Fannie Mae Priced $392 Million Multifamily Social DUS REMIC (FNA 2022-M2S) Under Its GeMS Program
WASHINGTON, Nov. 3, 2022 /PRNewswire/ — Fannie Mae (OTCQB: FNMA) priced a $392 million Multifamily Social DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on October 27, 2022. FNA 2022-M2S marks the eighth Fannie Mae GeMS issuance of 2022. “We wrapped up October with the M2S, our second social GeMS of 2022,” said Dan Dresser, Senior Vice President, Multifamily […]
Insight Property Group Acquires Colvin Woods Apartments in Reston, VA
WASHINGTON, Nov. 2, 2022 /PRNewswire/ — Insight Property Group, with partner AHC Inc, has announced its acquisition of Colvin Woods Apartments, a 259-unit community on Becontree Lake Drive in Reston, VA. The community will be re-branded as Haven Reston and, in partnership with Fairfax County Redevelopment and Housing Authority, the venture will preserve all 259 units for households earning between 60% and 80% of […]
Servio Capital announces $40M acquisition of New Orleans’ California Building
NEW ORLEANS, Nov. 3, 2022 /PRNewswire/ — Servio Capital, a diversified real estate investment company with a management team of over 30 years of combined experience and innovation in the multifamily sector, is pleased to announce the $40M acquisition of New Orleans’ California Building, one of the oldest standing international style buildings in the city. This marks Servio Capital’s […]
Embrey Acquires Second Apartment Community in the Greater San Antonio Area
SAN ANTONIO , Nov. 2, 2022 /PRNewswire/ — A 252-unit multifamily property, Gardens at West in San Antonio, Texas, has been acquired by Embrey, a diversified real estate investment company. The property, built in 1995, will be rebranded to The Hayden on West Ave. The company’s nationally recognized and award-winning Embrey Management Services will take over property management. The […]
LandSouth Breaks Ground on Causeway Apartments
JACKSONVILLE, Fla., Oct. 27, 2022 /PRNewswire/ — LandSouth Construction, a Jacksonville, Fla.-based, award-winning general contractor, has broken ground on Causeway Apartments, an upscale multifamily development in Land O’Lakes, FL. Causeway Apartments is scheduled for completion in early Fall 2024 and will be located on Land O’Lakes Boulevard. “LandSouth is excited to bring Causeway Apartments to life,” shared James Pyle, LandSouth President and […]
NNG Capital Acquires $9.2M Apartment Complex In GA
DLC, Oct. 27, 2022 /PRNewswire/ — NNG Capital Fund has announced the closing of the acquisition of a 120-unit multifamily property “The Summit Apartments” in Macon, GA for over $9M. The 15-building apartment complex acquisition recently completed by NNG Capital Fund expands its footprint into new markets, as the company builds up on recession resilient and income producing assets in its […]
Lerner Acquires Parc at Gatlin Commons in Port St. Lucie, Florida
ROCKVILLE, Md., Oct. 31, 2022 /PRNewswire/ — Lerner Enterprises of Rockville, Maryland has acquired Lerner Parc at Gatlin Commons, previously Parc at Gatlin Commons, located in Port St. Lucie, Florida. This class-A multifamily garden community is comprised of 200 apartments and 5,935 square feet of luxurious amenity space in Port St. Lucie, Florida. The building spans a total of 201,000 residential square […]
Audrey Kamin Appointed Chair of USG Realty Capital’s Independent Advisory Board
SEATTLE, Nov. 1, 2022 /PRNewswire/ — USG Realty Capital, a leading investment sponsor specializing in opportunity zones, announced today that Audrey Kamin has been appointed chair of the company’s independent advisory board. Additionally, Kamin has joined the company as director of business development through her newly formed consulting firm. “Audrey is an industry colleague that I’ve known and admired […]
JBM® Sells Alvista Golden Gate Apartments – Naples, Florida
NAPLES, Fla., Oct. 27, 2022 /PRNewswire/ — JBM® Institutional Multifamily Advisors sells Alvista Golden Gate – again – for the fourth time. Located in the highly sought-after Naples market, the 200-unit property presents a tremendous proven value-add opportunity. Consisting of one and two-bedroom floorplans averaging 976 square feet, classic units make up just over half of the total unit mix. JBM® Chairman […]
Hamilton Zanze Sells Multifamily Community in Boise Metro
BOISE, Idaho, Oct. 27, 2022 /PRNewswire/ — San Francisco-based real estate investment firmH Hamilton Zanze is pleased to announce the sale of Selway Apartments in Meridian, Idaho. The firm purchased the property in 2013 and the sale closed on October 14, 2022. The sale of Selway Apartments represents the firm’s ninth disposition of 2022. “Selway was right down the fairway for […]