WNC Fund 53 Raised $153 Million in Institutional LIHTC Equity to Develop and Renovate Over 1,300 Affordable Housing Units

IRVINE, Calif., Sept. 16, 2022 /PRNewswire/ — WNC, a leading provider of investment, asset management and development services in the affordable housing industry, announced today it has closed WNC Institutional Tax Credit Fund 53, L.P. (Corp 53), a low-income housing tax credit (LIHTC) fund totaling $153.4 million in equity. Corp 53 raised the $153.4 million in equity from a total of nine […]

Harbor Group International Acquires Multifamily Property in Phoenix

PHOENIX, Sept. 15, 2022 /PRNewswire/ — Affiliates of Harbor Group International, LLC (“HGI”), a privately owned international real estate investment and management firm, today announced the acquisition of the Colter Park Apartments, a 384-unit multifamily property located in Phoenix, Ariz., for $80.75 million. Steven Vegh of Westwood Realty Associates brokered the off market transaction. Northmarq arranged a Freddie Mac senior […]

JBM Sells The Point at Bella Grove – Apartments in Sarasota, Florida

ST. PETERSBURG, Fla., Sept. 16, 2022 /PRNewswire/ — JBM® Institutional Multifamily Advisors brokers the sale of The Point at Bella Grove – a Class A, 180-unit, mid-rise style, multifamily community. Built in 2017, the Property sits on a 9.55 acre +/- site. Comprised of six residential buildings, two of which are four-story, elevator-serviced, the Property features a range […]

Cove Capital Investments Acquires Value-Add Multifamily Community in Growing Dallas Fort-Worth, Texas Neighborhood for Its Cove Multifamily 59 DST

The acquisition represents another Texas multifamily purchase by Cove Capital as it continues to build a portfolio of debt-free multifamily offerings for accredited investors seeking Delaware Statutory Trust 1031 Exchange or Direct-Cash real estate Investments LOS ANGELES, Sept. 16, 2022 /PRNewswire/ — Cove Capital Investments, LLC, a DST Sponsor Company specializing in debt-free Delaware Statutory Trusts (DSTs) and other […]

Wood Partners Breaks Ground on 18-Acre Wooded Site Outside Portland: Alta Amberglen

HILLSBORO, Ore., Sept. 15, 2022 /PRNewswire/ — Leading national multifamily real estate developer Wood Partners today announced the official groundbreaking of the company’s latest luxury residential community, Alta Amberglen, located just west of Portland in Hillsboro, Oregon. With construction of the project now underway, the community is scheduled to officially open in 2024. Located at the intersection of NE Eckert […]

Ashland Greene Capital’s Strong Push in DFW Metroplex Continues with New Fund V – Its First 506(c)

DALLAS, Sept. 14, 2022 /PRNewswire/ — Ashland Greene Capital, a Dallas-based multifamily real estate investment firm, has announced its first 506(c) fund as it continues to grow its portfolio. Ashland Greene is a vertically integrated real estate company that currently owns and operates $1 billion of assets in more than 5,100 units in the Dallas-Fort Worth metroplex. Previously […]

Sentral Brings Innovative Flexible Living Concept to Denver’s Historic River North District in 2023

DENVER, Sept. 13, 2022 /PRNewswire/ — Sentral, the modern property management company innovating flexible living communities throughout the United States, today announced its newest collaboration with OliverBuchananGroup (OBG): Sentral RiNo, located in Denver’s River North District. Sentral RiNo will commence construction in 2023 and represents the first project undertaken as part of an exclusive partnership with OliverBuchananGroup that will develop new neighborhood-defining, multifamily communities […]

TerraCap Management Acquires 337-Unit Apartment Complex in Austin MSA

CEDAR PARK, Texas, Sept. 12, 2022 — TerraCap Management LLC, a privately held investment firm with its headquarters in Naples, Florida, announced today the acquisition of Latitude at Presidio, a 2017-built, 337-unit apartment complex located in the Cedar Park suburb of Austin, TX. Steve Hagenbuckle, TerraCap Founder and Managing Partner, said, “Our team has been evaluating Austin, TX for the right quality […]

Fannie Mae Priced $604 Million Multifamily DUS REMIC (FNA 2022-M13) Under Its GeMS Program

WASHINGTON, Sept. 14, 2022 /PRNewswire/ — Fannie Mae ( OTCQB: FNMA) priced a $604 million Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on September 8, 2022. FNA 2022-M13 marks the seventh Fannie Mae GeMS issuance of 2022. “The new issue market was crowded last week following the summer holidays, so we were pleased that investors […]

Madison Communities breaks ground on Madison Watergrass in Suburban Tampa, FL.

CHARLOTTE, N.C., Sept. 9, 2022 — Madison Communities, an affiliate of Madison Capital Group, has recently broken ground on 288 units located in Wesley Chapel in Suburban Tampa, FL. Located in the Crossroads area, the community will be called Madison Watergrass and construction will begin in September. Madison Watergrass will feature 288 units incorporated into 8 buildings (4 & 2 […]