Penzance Completes Strategic Multifamily Acquisitions Across Virginia And The Carolinas
Penzance closed a significant fourth-quarter acquisition program, purchasing approximately $200 million in multifamily and residential assets totaling about 1,100 units and more than 1.2 million square feet across Virginia and the Carolinas. The four-asset portfolio targets markets with employment drivers and constrained new supply, and includes stabilized communities acquired below replacement cost alongside a build-to-rent […]
Aventine Development and Seawood Builders Break Ground on Arbor House Luxury Multifamily in Palm Beach Gardens
Aventine Development and Seawood Builders marked the groundbreaking on Phase I of Arbor House in Palm Beach Gardens, a new luxury multifamily community designed to combine traditional design cues with modern, amenity-forward living. Phase I will deliver a 13-story tower with 302 units ranging from studios to three-bedroom apartments. The building includes an attached garage […]
MG Properties Acquires Dylan Point Loma Apartments in San Diego
MG Properties, a San Diego–based multifamily real estate investment firm, has acquired Dylan Point Loma Apartments, a multifamily community located in the Point Loma neighborhood of San Diego. Dylan Point Loma sits within one of San Diego’s coastal submarkets and provides residents with proximity to major employment centers, beaches, dining, and entertainment. The community offers […]
Bascom Northwest Sells Tempo at Riverpark Apartments to Hines for One Hundred Five Million
Bascom Northwest Ventures announced the sale of Tempo at Riverpark Apartments to a venture led by Hines for $105,000,000. The 235-unit, class A suburban community is located in Oxnard, California, less than a mile from the Pacific Ocean and within an hour’s drive of Downtown Los Angeles. Bascom Value Added Apartment Investors Fund IV, an […]
Lincoln Avenue Communities Breaks Ground on NSA East Bank Adaptive Reuse to Deliver Two Hundred Ninety Four Affordable Apartments and Thirty Thousand Square Feet of Ground Floor Retail in Bywater
Lincoln Avenue Communities has broken ground on NSA East Bank Apartments, an adaptive-reuse project converting a decommissioned naval complex into 294 affordable apartments and 30,000 square feet of ground-floor retail in New Orleans’ Bywater neighborhood. The development will anchor a larger rehabilitation of the Naval Support Activity complex, which has been vacant since 2011, and […]
NRP Group Completes Thrive on Crawford Sixty Seven Unit Mixed Income Health and Housing Community in Fort Worth
The NRP Group has completed Thrive on Crawford, a 67-unit mixed-income community in Fort Worth that integrates housing and health services. The majority of homes are reserved for families earning 30, 50 and 60 percent of Area Median Income, with seven market-rate units included. The development also includes 2,200 square feet of Class-A commercial space […]