FCP Acquires 297 – Unit Multifamily Apartment Community in Raleigh, NC for $48 Million
CHEVY CHASE, Md., Oct. 6, 2022 /PRNewswire/ — FCP® announces the $48.0 million acquisition of Grand Arbor Reserve, a 297-unit vintage apartment community at 2419 Wycliff Road, blocks from I-440 in Raleigh, NC. “Grand Arbor Reserve is a well-located asset that provides residents quality housing near job centers, retail amenities and transportation corridors,” said FCP’s Michael Errichetti. Grand Arbor Reserve offers residents convenient access […]
Cove Capital Investments, a Private Equity Real Estate Sponsor Specializing in Debt Free DSTs and Other Real Estate Investment Offerings, Announces Dennis Younes has Joined the Firm as Vice President of Multitenant Acquisitions
LOS ANGELES, Oct. 5, 2022 /PRNewswire/ — Cove Capital Investments, LLC., a private equity real estate sponsor specializing in debt-free Delaware Statutory Trusts and other investment offerings, today announced it has reinforced its acquisitions team by hiring Dennis Younes as Vice President of multitenant acquisitions for the California-based firm. As Vice President, Younes will lead Cove Capital’s multitenant acquisition efforts […]
Novak Brothers to Break Ground on Multifamily Project in Wolf Lakes Village
GEORGETOWN, Texas, Oct. 3, 2022 /PRNewswire/ — Novak Brothers Development announces breaking ground on a 12-acre parcel located inside of the new, master development Wolf Lakes Village in Georgetown, Texas. Construction begins this week on Rise510, a 301-unit, luxury, multifamily Novak community with completion expected summer of 2024. The development will feature first-class amenities on site, such as tuck-under private […]
Multifamily Investor Hamilton Zanze Acquires Seventh Community in Colorado Springs
COLORADO SPRINGS, Colo., Sept. 27, 2022 /PRNewswire/ — San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 264-unit Springs at Foothills Farm apartment community in Colorado Springs. The purchase marks the firm’s seventh property in their current portfolio in the Colorado Springs metro. Built in 2021, Springs at Foothills Farm is located at 1203 Affirmed View in the desirable North […]
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 […]
Wood Partners Breaks Ground on 18-Acre Wooded Site Outside Portland: Alta Amberglen
HILLSBORO, Ore., Sept. 15, 2022 /PRNewswire/ — Leading national multifamily real estate developer Wood Partners today announced the official groundbreaking of the company’s latest luxury residential community, Alta Amberglen, located just west of Portland in Hillsboro, Oregon. With construction of the project now underway, the community is scheduled to officially open in 2024. Located at the intersection of NE Eckert […]
Brazos Residential Expands Footprint in North Carolina with $41M Acquisition.
DALLAS, Sept. 1, 2022 /PRNewswire/ — Brazos Residential, LLC, a Dallas-based real estate private investment firm specializing in multifamily investments, announces the $41M acquisition of the Wilson Woods Townhomes located in Wilson, NC. The transaction marks the firm’s tenth acquisition in 2022. “Wilson Woods has an exceptionally unique story,” explains James Roberts, Managing Partner, and CofounderTweet this Constructed in 1974, Wilson […]
Groundbreaking Held for New “LOCAL Midtown” Multifamily Development in Nashville
The 307-unit project from Subtext and Brinkmann Constructors will bring modern living to popular Midtown area NASHVILLE, Tenn., Sept. 1, 2022 /PRNewswire/ — Subtext, a St. Louis-based integrated real estate development company, and Brinkmann Constructors, a St. Louis-based national general contractor, held an official groundbreaking ceremony on August 30, 2022 for LOCAL Midtown, a 15-story multifamily project in Midtown Nashville. LOCAL […]
Capital Square Acquires Multifamily Community Near Washington, D.C. for DST Offering
WASHINGTON, Aug. 22, 2022 /PRNewswire/ — Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced today the acquisition of Rivergate, a luxury 402-unit multifamily community in the Washington, D.C. suburb of Woodbridge, Virginia. The community was acquired on behalf of CS1031 Rivergate Apartments, DST. “I thought it could not get […]
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 […]