The District of Columbia Housing Finance Agency Commits to Preserving Affordable Housing at 202-Unit The Villages of East River
WASHINGTON, DC – The District of Columbia Housing Finance Agency (DCHFA) has financed the rehabilitation of 202 affordable apartments at scattered sites across Wards 7 and 8. DCHFA issued $43.1 million in tax exempt bonds for the acquisition and rehabilitation of this 16-building community formerly known as WDC 1 which spans Anacostia, Marshall Heights and […]
Thompson Thrift Completes Disposition of Newly Built 320-Unit The Grove Apartment Community in Grand Rapids, Michigan
GRAND RAPIDS, MI – Thompson Thrift, a full-service nationally recognized real estate company, announced the sale of The Grove, a 320-unit Class A multifamily community in Grand Rapids. A private real estate investment firm purchased the community for an undisclosed amount. “Our team at Thompson Thrift is proud to have developed a top-notch community where […]
OXFORD CAPITAL GROUP, LLC, HUNTER PASTEUR, AND THE FORBES COMPANY ANNOUNCE TOPPING OFF FOR NEW PERENNIAL CORKTOWN APARTMENT BUILDING & TOWNHOMES AND FIRST RETAIL LEASE SIGNING
Set to open in November, the housing, parking, and retail development starts pre-leasing for apartments and townhomes this Spring DETROIT, March 20, 2023 — The partnership of Oxford Capital Group, LLC, Hunter Pasteur, and The Forbes Company announces the topping off of the multi-family project, Perennial Corktown in Detroit, Michigan. The community will begin pre-leasing apartment units in Spring 2023. The project includes the […]
Security Properties Closes its Sixth Co-GP Multifamily Real Estate Fund
SEATTLE, March 21, 2023 — Security Properties completed its final Capital Call for Security Properties Multifamily Fund VI (“Fund VI”), a $200 million moderately leveraged, geographically diversified private equity real estate fund that invested primarily in institutional joint ventures as the General Partner. The structure of these investments afforded Fund VI members an opportunity to participate in shared […]
Fairstead Announces $25 Million Renovation Plan for 324-Unit Coppertree Village Affordable Community in Acres Homes Neighborhood
HOUSTON, TX – Fairstead, Houston Mayor Sylvester Turner, City Council Member Tarsha Jackson, and partners announced a $25 million renovation at Coppertree Village Apartments, a fully affordable community located in the Acres Homes neighborhood of Houston, Texas. Fairstead – a purpose-driven vertically integrated real estate company – developed a comprehensive plan of improvements that will […]
Capital Square Acquires Newly Constructed Ashford Townes Build-for-Rent Townhome Community in Affluent Raleigh Submarket
RALEIGH, NC – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced the acquisition of Ashford Townes, a 74-unit newly constructed build-for-rent townhome community in the affluent Raleigh suburb of Fuquay-Varina, North Carolina. The community was acquired on behalf of CS1031 Ashford Townes […]
Canyon Partners Provides $14.8 Million Preferred Equity Investment for 266-Unit Multifamily Development in South Carolina
INDIAN LAND, SC – Canyon Partners Real Estate announced that it has provided a $14.8 million preferred equity investment in a joint venture with The Widewaters Group for the development of Parkstone at Indian Land, a Class-A, 266-unit, garden style residential community in Indian Land, S.C. Widewaters will lead development of the community, which is […]
The Bascom Group Acquires 230-Unit Avenida Lakewood Active Adult Apartment Community in West Denver Submarket of Lakewood
IRVINE, CA – The Bascom Group in partnership with Artemis Real Estate Partners has acquired Avenida Lakewood, a 230-unit Active Adult (55+) apartment community located at 11001 West 15th Place in Lakewood, Colorado. The Class A property marks Bascom’s 36th multifamily acquisition in Colorado. Ryan Maconachy and Courtney Crowder at Newmark brokered the transaction. Brian […]
Sunrise Senior Living Breaks Ground on Its First Community in Miami Metropolitan Market with 94-Unit Sunrise of Coral Gables
CORAL GABLES, FL – Sunrise Senior Living, an industry pioneer and leading provider of senior living and housing services, announces the groundbreaking of its first senior living community in the Miami-metro area, Sunrise of Coral Gables. Sunrise’s personalized approach has become a gold standard for the senior living industry throughout its more than 40-year history. […]
Hunt Companies to Develop Luxury Multifamily Project – The Caroline Eastside Apartments, in Richardson, TX
EL PASO, Texas — Hunt Companies, Inc. (Hunt) today announced that it is developing a 384-unit, Class-A apartment building in Richardson, Texas, scheduled for early 2025 move-ins. The Caroline Eastside Apartments is being developed by Hunt with Walker Dunlop serving as lender. The building was designed by HEDK Architects and construction will be led by KWA Construction. ZRS Management will […]