Walker & Dunlop Structures co-GP Venture for Build-for-Rent Development Portfolio
BETHESDA, Md., July 21, 2022 — Walker & Dunlop, Inc. announced today that it structured a programmatic joint venture partnership for Perch, a portfolio of build-for-rent (BFR) housing developments. Walker & Dunlop’s team, led by Heather McClure, advised its client, Good + West, in identifying a co-general partner that will provide both funds and support as they execute this business […]
Mag Mile Capital Announces $21.3 Million Loan Closing for the New Construction and Development of Multifamily Apartments in Chaska, MN.
MINNEAPOLIS, July 21, 2022 — Mag Mile Capital proudly announced that Cody Harper, VP of Originations, and Matt Weilgus, SVP and Head of Originations have closed a $21.3 million, ten-year, construction-to-permanent loan to build Clover Ridge Apartments, a four-story, 122-unit apartment building above one subterranean parking garage level located west of Clover Ridge Drive, south of Pioneer Trail, and northly adjacent […]
Walker & Dunlop Completes $92 Million Sale of Luxury Multifamily Community in Miami’s Burgeoning East Little Havana Neighborhood
BETHESDA, Md., June 30, 2022 — Walker & Dunlop, Inc. announced today that it facilitated the $92,000,000 sale of First Apartments, a luxury mid-rise apartment community ideally situated less than one mile from both Downtown Miami and Brickell in up-and-coming East Little Havana. Completed in late 2021, the community reached 90% occupancy by January 2022, reflecting an extraordinary initial leasing velocity of nearly […]
Embrey to Expand Single-Family Rental Portfolio with Collection Champions Circle
SAN ANTONIO, June 30, 2022 — Embrey has closed on land for the company’s second single-family rental development project, Collection Champions Circle. Located in Fort Worth, Texas, the 22.9-acre property will feature 276 one- two- and three-bedroom duplex-style homes. Collection Champions Circle will be a master-planned community that provides the privacy and neighborhood feel of a single-family […]
Estrella at Kiest Affordable Housing Development by ZNE Capital and LeavenWealth closes on $3.0M Equity Investment from American South Fund Management
DALLAS, June 29, 2022 — Funding has closed on the acquisition/renovation of Estrella at Kiest, a 232-unit apartment community in Dallas, Texas. The $35.2M project will be owned and operated by ZNE Capital and LeavenWealth. This is the first multifamily investment in Dallas for American South Fund Management (ASFM), a partnership between SDS Capital Group and Vintage Realty Company. Post renovation, all 232 apartment units will […]
Orion Real Estate Partners Acquires 180-Unit Value-Add Apartment Complex in San Antonio, Texas
SAN ANTONIO, June 28, 2022 — Los Angeles-based Orion Real Estate Partners (“Orion”) announced today that it has acquired Remington Ranch, a garden-style apartment community in San Antonio, Texas. Orion purchased the 180-unit apartment community in June 2022 and plans to invest approximately $2.6mm in interior and exterior improvements. The Property sits on an expansive 7.4-acre site, with ample amenities including a […]
Michael Muller of Eastern Union Secures $83.8 Million in Financing for Two Multifamily Properties in Amherst, MA Area
Michael Muller of Eastern Union Secures $83.8 Million in Financing for Two Multifamily Properties in Amherst, MA Area NEW YORK, June 23, 2022 — Michael Muller, a senior managing director with Eastern Union, has arranged a total of $83.8 million in financing in support of The Boulders, a 256-unit, multifamily property in Amherst, MA, and Cliffside Apartments, a 280-unit property […]
Embrey Closes on Land Purchase For Luxury Multifamily Residences in Lakewood, CO
Embrey Closes on Land Purchase For Luxury Multifamily Residences in Lakewood, CO LAKEWOOD, Colo. , June 21, 2022 — Embrey has closed on the land purchase for Bel Aire, a 354-unit multifamily residential community located near Denver’s 40 West Arts District. About nine miles west of Denver, Bel Aire’s mid-century modern inspired architecture and interiors come equipped with two top floor […]
Aventon Companies Begins Construction on Luxury Apartment Community in Cary
Aventon Companies Begins Construction on Luxury Apartment Community in Cary CARY, N.C., June 20, 2022 — Aventon Companies, a prominent, vertically integrated multi-family developer with active projects throughout the mid-Atlantic and Southeast, announced it has broken ground on its second apartment community within the Raleigh-Durham–Chapel Hill metropolitan market. Aventon Kit Creek, located in the town of Cary, will be a […]
Embrey Closes on Land Purchase in Charlotte’s Lower South End
Embrey Closes on Land Purchase in Charlotte’s Lower South End SAN ANTONIO , June 16, 2022 — Embrey, a diversified real estate investment company based in San Antonio, has closed on a five-parcel assemblage totaling 4.5 acres of land in Charlotte, North Carolina. The firm plans to construct Southerly at LoSo, a high-end, 403-unit luxury apartment community, in the popular […]