MZ Capital Partners Acquires Residences at Devanshire Single-Family Rental Home Community in West Knoxville Submarket
KNOXVILLE, TN – MZ Capital Partners, expanding its Knoxville Tennessee asset footprint, has announced the purchase of the Residences at Devanshire, an 87 single family home rental community. Knoxville is one of the best rental real estate investment markets in the nation. Occupancy in the Knoxville market has ranged from 95% to 98% over the past five years. Over the last year, occupancy levels have exceeded 97%. The Knoxville occupancy rate ranked #1 among the 66 key South region markets
CORTLAND SURVEY SHOWS PET POLICIES AND PERKS BEAT OUT PRICE AND LOCATION IN HOME SEARCH
Multifamily firm releases new pet data and announces a new brand hero timed with National Pet Month. ATLANTA, May 18, 2023 — Pet policies, such as size restrictions and pet deposits, are the top consideration for apartment dwelling dog-owners nationwide when looking for a new place to live (86%) – beating out considerations like cost (82%) and location (77%). This data is among findings from a new survey by Cortland, a vertically integrated, multifamily real estate investment, development and management company that
Hamilton Zanze Sells Multifamily Community in Seattle Metro
SEATTLE, May 18, 2023 — San Francisco-based real estate investment firm Hamilton Zanze is pleased to announce the sale of Sierra Sun in Puyallup, Washington. The property is located in Puyallup’s South Hill, a popular choice for Pierce County residents. The firm purchased the community in May 2014 and the sale closed on May 15, 2023. During their ownership, Hamilton Zanze completed many successful renovations focused on making the property run more efficiently. These projects included unit renovations, landscaping, pool and spa repairs, amenity improvements, lighting enhancements, and the addition of a dog park.
Multifamily Innovation® Advisory Council Welcomes Clay Llewellyn
May 19, 2023 – SCOTTSDALE, AZ – Multifamily Leadership announced that Clay Llewellyn, Chief Operating Officer at Income Property Specialists, has joined the Multifamily Innovation® Council. The Multifamily Innovation® Advisory Council is a community of multifamily investors, developers, operators, and third-party managers dedicated to driving innovation in the industry. Llewellyn brings over 10 years of multifamily experience in operations to the council. His expertise in organizational development and effectiveness will be valuable assets to the council as it works to
GID Announces Acquisition of Garden-style Community in Miami, FL
MIAMI, May 18, 2023 — GID, a real estate owner and fiduciary that invests in multiple asset classes, has announced the acquisition of Advenir at Biscayne Shores, a garden-style community located in Miami, FL that will be rebranded as Windsor Biscayne Shores. The 240-unit community features resort-style amenities, such as a clubhouse, pool, fitness center, playground, grilling areas, and dog park. Located across the Broad Causeway (123rd Street) from the Haulover Inlet and Beach Park, which provides residents with public beach access directly on
FLEXIBLE, HOSPITALITY-DRIVEN LIVING MODEL HITS HOLLYWOOD
Sentral Opens Third Community in Los Angeles, Welcomes Two New Bay Area Communities SAN FRANCISCO, May 9, 2023 /PRNewswire/ — Sentral, the leading full-service residential hospitality company, today announced the newest addition, Sentral at Inspire Hollywood, to its expanding portfolio of innovative, flexible living communities. The property, developed by Bond Companies, is Sentral’s third community in Los Angeles. Sentral will also assume management of two new communities opening this spring in the Bay Area: The Rise Walnut Creek (1380 North California Boulevard); and The Fitzgerald (2750 19th