Hudson Valley Property Group Closes $292 Million Affordable Housing Preservation Fund
NEW YORK, Sept. 20, 2022 /PRNewswire/ — Hudson Valley Property Group (HVPG), a leading, national affordable housing preservation company, announced today it has completed the final close for its second real estate private equity fund. HVPG raised $292,420,000 in capital commitments, $42 million more than its $250 million target, from a broad range of institutional investors, including family offices, banks, endowments, foundations, insurance […]
Finding Your Voice and Leading with Empathy and Confidence
Christina Robinson Race is the Vice President of Solutions at Southwest Utility Solutions and has a diverse background in and out of the multifamily industry. She has been integral in managing $15 million (and bigger) deals and relationships in her 25 years of experience in the industry. Southwest Utility Solutions builds custom utility programs for […]
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 […]