Leste Group, Bascom Group & East Hill Capital Partners Expand Partnership and Presence in Florida with 448-Unit Multifamily Acquisition IRVINE, Calif., May 2, 2022 — The Bascom Group, LLC (“Bascom“), in partnership with Leste Group and East Hill Capital Partners, has acquired their third deal together, a 448-unit garden style apartment community in Orlando, Florida. The Chatham Square acquisition brings the Partnership’s total investment into Florida over the past year to over $330,000,000 and 1,200 units. Accounts managed by KKR provided the debt financing for the acquisition, and Dustin Stolly, Daniel Matz, and Daniel Morin of Newmark arranged the financing. The Newmark investment sales team of Scott Ramey, Brad Downing, Ryan Moody, and Paul Grant brokered the transaction. SD-Cap will provide renovation management and Cushman and Wakefield will provide the property management. Bascom’s Tony Ferrell, Senior Principal – Operations, stated, “Chatham Square provides an exceptional value-add opportunity in the rapidly expanding Orlando market. Originally built as Disney corporate housing within the Little Lake Bryan master plan, Chatham Square offers residents spacious floorplans and abundant greenspace, characteristics that are in high demand by renters.” Located in a premier in-fill location adjacent to Walt Disney World, Chatham Square’s proximity to Interstate 4 allows…
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Elmsford, NY & New Haven, CT – April 27, 2022 – Paredim Partners LLC (Paredim) a premier owner operator of multifamily properties in the Northeastern United States, is pleased to announce the acquisition of The Taft Apartments, a landmark apartment and commercial property located in the heart of New Haven, CT. Situated across from Yale’s Old Campus and the historic New Haven Green, this landmark 14-story building contains 194 studio, one and two-bedroom homes with commanding views of the city. The property also features several of the city’s premier restaurant and nightlife venues and with a WalkScore of 99, The Taft provides residents with the best of urban lifestyle living right at their doorstep. “We are very pleased to add The Taft to Paredim’s fantastic portfolio of New Haven apartment communities and were attracted by the outstanding Yale centric location in the middle of New Haven’s most vibrant 24/7 neighborhood” said David Parisier, Managing Director of Paredim. “We plan to return this special property to its position as the premier boutique residential property in the area and to enhance its…
FRANKLIN, Tenn., April 21, 2022 — The Harper Luxury Apartments in Franklin, Tennessee, has been sold by Embrey of San Antonio, Texas. “The Harper is part of a mixed-use, planned community being developed by SouthStar and Embrey, which are both known for developing highly desirable living and working experiences,” says Brad Knolle, Executive Vice President of Development at Embrey. “It has been a pleasure to be a part of such a well-planned horizontal mixed-use master plan and partnering with SouthStar. Every good development has a great story. This was a very complex transaction and without the collaboration of SouthStar, Gamble Design Collaborative, Kimley Horn Engineers, and HEDK Architects, The Harper could not have been developed.” The 328-unit property features luxurious interiors such as nine-foot ceilings, open floor plans, granite countertops, large islands and stainless-steel appliances in the kitchen. Community amenities include a resort-inspired pool with cabanas, an elegant clubhouse with a fireplace and a billiards room, a yoga studio and a fully equipped business center. The Harper is scheduled for substantial completion in July 2022 and the one- and two-bedroom units are now leasing. Embrey…
Leading prop-tech innovator continues its accelerated growth with the addition of Sentral Old Town, set to meet the changing lifestyle needs in Scottsdale’s high-growth rental market. SCOTTSDALE, Ariz., April 18, 2022 — Sentral, the category-defining prop-tech company building the world’s largest flexible living community, today announces the addition of its 12th community to its rapidly growing portfolio – Sentral Old Town in Scottsdale, Arizona. With more than 28 percent rent growth in Scottsdale from February 2021 to February 2022, the city’s newest flexible living community offers designer-furnished and unfurnished apartment homes with flexible lengths of stay. Sentral Old Town offers living and work spaces for those looking to experience the city like a local. Located near the intersection of Scottsdale and Camelback Roads in Downtown Scottsdale, the 160-unit property is just steps away from high-street retail shopping and the largest collection of upscale restaurants and nightlife destinations in the greater Phoenix metropolitan area. The building also offers direct access to the walking path along the Arizona Canal. “As we continue our rapid expansion across the U.S., we are focused on desirable markets welcoming an inflow of residents and visitors,” said Sentral Chief Executive Officer Jon Slavet. “Scottsdale is among the…
PORTLAND, Ore., April 8, 2022 — The Green Cities Company (Green Cities or the Firm), an investment management firm pioneering environmental and social responsibility in the real estate sector, is pleased to announce the hiring of Lauren Winkler as Senior Director of ESG.
NASHVILLE, Tenn., April 7, 2022 — San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 264-unit Kirkwood Place in Clarksville, Tennessee.
DALLAS, April 1, 2022 — S2 Capital, LLC (“S2”) today announced it has acquired Residences at Preston Park, a 266-unit multifamily community in Plano, Texas. S2, a national value-add multifamily investor with more than $9 billion in transaction volume, is making this investment from its fund, S2 Multifamily Value-Add Fund 1. Terms of the transaction were not disclosed.
CLEVELAND, March 30, 2022 — The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, today announced it has named Jennifer Baus and Rachel Johnson as principals in the firm.
Two separate transactions allow repeat Pembrook borrower to acquire and renovate a 143-unit, seven-building complex in Long Beach while recapitalizing a 109-unit portfolio in South Los Angeles
DALLAS, March 1, 2022 — Weller has appointed Tawanna “TJ” Stewart to Senior Vice President, TX, where she will be responsible for implementing the firm’s growth objectives in the State.