MG Properties Expands Arizona Portfolio with $107 Million Multifamily Deal
SAN DIEGO, Aug. 31, 2022 /PRNewswire/ — MG Properties, a private San Diego-based real estate investor, owner, and operator has purchased 2150 Arizona Ave South Apartments l for $107 million. Rebranded as 2150 Apartments, this Chandler submarket of Phoenix boasts some of the most robust multifamily fundamentals in the metro due to its proximity to multiple job corridors, one of Arizona’s top school systems, award-winning […]
The Community Preservation Corporation Invests Over $1 Billion in Housing and Community Development Nationwide
NEW YORK, Aug. 22, 2022 /PRNewswire/ — The Community Preservation Corporation (CPC) announced that it had deployed over $1 billion in capital to support affordable and workforce housing and community development projects during a record-breaking 2022 fiscal year that ran from July 1, 2021 through June 30, 2022. CPC’s work across its construction and permanent lending, mortgage lending, and equity investing platforms and through […]
Cove Capital Investments Purchases Highly Sought-After Net Lease Distribution Center for Debt-Free Delaware Statutory Trust Offering in Rochester, NY
LOS ANGELES, Aug. 19, 2022 /PRNewswire/ — Cove Capital Investments, LLC, a private equity real estate firm and DST sponsor company that specializes in providing accredited investors access to unlevered/debt-free investment options for their 1031 exchange and direct cash investments, announced it has completed the acquisition of a 100% occupied logistics/distribution facility in the Rochester, NY area. The new […]
Argyle Real Estate Partners and Sembler Investments Form Partnership to Acquire $1.5B in Multifamily Real Estate
TAMPA, Fla., Aug. 23, 2022 /PRNewswire/ — Argyle Real Estate Partners and Sembler Investments have partnered together to form a new multifamily focused investment venture. The Partnership plans to acquire over $1.5 billion of apartments in the Southeast and Texas during the next 2-3 years. Argyle Real Estate Partners, led by industry veteran Ryan Reyes, will target core-plus and value add opportunities […]
Lion Real Estate Group Closes LREG Multifamily Fund II with Over $200 Million in Commitments
LREG Multifamily Fund II, LP Will Continue Lion’s Strategy of Investing in Value-Add Multifamily Assets Throughout the Sunbelt 60% of New Fund’s Capital Already Allocated DALLAS, Aug. 25, 2022 /PRNewswire/ — Lion Real Estate Group, LLC (“LREG”), a real estate investment and asset management firm focused on acquiring value-add and opportunistic multifamily properties, today announced the closing […]
Castle Lanterra Multifamily Achieves Remarkable Success with Sale of Two Residential Properties in Corpus Christi, TX
National Real Estate Investment Firm Announces Robust IRR as Capital Improvements, Hands-On Management Create Exceptional Value CORPUS CHRISTI, Texas, Aug. 15, 2022 — Castle Lanterra Multifamily, a division of Castle Lanterra, a New York-based national real estate investment firm, today announced the sale of two prominent residential communities in Corpus Christi, TX that provided a strong Internal Rate of […]
Harbor Associates Completes Lease-Up on Bungalows Del Mar Office in Del Mar, California Despite the Pandemic and Work from Home Trend
LONG BEACH, Calif., Aug. 12, 2022 — Harbor Associates, LLC (“Harbor”) has completed the lease up on the Bungalows Del Mar Office despite the pandemic and work from home trends that have slowed traditional office leasing. The Bungalows Del Mar Office is a 39,537-square-foot trend setting low-rise office building in the highly desirable coastal San Diego submarket of Del Mar. Harbor vacated the […]
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 […]
37th Parallel Properties Announces Recent Closing of 344-Unit Asset in Fort Worth, TX
RICHMOND, Va., Aug. 10, 2022 — 37th Parallel Properties (“37th Parallel”), a Richmond, VA-based multifamily real estate investment firm, is pleased to announce the recent acquisition of The Heights of Cityview, a 344-unit, 1998-built multifamily asset located in Fort Worth, Texas on behalf of their investors and joint venture partners. This marks the firm’s seventh (7) acquisition in the Dallas-Fort Worth metro and […]
Eastern Union Closes on $54 Million in Financing for Three-Site, 628-Unit Multifamily Portfolio in Indianapolis
Michael Muller Brokers Ten-Year Mortgage on City’s East Side, Site of Rapid Industrial Growth NEW YORK, Aug. 11, 2022 — Michael Muller, a senior managing director with Eastern Union, has arranged $54,027,000 in financing toward the acquisition of a three-property, multifamily portfolio on the East Side of Indianapolis, an area of brisk industrial growth. The portfolio’s combined apartment count equals 628 […]