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 […]
Pegasus Residential Names Jackie Ware Chief Strategy Officer
Wednesday, August 10, 2022 – Alpharetta, GA – Pegasus Residential Names Jackie Ware Chief Strategy Officer Pegasus Residential is proud to announce the promotion of Jackie Ware to Chief Strategy Officer. Jackie is an experienced, dynamic leader whose contributions have been instrumental in positioning Pegasus as one of the fastest-growing property management companies in the multi-family […]
MRI Software Acquires ApartmentData.com, Houston-Based Provider Of Market Research and Data Solutions for Multifamily Properties
SOLON, Ohio, Aug. 4, 2022 — MRI Software, a global leader in real estate software, has acquired ApartmentData.com, further expanding its MRI Living™ suite of property management solutions for the multifamily market. ApartmentData.com is a Houston-based provider of market research and data solutions that enable multifamily property owners and managers to increase property values by optimizing pricing and occupancy. Founded in 1986, the […]
Security Properties Acquires Sienna Pointe in Bend, OR
SEATTLE, Aug. 4, 2022 — On July 29, 2022, Security Properties purchased Sienna Pointe, a 168-unit, Class-B multifamily community located in Bend, OR for $49,500,000. This is Security Properties’ fifth acquisition in the Bend market. Sienna Pointe is conveniently located on Bend’s eastside just a five-minute drive from Downtown. The property is situated at the base of Bend’s most iconic landmark, Pilot Butte. The 114-acre Pilot Butte State […]
Sunsail Capital and ZaneCRE Acquire 350 Unit Apartment Complex in Humble, Texas
HOUSTON, Aug. 4, 2022 — New York-based Sunsail Capital and Dallas-based ZaneCRE™ announced the joint acquisition of Sarah at Lake Houston, a garden-style community located in Humble, Texas, a premier submarket within the Houston MSA. The teams are led by Julia Bykhovskaia at Sunsail Capital, and Iqbal (Ike) Mutabanna and Dustin Howard at ZaneCRE. The Sarah at Lake Houston is a 350-unit, 2020 construction, Class A+ multifamily community […]
Valet Living and RangeWater Announce National Preferred Partnership Agreement Bringing Amenity Services to Multifamily Housing Communities Across 11 States
TAMPA, Fla., Aug. 3, 2022 — Valet Living, the only nationally recognized full-service amenities provider to the multifamily housing industry, today announced a national preferred partnership agreement with RangeWater Real Estate, an Atlanta-based firm with roughly 86,000 multifamily units across 11 states. The partnership has begun with Valet Living providing services for approximately 20,000 RangeWater units across the […]