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Skanska builds mixed-use development in St. Petersburg, Florida, USA, for USD 111M, about SEK 1 billion

Multifamily Newsroom™
STOCKHOLM, Sept. 22, 2022 /PRNewswire/ — Skanska has signed a contract with Marina Club Apartments LLC to build a mixed-use building in St. Petersburg, Florida, USA. The contract is worth USD 111M, about SEK 1 billion, which will be included in the US order bookings for the third quarter 2022. The multifamily-led project will consist of an 8-story pre-cast building overlooking Boca […]

Multifamily Innovation® Announces 2022 Summit Schedule

Multifamily Newsroom™, News
Topics range from centralized leasing for multifamily portfolios, the state of multifamily technology integrations, pilot programs and new technology integrations, leasing automations, flexible rentals, and more. SCOTTSDALE, Ariz., Sept. 21, 2022 — Multifamily Innovation® announces their 2022 Summit schedule, covering the most requested and most crucial topics for operating winning, successful multifamily organizations in today’s climate. At the […]

Cantor Fitzgerald and Silverstein Properties Announce the Closing of a $176 Million Construction Loan for Astra Tower in Salt Lake City

Multifamily Newsroom™
NEW YORK, Sept. 21, 2022 /PRNewswire/ — Affiliates of Cantor Fitzgerald, L.P., (“Cantor”) a leading global financial services firm and real assets investment company, and Silverstein Properties (“Silverstein”), a leading global full-service real estate development, investment, and management firm, announce the latest closing of construction financing for an investment by Cantor Silverstein Opportunity Zone Trust, Inc.  (“CSOZ […]

Hudson Valley Property Group Closes $292 Million Affordable Housing Preservation Fund

Multifamily Newsroom™
NEW YORK, Sept. 20, 2022 /PRNewswire/ — Hudson Valley Property Group (HVPG), a leading, national affordable housing preservation company, announced today it has completed the final close for its second real estate private equity fund. HVPG raised $292,420,000 in capital commitments, $42 million more than its $250 million target, from a broad range of institutional investors, including family offices, banks, endowments, foundations, insurance […]

WNC Fund 53 Raised $153 Million in Institutional LIHTC Equity to Develop and Renovate Over 1,300 Affordable Housing Units

Multifamily Newsroom™
IRVINE, Calif., Sept. 16, 2022 /PRNewswire/ — WNC, a leading provider of investment, asset management and development services in the affordable housing industry, announced today it has closed WNC Institutional Tax Credit Fund 53, L.P. (Corp 53), a low-income housing tax credit (LIHTC) fund totaling $153.4 million in equity. Corp 53 raised the $153.4 million in equity from a total of nine […]

Harbor Group International Acquires Multifamily Property in Phoenix

Multifamily Newsroom™
PHOENIX, Sept. 15, 2022 /PRNewswire/ — Affiliates of Harbor Group International, LLC (“HGI”), a privately owned international real estate investment and management firm, today announced the acquisition of the Colter Park Apartments, a 384-unit multifamily property located in Phoenix, Ariz., for $80.75 million. Steven Vegh of Westwood Realty Associates brokered the off market transaction. Northmarq arranged a Freddie Mac senior […]

JBM Sells The Point at Bella Grove – Apartments in Sarasota, Florida

Multifamily Newsroom™
ST. PETERSBURG, Fla., Sept. 16, 2022 /PRNewswire/ — JBM® Institutional Multifamily Advisors brokers the sale of The Point at Bella Grove – a Class A, 180-unit, mid-rise style, multifamily community. Built in 2017, the Property sits on a 9.55 acre +/- site. Comprised of six residential buildings, two of which are four-story, elevator-serviced, the Property features a range […]

Cove Capital Investments Acquires Value-Add Multifamily Community in Growing Dallas Fort-Worth, Texas Neighborhood for Its Cove Multifamily 59 DST

Multifamily Newsroom™
The acquisition represents another Texas multifamily purchase by Cove Capital as it continues to build a portfolio of debt-free multifamily offerings for accredited investors seeking Delaware Statutory Trust 1031 Exchange or Direct-Cash real estate Investments LOS ANGELES, Sept. 16, 2022 /PRNewswire/ — Cove Capital Investments, LLC, a DST Sponsor Company specializing in debt-free Delaware Statutory Trusts (DSTs) and other […]

Wood Partners Breaks Ground on 18-Acre Wooded Site Outside Portland: Alta Amberglen

Multifamily Newsroom™
HILLSBORO, Ore., Sept. 15, 2022 /PRNewswire/ — Leading national multifamily real estate developer Wood Partners today announced the official groundbreaking of the company’s latest luxury residential community, Alta Amberglen, located just west of Portland in Hillsboro, Oregon. With construction of the project now underway, the community is scheduled to officially open in 2024. Located at the intersection of NE Eckert […]