Gray Capital Purchases 122-Unit Apartment Property, the First Acquisition of 100M Multifamily Fund
Gray Capital Purchases 122-Unit Apartment Property, the First Acquisition of 100M Multifamily Fund INDIANAPOLIS, June 3, 2022 — Multifamily investment firm Gray Capital has closed on Stonybrook Commons, a 122-unit apartment community located on Indianapolis’s East side, built in 1991. Gray Capital’s plans for the property include interior renovations with updated flooring and appliances as well as other modernizations […]
Agent PHL Brokers 75-Unit Investment Sale in Philadelphia for $21,338,000
Agent PHL Brokers 75-Unit Investment Sale in Philadelphia for $21,338,000 PHILADELPHIA, June 2, 2022 — On behalf of The Buyer and The Seller, Agent PHL / Compass Commercial has formally announced the sale and settlement of Kensington Courts Flats in Philadelphia, Pennsylvania. The off-market sale was brokered by Ryan McManus, Principal of Agent PHL / Compass Commercial, in […]
Embrey Closes Land Purchase in Orlando For Phase Two Multifamily Residential Project
Embrey Closes Land Purchase in Orlando For Phase Two Multifamily Residential Project ORLANDO, Fla., May 31, 2022 — Embrey has closed on the purchase of a 4-acre site in Orlando, Florida. The new development, Citron at The Packing District is located at the southwest corner of Princeton Avenue and Orange Blossom Trail in the heart of the area. […]
Aventon Companies Continues Success in the Orlando Multifamily Market with Aventon Alaira Achieving 100% Occupancy in Under Five Months
Aventon Companies Continues Success in the Orlando Multifamily Market with Aventon Alaira Achieving 100% Occupancy in Under Five Months Aventon Alaira First Occupied Last October, Stabilized this March, and Sold in May ORLANDO, Fla., June 2, 2022 — As demand within the Central Florida multifamily market continues to climb, Aventon Companies, a prominent, vertically integrated multifamily developer with active […]
Houston Multifamily Community with Significant Value-Add Potential Trades Hands via Walker & Dunlop
Houston Multifamily Community with Significant Value-Add Potential Trades Hands via Walker & Dunlop HOUSTON, June 1, 2022 — Walker & Dunlop, Inc. announced today that it completed the sale of Parc at Champion Forest, a 232-unit, garden-style apartment property located in Houston, Texas. Built in 2000, the community provides the buyer with an excellent opportunity to implement a greater value-add […]
Wood Partners Breaks Ground on Company’s First Luxury Residential Community in Worcester, Mass.–Alta on the Row
Wood Partners Breaks Ground on Company’s First Luxury Residential Community in Worcester, Mass.–Alta on the Row WORCESTER, Mass., May 31, 2022 — National multifamily real estate development leader Wood Partners today announced groundbreaking on its newest high-end residential community, Alta on the Row, marking the company’s first development in Worcester, Massachusetts. Opening of the community is slated for December […]
Essex Facilitates Sale of $9.95 Million Uptown Multifamily Asset
Essex Facilitates Sale of $9.95 Million Uptown Multifamily Asset CHICAGO, IL – May 27, 2022 — Essex Realty Group, Inc. recently facilitated the sale of 931-941 W. Carmen Ave. a 61-unit corridor style building located in Chicago’s Uptown neighborhood. The sale also included an adjacent 100-square-foot by 130-square-foot lot, currently used as a 51-car parking […]
Aventon Companies Breaks Ground on Newest Apartment Development in Orlando
Aventon Companies Breaks Ground on Newest Apartment Development in Orlando Aventon Opal will Continue to Meet the Demand for Luxury Housing in a Booming Market ORLANDO, Fla., May 20, 2022 — Aventon Companies, a prominent, vertically integrated multifamily developer with active projects throughout the mid-Atlantic and Southeast, announced it has begun construction on its fourth apartment community […]
The Stacks Breaks Ground in Buzzard Point
The Stacks Breaks Ground in Buzzard Point WASHINGTON, May 20, 2022 — Akridge and National Real Estate Development (National Development) celebrate breaking ground on Phase One of development at The Stacks. Jointly owned by Akridge, Bridge Investment Group (Bridge), Blue Coast Capital (BCC), and institutional funds managed by National Real Estate Advisors (National), the project is located in the Capitol Riverfront’s Buzzard Point neighborhood. Phase One, funded by construction […]
Embrey Expands Footprint in Austin, TX with Acquisition of Arboretum Oaks
Embrey Expands Footprint in Austin, TX with Acquisition of Arboretum Oaks SAN ANTONIO, May 17, 2022 — Embrey, a diversified real estate investment company based in San Antonio, Texas, has acquired the Arboretum Oaks apartment community. Located in Austin, Texas, the 252-unit property built in 1984, marks the first acquisition, and 25th asset that Embrey has either developed, owned, […]