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 […]
Titan Development and Aberg Property Company Joint Venture Breaks Ground on ‘The Trailhead at Chisholm Trail Ranch,’ a Luxury Multifamily Project in Dallas-Fort Worth
Titan Development and Aberg Property Company Joint Venture Breaks Ground on ‘The Trailhead at Chisholm Trail Ranch,’ a Luxury Multifamily Project in Dallas-Fort Worth 284-unit complex in the Chisholm Trail Ranch development will offer high-end amenities and access to many employment and leisure opportunities FORT WORTH, Texas, May 31, 2022 — Titan Development (“Titan”) and Aberg Property […]
AppWork Moves in to Renovate Multifamily Maintenance
AppWork Moves in to Renovate Multifamily Maintenance AppRent has become AppWork RAMSEY, N.J., May 17, 2022 – AppRent has become AppWork! The new name better reflects its mission: To redefine multifamily maintenance with a focus on user- friendliness, advanced reporting, and comprehensive analytics. Along with a new name, AppWork also has a new logo. Yael […]
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 […]
Aegon Asset Management Closes First Deal in ESG-Centric Venture
Aegon Asset Management Closes First Deal in ESG-Centric Venture CHICAGO, May 26, 2022 — Aegon Asset Management (Aegon AM) is pleased to announce the successful completion of an equity investment for Canopy Villa Apartments, the first asset within its $600 million ESG-centric equity venture with Taurus Investment Holdings LLC (Taurus) to acquire value-add multifamily assets and considerably reduce the energy consumption and […]