Lincoln Avenue Communities Opens Leon Creek Flats Affordable Housing Community in San Antonio
Lincoln Avenue Communities (LAC) held a grand opening this month for Leon Creek Flats, a new 308-unit affordable housing community in San Antonio, Texas. The ceremony brought together local business leaders, community officials and LAC leaders to mark the developer’s first ground-up affordable housing project in Texas. Leon Creek Flats offers a mix of one, […]Sagard Real Estate Expands Pacific Northwest Footprint With Monroe Workforce Multifamily Acquisition
Sagard Real Estate (SRE), a U.S.-based real estate investment advisor and subsidiary of global asset manager Sagard, has acquired 18463 Blueberry Lane, a 222-unit garden-style multifamily community in Monroe, Washington, within the greater Seattle metropolitan area. The purchase was made on behalf of Sagard Real Estate’s recently launched core-plus open-end fund, which targets seaport and […]The Statesman at Horseshoe Bay Breaks Ground for Luxury Senior Living Community
Falcon Senior Housing and SilverPoint Senior Living have broken ground on The Statesman at Horseshoe Bay, a $108 million senior living community located on Falcon Tract within the SilverRock master community in Horseshoe Bay, Texas. The ceremonial groundbreaking marks the public introduction of the project name under which the development will be marketed, sold, and […]Hudson Valley Property Group Acquires Mosa Apartment Homes in Elk Grove California
Hudson Valley Property Group (HVPG) has acquired Mosa Apartment Homes, a newly completed 387-unit affordable multifamily community at 10149 Bruceville Road in Elk Grove, California. Total project costs related to the transaction are approximately $83.6 million, inclusive of the assumption of permanent debt. The acquisition expands HVPG’s California portfolio and advances its preservation mission in […]Equity Residential and AvalonBay to Merge in All Stock Transaction Creating a Leading Multifamily Platform
Equity Residential and AvalonBay Communities have reached a definitive agreement to combine in an all-stock merger of equals, creating a company with pro forma equity market capitalization of approximately $52 billion, total enterprise value of approximately $69 billion, and a portfolio of more than 180,000 rental apartments. Under the terms approved unanimously by the Board […]NRP Group and Housing Authority of Travis County Break Ground on Sanara Affordable Family Community in Southeast Austin
The NRP Group and the Housing Authority of Travis County broke ground on Sanara, a 348-unit affordable housing community in Southeast Austin. The development will reserve all units for households earning up to 60 percent of the Area Median Income and is sited at 4401 E. Slaughter Lane adjacent to expanding commercial corridors and employment […]