Genesis and CredHub launch partnership to help the Multifamily Industry with collections

The combination of rental credit reporting and debt collection services provide a powerful way for Property Managers to lower payment delinquency. SPOKANE, Wash., Aug. 16, 2022 — Columbia Debt Recovery (dba Genesis) and CredHub announce collaboration to increase ease of access for the nations’ Multi-Family Providers when it comes to submitting tenant payments, or missed payments to the credit bureaus, and if necessary, directly to collections. Genesis and CredHub are combining their credit reporting and debt collection services to help Property

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Castle Lanterra Multifamily Achieves Remarkable Success with Sale of Two Residential Properties in Corpus Christi, TX

National Real Estate Investment Firm Announces Robust IRR as Capital Improvements, Hands-On Management Create Exceptional Value CORPUS CHRISTI, Texas, Aug. 15, 2022 — Castle Lanterra Multifamily, a division of Castle Lanterra, a New York-based national real estate investment firm, today announced the sale of two prominent residential communities in Corpus Christi, TX that provided a strong Internal Rate of Return (IRR) for the firm. Castle Lanterra Multifamily recently sold Azure at 7221 South Staples Street and Baypoint Apartments at 1802 Ennis Joslin Road, which

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Harbor Associates Completes Lease-Up on Bungalows Del Mar Office in Del Mar, California Despite the Pandemic and Work from Home Trend

LONG BEACH, Calif., Aug. 12, 2022  —  Harbor Associates, LLC (“Harbor”) has completed the lease up on the Bungalows Del Mar Office despite the pandemic and work from home trends that have slowed traditional office leasing. The Bungalows Del Mar Office is a 39,537-square-foot trend setting low-rise office building in the highly desirable coastal San Diego submarket of Del Mar. Harbor vacated the building and recently completed a major $4 million trend setting and stunning renovation. Harbor, in joint venture with the Bascom Group, LLC acquired the Del Mar office property located

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MG Properties Acquires Two Sacramento Communities in Multifamily Deal

SAN DIEGO, Aug. 11, 2022 — MG Properties Group, a private San Diego-based real estate investor and operator, is further expanding its Sacramento presence, today with the acquisition of Eleanor and H16 Midtown Apartments. The two newly combined communities are located along the 16th street corridor in the Midtown submarket of Sacramento. Each community has an attractive contemporary design where residents benefit from a robust set of common area amenities, and can easily access a variety of walkable dining and entertainment options surrounding the properties.

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37th Parallel Properties Announces Recent Closing of 344-Unit Asset in Fort Worth, TX

RICHMOND, Va., Aug. 10, 2022 — 37th Parallel Properties (“37th Parallel”), a Richmond, VA-based multifamily real estate investment firm, is pleased to announce the recent acquisition of The Heights of Cityview, a 344-unit, 1998-built multifamily asset located in Fort Worth, Texas on behalf of their investors and joint venture partners. This marks the firm’s seventh (7) acquisition in the Dallas-Fort Worth metro and twenty-seventh (27) in Texas, investing over $525 million in the state since its inception. “We are excited to expand our Dallas-Fort Worth footprint with The Heights of Cityview acquisition, an

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Eastern Union Closes on $54 Million in Financing for Three-Site, 628-Unit Multifamily Portfolio in Indianapolis

Michael Muller Brokers Ten-Year Mortgage on City’s East Side, Site of Rapid Industrial Growth NEW YORK, Aug. 11, 2022 — Michael Muller, a senior managing director with Eastern Union, has arranged $54,027,000 in financing toward the acquisition of a three-property, multifamily portfolio on the East Side of Indianapolis, an area of brisk industrial growth. The portfolio’s combined apartment count equals 628 units. Eastern Union is one of America’s largest commercial real estate brokerages. The first property in the portfolio is Lake Marina, located at 9515 Shoreland

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