Aline Capital closes $71 million in deal volume in Greenville, SC for the month of September
GREENVILLE, S.C., Oct. 6, 2022 /PRNewswire/ — Aline Capital’s Capital Markets team is pleased to announce the closing of over $71mm in deal volume in their hometown of Greenville, SC for the month of September. The deals comprised of three transactions and included both debt and equity placement. Scott Williams, JD Lehman, Sammy Lortz, and Garett Todd of the Capital Markets Team all […]
FCP Acquires 297 – Unit Multifamily Apartment Community in Raleigh, NC for $48 Million
CHEVY CHASE, Md., Oct. 6, 2022 /PRNewswire/ — FCP® announces the $48.0 million acquisition of Grand Arbor Reserve, a 297-unit vintage apartment community at 2419 Wycliff Road, blocks from I-440 in Raleigh, NC. “Grand Arbor Reserve is a well-located asset that provides residents quality housing near job centers, retail amenities and transportation corridors,” said FCP’s Michael Errichetti. Grand Arbor Reserve offers residents convenient access […]
Hudson Valley Property Group and Officials Celebrate Renovation of Corinthian Towers Affordable Housing Complex
EAST ORANGE, N.J., Oct. 6, 2022 /PRNewswire/ — Hudson Valley Property Group (HVPG), a leading, national affordable housing preservation company, announces the completion of the $57 million preservation project at Corinthian Towers, a 221-unit housing complex in the 4th Ward of East Orange, New Jersey. City of East Orange Mayor Ted R. Green, U.S. Housing and Urban Development (HUD) and New Jersey Housing and […]
Real Estate Powerhouses – RREAF Holdings, DLP Capital and 3650 REIT – Partner to Purchase $500 Million Southeast Portfolio Spanning Seven States
DALLAS, Oct. 6, 2022 /PRNewswire/ — RREAF Holdings LLC, a private real estate investment and development firm, in partnership with 3650 REIT and real estate investment and financial services firm DLP Capital, today announced the acquisition of “Southeast Multifamily Portfolio III,” with a capitalization of approximately $500 million. The portfolio includes 10 multifamily properties consisting of over 2,744 units located in Arkansas, Georgia, Indiana, Mississippi, North Carolina, Oklahoma, […]
Cove Capital Investments, a Private Equity Real Estate Sponsor Specializing in Debt Free DSTs and Other Real Estate Investment Offerings, Announces Dennis Younes has Joined the Firm as Vice President of Multitenant Acquisitions
LOS ANGELES, Oct. 5, 2022 /PRNewswire/ — Cove Capital Investments, LLC., a private equity real estate sponsor specializing in debt-free Delaware Statutory Trusts and other investment offerings, today announced it has reinforced its acquisitions team by hiring Dennis Younes as Vice President of multitenant acquisitions for the California-based firm. As Vice President, Younes will lead Cove Capital’s multitenant acquisition efforts […]
Waxpool Apartments – New Building Most Energy Efficient in Loudoun
ASHBURN, Va., Oct. 4, 2022 /PRNewswire/ — On Friday, October 7th, Loudoun-based Good Works and Maryland-based Green Street Housing celebrate the ground breaking for Waxpool Apartments, 52 new units of attainable housing located at the corner of Waxpool Road and Ashburn Village Blvd, within a one mile walk to the new Ashburn Metrorail Station. With a total development cost of $21.8 […]
Novak Brothers to Break Ground on Multifamily Project in Wolf Lakes Village
GEORGETOWN, Texas, Oct. 3, 2022 /PRNewswire/ — Novak Brothers Development announces breaking ground on a 12-acre parcel located inside of the new, master development Wolf Lakes Village in Georgetown, Texas. Construction begins this week on Rise510, a 301-unit, luxury, multifamily Novak community with completion expected summer of 2024. The development will feature first-class amenities on site, such as tuck-under private […]
Red Summit Partners Closes 6th Texas Acquisition
DALLAS, Oct. 14, 2022 /PRNewswire/ — Amid one of the most challenging market environments in years, multifamily investment firm Red Summit Partners has closed on Station 3700, a 321-unit apartment complex located in Euless, Texas. The property was built in 2000 and is located within walking distance of the new American Airlines world headquarters campus. Red Summit plans […]
Civitas Capital and Shelter Companies Break Ground on Uniti Montrose in Culture of Houston
HOUSTON, Sept. 29, 2022 /PRNewswire/ — Civitas Capital Group, through its residential development subsidiary The Shelter Companies, is developing a 238-unit, 381-bed residential multifamily project on approximately 1.09 acres in Houston’s thriving Montrose district. The development, UNITi Montrose, will provide attainable rental housing in one of the most expensive and desirable submarkets of Houston through a unique blend of co-living, shared common […]
Elm Tree Communities Announces Commencement of Leasing at Blueway Commons in Haddam, Connecticut
OLD SAYBROOK, Conn., Sept. 29, 2022 /PRNewswire/ — Elm Tree Communities today announced the commencement of residential leasing at Blueway Commons, a luxury, 56-unit multifamily community in Haddam, Connecticut, consisting of three garden-style residential buildings and a state-of-the-art resident clubhouse. “We are so pleased to have Alexis Lissabet leading our leasing efforts at Blueway Commons,” said Jeff Hartmann, the founder and CEO […]