS Management will […]
TGM REFINANCES MULTIFAMILY COMMUNITY IN ST. PETERSBURG, FL
NEW YORK, March 16, 2023 — TGM announced today the mortgage refinancing for TGM Bay Isle, a 582-unit multifamily apartment community in St. Petersburg, Florida. TGM Bay Isle received Green Globes Certification enabling TGM to secure competitive borrowing terms from Fannie Mae as a result of the property’s green efficiency and sustainability. The refinancing opportunity was originated […]
Olympus Property Expands California Footprint with 179-unit West Hollywood, CA Acquisition
FORT WORTH, Texas, March 17, 2023 — Olympus Property is pleased to announce the acquisition of Angelene Apartments, a 179-unit apartment community located in West Hollywood, California. Established in 1992 with a steadfast vision of becoming a leader in the multifamily real estate industry, Olympus Property boasts a wealth of experience and a hands-on approach throughout the […]
Canyon Partners Provides $14.8 Million Preferred Equity Investment for 266-Unit Multifamily Development in South Carolina
INDIAN LAND, SC – Canyon Partners Real Estate announced that it has provided a $14.8 million preferred equity investment in a joint venture with The Widewaters Group for the development of Parkstone at Indian Land, a Class-A, 266-unit, garden style residential community in Indian Land, S.C. Widewaters will lead development of the community, which is […]