IRVINE, Calif., May 2, 2022 — The Bascom Group, LLC (“Bascom“), in partnership with Leste Group and East Hill Capital Partners, has acquired their third deal together, a 448-unit garden style apartment community in Orlando, Florida. The Chatham Square acquisition brings the Partnership’s total investment into Florida over the past year to over $330,000,000 and 1,200 units. Accounts managed by KKR provided the debt financing for the acquisition, and Dustin Stolly, Daniel Matz, and Daniel Morin of Newmark arranged the financing. The Newmark investment sales team of Scott Ramey, Brad Downing, Ryan Moody, and Paul Grant brokered the transaction. SD-Cap will provide renovation management and Cushman and Wakefield will provide the property management. Bascom’s Tony Ferrell, Senior Principal – Operations, stated, “Chatham Square provides an exceptional value-add opportunity in the rapidly expanding Orlando market. Originally built as Disney corporate housing within the Little Lake Bryan master plan, Chatham Square offers residents spacious floorplans and abundant greenspace, characteristics that are in high demand by renters.” Located in a premier in-fill location adjacent to Walt Disney World, Chatham Square’s proximity to Interstate 4 allows for easy access to major employment, retail, dining, and entertainment centers throughout Orlando. The property is situated within a short…
Elmsford, NY & New Haven, CT – April 27, 2022 – Paredim Partners LLC (Paredim) a premier owner operator of multifamily properties in the Northeastern United States, is pleased to announce the acquisition of The Taft Apartments, a landmark apartment and commercial property located in the heart of New Haven, CT. Situated across from Yale’s Old Campus and the historic New Haven Green, this landmark 14-story building contains 194 studio, one and two-bedroom homes with commanding views of the city. The property also features several of the city’s premier restaurant and nightlife venues and with a WalkScore of 99, The Taft provides residents with the best of urban lifestyle living right at their doorstep. “We are very pleased to add The Taft to Paredim’s fantastic portfolio of New Haven apartment communities and were attracted by the outstanding Yale centric location in the middle of New Haven’s most vibrant 24/7 neighborhood” said David Parisier, Managing Director of Paredim. “We plan to return this special property to its position as the premier boutique residential property in the area and to enhance its…
NASHVILLE, Tenn., April 7, 2022 — San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 264-unit Kirkwood Place in Clarksville, Tennessee.
DALLAS, April 1, 2022 — S2 Capital, LLC (“S2”) today announced it has acquired Residences at Preston Park, a 266-unit multifamily community in Plano, Texas. S2, a national value-add multifamily investor with more than $9 billion in transaction volume, is making this investment from its fund, S2 Multifamily Value-Add Fund 1. Terms of the transaction were not disclosed.
GAINESVILLE, Fla., Feb. 24, 2022 — The Collier Companies, partnering with ApexOne Investment Partners, is proud to announce the acquisition of The Gathering at Arbor Greens, a luxurious, 255 apartment-home community located at 13514 NW 1st Lane, Newberry, FL 32669.
TUCSON, Ariz., Dec. 20, 2021 — Leading commercial real estate firms Vertical Street Ventures, Limitless Estates, and Invest in Multifamily announce the joint acquisition of Seneca Terrace Apartments in Tucson, Arizona, a 109 unit apartment complex.
IRVINE, Calif., Nov. 1, 2021 — The Bascom Group, LLC (“Bascom”) has acquired a 1988 built, 216-unit multifamily property in Las Vegas, Nevada in an off-market transaction.