NNG Capital Acquires $9.2M Apartment Complex In GA
DLC, Oct. 27, 2022 /PRNewswire/ — NNG Capital Fund has announced the closing of the acquisition of a 120-unit multifamily property “The Summit Apartments” in Macon, GA for over $9M. The 15-building apartment complex acquisition recently completed by NNG Capital Fund expands its footprint into new markets, as the company builds up on recession resilient and income producing assets in its […]
Lerner Acquires Parc at Gatlin Commons in Port St. Lucie, Florida
ROCKVILLE, Md., Oct. 31, 2022 /PRNewswire/ — Lerner Enterprises of Rockville, Maryland has acquired Lerner Parc at Gatlin Commons, previously Parc at Gatlin Commons, located in Port St. Lucie, Florida. This class-A multifamily garden community is comprised of 200 apartments and 5,935 square feet of luxurious amenity space in Port St. Lucie, Florida. The building spans a total of 201,000 residential square […]
Audrey Kamin Appointed Chair of USG Realty Capital’s Independent Advisory Board
SEATTLE, Nov. 1, 2022 /PRNewswire/ — USG Realty Capital, a leading investment sponsor specializing in opportunity zones, announced today that Audrey Kamin has been appointed chair of the company’s independent advisory board. Additionally, Kamin has joined the company as director of business development through her newly formed consulting firm. “Audrey is an industry colleague that I’ve known and admired […]
JBM® Sells Alvista Golden Gate Apartments – Naples, Florida
NAPLES, Fla., Oct. 27, 2022 /PRNewswire/ — JBM® Institutional Multifamily Advisors sells Alvista Golden Gate – again – for the fourth time. Located in the highly sought-after Naples market, the 200-unit property presents a tremendous proven value-add opportunity. Consisting of one and two-bedroom floorplans averaging 976 square feet, classic units make up just over half of the total unit mix. JBM® Chairman […]
Hamilton Zanze Sells Multifamily Community in Boise Metro
BOISE, Idaho, Oct. 27, 2022 /PRNewswire/ — San Francisco-based real estate investment firmH Hamilton Zanze is pleased to announce the sale of Selway Apartments in Meridian, Idaho. The firm purchased the property in 2013 and the sale closed on October 14, 2022. The sale of Selway Apartments represents the firm’s ninth disposition of 2022. “Selway was right down the fairway for […]
Security Properties Acquires 624 Yale in Seattle, WA
SEATTLE, Oct. 26, 2022 /PRNewswire/ — On October 21, 2022, a joint venture between Security Properties and STARS REI purchased 624 Yale, a trophy type-one midrise style multifamily property located in Seattle’s South Lake Union neighborhood for $104,000,000. This will be the second asset for this partnership, following the acquisition of Augusta Apartments in the University of Washington’s University District back in 2019. Security Properties now owns […]
Belpointe PREP, LLC Acquires New Opportunity Zone Property in Storrs, Connecticut
GREENWICH, Conn., Oct. 25, 2022 /PRNewswire/ — Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ” or the “Company”), a publicly traded qualified opportunity fund, announced today that it has completed the acquisition of 1750 Storrs Road, Storrs, Connecticut (“1750 Storrs”). 1750 Storrs is a 19-acre development site located near the University of Connecticut in Storrs (“UCONN”), where the Company anticipates building a […]
Oxford Properties Expands its San Diego Life Science Presence with Purchase and Lease Back of Ionis Campus
SAN DIEGO, Oct. 24, 2022 /PRNewswire/ – Oxford Properties Group (“Oxford”), a leading global real estate investor, asset manager and business builder today announced the purchase and long-term lease back of Ionis Pharmaceuticals’ (“Ionis”) 18.4-acre life science campus and corporate headquarters. Located in the established San Diego life science submarket of Carlsbad, the campus features approximately 250,000 square feet of […]
Wood Partners and PGIM Real Estate Break Ground on New Residential Community in one of Raleigh’s Fastest Growing Areas
RALEIGH, N.C., Oct. 17, 2022 /PRNewswire/ — Wood Partners, a national leader in multifamily real estate development, and PGIM Real Estate, the real estate investment and financing arm of PGIM, today announced groundbreaking of the partnership’s residential community—Alta Town Center—located in Raleigh, North Carolina. With construction currently underway, the community is scheduled to officially open in fall 2023 […]
Newly Branded North Hill Apartments in Virginia Beach Unveils Upgrades to Provide Luxury Living Experience for Dog Lovers, Fitness Enthusiasts, Beach Devotees, Art Appreciators + More
VIRGINIA BEACH, Va., Oct. 18, 2022 /PRNewswire/ — North Hill Apartments in Virginia Beach is unveiling its multi-million-dollar improvements to both the property and the resident experience. The exciting upgrades will create standout shared amenity spaces indoors and out, as well as revamped two-bedroom apartment residences that embody elevated coastal living. Biking distance to the beach and just minutes […]