Multifamily Investor Hamilton Zanze Acquires Community in Phoenix
PHOENIX, March 9, 2023 — San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 296-unit Springs at Deer Valley apartment community in Phoenix. The purchase marks the firm’s seventh property in their current portfolio in the state of Arizona. The community will be rebranded as the Ironwood at Happy Valley apartments. The property was marketed by Walker & Dunlop’s investment sales […]
Landmark Properties to Develop Purpose-Built Residential Community to Serve University of Southern California Students
ATHENS, Ga., March 8, 2023 — Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management, and operation of high-quality residential communities, announces plans to develop a second student apartment community in the Los Angeles market. Construction is scheduled to begin by the end of 2023 on the 435-unit community located 0.3 miles from The University of […]
JBM® Exclusively Lists Progress Village Apartments in Tampa
ST. PETERSBURG, Fla., March 1, 2023 — JBM® Institutional Multifamily Advisors has exclusively listed Progress Village – a Class A multifamily community in Tampa, Florida. Seller is Orlando-based developer, MMI Development. In addition to its superb product, Progress Village features attractive, assumable debt at a 3.47% interest rate with more than 3.5 years of interest-only payments remaining. This allows potential […]
Hamilton Zanze Sells Two Properties in Hartford
MIDDLETOWN, Conn., March 1, 2023 — San Francisco-based real estate investment firm Hamilton Zanze is pleased to announce the sale of Middletown Brooke and Middletown Ridge Apartments in the desirable Southeast Hartford/Middlesex County submarket of Hartford, Connecticut. The firm purchased the portfolio of two properties in March 2018 and the sale closed on February 27, 2023. During their ownership, Hamilton Zanze completed many successful renovations focused on making […]
Gray Capital Acquires 154-Unit Apartment Property Echo Park, the Fourth Asset in $100M Multifamily Fund
INDIANAPOLIS, Feb. 23, 2023 — Real estate private equity firm Gray Capital has closed on their acquisition of Echo Park Apartments, a 154-unit luxury multifamily apartment community located in Bloomington, IN. Gray Capital’s business plan includes a core-plus strategy to improve onsite management and significantly reduce expenses through efficiencies with other Bloomington multifamily assets. Gray Capital’s property management company, […]
ITEX UNVEILS “THE ARONSON” A CINEMA-INSPIRED MIXED-USE DEVELOPMENT IN NW ARKANSAS
“A Real Blockbuster of a Neighborhood” to feature 214 rental homes; anchored by Alamo Drafthouse Cinema + Drive-In FAYETTEVILLE, Ark., Feb. 22, 2023 — Premiering in 2024, The Aronson, a much-buzzed-about multifamily, entertainment and retail destination will throw open its doors to Fayetteville and Northwest Arkansas. Starring over two hundred of the regions’ most desirable rental homes, this unique mixed use […]
CMCT Executes Strategy to Grow Multifamily Portfolio with Acquisition of Three Apartment Communities Totaling 696-Units in California
DALLAS, TX – CMCT announced that it is expanding its multifamily portfolio with the planned addition of 696 apartment units across three assets. The acquisitions advance CMCT’s strategy to focus the portfolio on highly amenitized premier multifamily and creative office assets in dynamic, high barrier to entry markets. CMCT intends to acquire an interest in […]
Orion Real Estate Partners Closes Third Utah Acquisition with 144-Unit Lakeside Village Active Adult Community in Salt Lake City
SALT LAKE CITY, UT – Los Angeles-based Orion Real Estate Partners announced that it has acquired Lakeside Village, an active adult multifamily community in Salt Lake City, Utah. Lakeside Village enjoys picturesque views of the Wasatch Mountains and sits on a 7.7-acre site with desirable amenities including a clubhouse, community pond, resident garden and outdoor […]
Tech-First Hospitality Brand Mint House to Launch 100 Apartment-Style Units in Thriving Edge District of St. Petersburg, Florida
ST PETERSBURG, FL – Mint House, the premier tech-enabled residential hospitality brand offering spacious, high end apartment-style accommodations across the U.S., announced the impending opening of Mint House at Metro St. Petersburg in St. Petersburg, Florida in Spring 2023. The newly constructed residential hospitality property – fully operated by Mint House – will offer 100 […]
Landmark Properties Expands into Minnesota with The Standard at Dinkytown Luxury Student Housing Community in Minneapolis
MINNEAPOLIS, MI – Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management and operation of high-quality residential communities, announced its first development in Minnesota in a prime commercial district of Minneapolis. The Standard at Dinkytown is a 1,021-bed community within walking distance to the University of Minnesota (UM) in the heart […]