Unlocking Latent Value in Chicago’s Multifamily Sector: The Power of Insightful Visualisation and Compelling Presentations
Chicago, renowned for breathtaking architecture and a burgeoning multifamily real estate sector, offers significant opportunities for investors. These opportunities, however, require insightful visualization presented through a strong proposal detailing potential value addition, expected returns, and a robust execution plan. With a compelling narrative about a property's potential, investors are prompted to look beyond physical structures and unearth the latent value. As the multifamily sector evolves, stakeholders are encouraged to add their unique value to each property, thereby transforming communities and leaving a vibrant mark on city skylines.
Carter Multifamily Marks South Tampa Territory with a $57.5M Acquisition: Mode at Ballast Point Readying for Impressive Transformation
Carter Multifamily, a division of Carter Funds, has bought Mode at Ballast Point in South Tampa for $57.5 million. They plan to reposition the 276-unit, 218,592 net rentable square feet property, pledging major internal and external renovations. The property’s strategic location near retail, business hubs, healthcare institutions, and MacDill Air Force Base increases its allure. Tampa’s robust job market, with a 4.3% growth in employment year-over-year, should increase the property's renter demographics.
Jake Levow of Crowne Partners Takes Seat on Multifamily Innovation® Advisory Council
SCOTTSDALE, AZ – Multifamily Leadership is thrilled to announce the appointment of Jake Levow, Vice President and Director of Operations for Crowne Partners, to the esteemed Multifamily Innovation® Advisory Council. This council hosts multifamily industry trailblazers, innovators, and thought leaders, each offering a unique perspective to enrich industry knowledge and innovation. A proven leader in […]
Thompson Thrift to Develop 308-Unit Stella Luxury Apartment Community in Rapidly Growing Phoenix Submarket of San Tan Valley
PHOENIX, AZ – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced the development of Stella, a 308-unit, Class A multifamily community in the Phoenix suburb of San Tan Valley. Thompson Thrift plans to begin construction in June and welcome new residents beginning in late 2024. […]
Bell Partners Closes $1.3 Billion Value-Add Fund Reflecting Solid Demand for Multifamily Investment Opportunities in Strong Markets
GREENSBORO, NC – Bell Partners, one of the nation’s leading multifamily investment and property management firms, announced the final close of its Value-Add Fund VIII at a hard cap of $1.3 billion in equity commitments from a range of domestic and international investors, many of whom were existing partners in previous funds. Fund VIII will […]
Capital Square Breaks Ground on 348-Unit Livano Knoxville Apartment Community in Opportunity Zone along The Tennessee River
KNOXVILLE, TN – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced it has broken ground on Livano Knoxville, an approximately 348-unit Class A multifamily community in a qualified opportunity zone in Knoxville, Tennessee. Construction of the development is expected to be completed […]
CEP Multifamily Acquires 97-unit Regal Ridge Apartments in Spokane, WA
EVERETT, Wash., July 7, 2023 — CEP Multifamily announced their July 7, 2023, acquisition of Regal Ridge, a 97-unit market rate garden apartment community in Spokane’s desirable South Hill neighborhood. Regal Ridge is the first acquisition in Spokane for the vertically integrated Everett-based firm and grows their existing Pacific Northwest portfolio to 1,606 units, 475 of which are outside of the Puget Sound Region. […]
Agent PHL Brokers 30-Unit Development Site in Philadelphia for $3,000,000
PHILADELPHIA, July 6, 2023 — On behalf of The Seller, Agent PHL has formally announced the sale and settlement of 2400 East Venango Street in Philadelphia, Pennsylvania. The site will provide thirty (30) new residences in a marketplace starved for high-quality, attainably-priced residential housing. The sale was brokered by Ryan McManus, principal of Agent PHL— in collaboration with Rich Cassell of […]
Vessel Secures Investment from Innovation Driver Mastry Ventures and LENX for Game-Changing Mission-Driven Housing Solution
Vessel’s Next-Gen Housing Product Offers Working People, Developers, Franchisees and Host Communities a Pathway to Attainable Housing Creation and Near-Term Economic Development NEW YORK, July 6, 2023 — Vessel Technologies, Inc., a mission-driven housing product development company and franchisor that offers a high-quality, sustainable, and attainably priced housing solution, has secured Series A funding from co-lead […]
Waypoint Residential Announces Delivery of Seven New Apartment Communities Totaling 1,800-Units Across Multiple Markets in Florida
BOCA RATON, FL – Waypoint Residential, a vertically integrated multifamily developer, owner and operator, announced that it is delivering 7 new apartment projects, totaling 1,800 units, in Florida in the first half of 2023. The projects, which all contain Class A amenities and finishes, are located in markets throughout the state, including Port St. Lucie, […]