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 […]
Warwick Consolidates Mayfair Collection with Green Street Portfolio Addition
LONDON , June 29, 2022 — Warwick Investment Group has acquired two freehold buildings on Green Street to increase its footprint in Mayfair and further expand the size of its rental portfolio across Central London. This completes a very busy 12 months for the US private equity firm as they continue to consolidate unbroken freehold investment blocks across […]
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 […]
Aventon Companies Begins Work on Its Second Apartment Community in Jacksonville
JACKSONVILLE, Fla., June 27, 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 newest luxury apartment community in Florida. Aventon JAX South will be a 360-unit, Class A, multifamily development located within the booming Jacksonville metropolitan area. Spanning over 21 acres, Aventon JAX […]
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 […]