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ECI Group Announces Sale of The Columns at Vinings Apartments in Atlanta, GA

Multifamily Newsroom™
ATLANTA, Oct. 11, 2022 /PRNewswire/ — ECI Group (ECI) announces the sale of The Columns at Vinings apartments at 1900 Tamarron Parkway, SE, in northwest suburban Atlanta, GA to Investors Management Group (IMG). The 320-unit, 1985-vintage community was acquired by ECI in October 2017. ECI upgraded the unit interiors and improved and modernized the community’s amenities during its ownership period. “The Columns at Vinings is an […]

Thompson Thrift Hosts Groundbreaking on First Phase of 75-Acre Mixed-Use Industrial Development in Mesa’s Elliot Road Technology Corridor

Multifamily Newsroom™
MESA, Ariz., Oct. 11, 2022 /PRNewswire/ — Thompson Thrift, a full-service nationally recognized real estate company, hosted a groundbreaking today for the first phase of Elliot Tech Center, a 1 million-square-foot, mixed-use industrial and retail project within Mesa’s Elliot Road Technology Corridor. “While today’s ceremony marks the official start of construction, we would be remiss if we didn’t acknowledge the […]

Thompson Thrift to Develop New Luxury Multifamily Community Near Grand Rapids, Michigan

Multifamily Newsroom™
GRAND RAPIDS, Mich., Oct. 10, 2022 /PRNewswire/ — Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced today the acquisition of 29 acres of land in the Grand Rapids suburb of Wyoming. The company will develop a 344-unit Class A multifamily community on the land and plans to welcome new residents in […]

Aline Capital closes $71 million in deal volume in Greenville, SC for the month of September

Multifamily Newsroom™
GREENVILLE, S.C., Oct. 6, 2022 /PRNewswire/ — Aline Capital’s Capital Markets team is pleased to announce the closing of over $71mm in deal volume in their hometown of Greenville, SC for the month of September. The deals comprised of three transactions and included both debt and equity placement. Scott Williams, JD Lehman, Sammy Lortz, and Garett Todd of the Capital Markets Team all […]

FCP Acquires 297 – Unit Multifamily Apartment Community in Raleigh, NC for $48 Million

Multifamily Newsroom™
CHEVY CHASE, Md., Oct. 6, 2022 /PRNewswire/ — FCP® announces the $48.0 million acquisition of Grand Arbor Reserve, a 297-unit vintage apartment community at 2419 Wycliff Road, blocks from I-440 in Raleigh, NC. “Grand Arbor Reserve is a well-located asset that provides residents quality housing near job centers, retail amenities and transportation corridors,” said FCP’s Michael Errichetti. Grand Arbor Reserve offers residents convenient access […]

Hudson Valley Property Group and Officials Celebrate Renovation of Corinthian Towers Affordable Housing Complex

Multifamily Newsroom™
EAST ORANGE, N.J., Oct. 6, 2022 /PRNewswire/ — Hudson Valley Property Group (HVPG), a leading, national affordable housing preservation company, announces the completion of the $57 million preservation project at Corinthian Towers, a 221-unit housing complex in the 4th Ward of East Orange, New Jersey.   City of East Orange Mayor Ted R. Green, U.S. Housing and Urban Development (HUD) and New Jersey Housing and […]

Real Estate Powerhouses – RREAF Holdings, DLP Capital and 3650 REIT – Partner to Purchase $500 Million Southeast Portfolio Spanning Seven States

Multifamily Newsroom™
DALLAS, Oct. 6, 2022 /PRNewswire/ — RREAF Holdings LLC, a private real estate investment and development firm, in partnership with 3650 REIT and real estate investment and financial services firm DLP Capital, today announced the acquisition of “Southeast Multifamily Portfolio III,” with a capitalization of approximately $500 million. The portfolio includes 10 multifamily properties consisting of over 2,744 units located in Arkansas, Georgia, Indiana, Mississippi, North Carolina, Oklahoma, […]

Cove Capital Investments, a Private Equity Real Estate Sponsor Specializing in Debt Free DSTs and Other Real Estate Investment Offerings, Announces Dennis Younes has Joined the Firm as Vice President of Multitenant Acquisitions

Multifamily Newsroom™
LOS ANGELES, Oct. 5, 2022 /PRNewswire/ — Cove Capital Investments, LLC., a private equity real estate sponsor specializing in debt-free Delaware Statutory Trusts and other investment offerings, today announced it has reinforced its acquisitions team by hiring Dennis Younes as Vice President of multitenant acquisitions for the California-based firm. As Vice President, Younes will lead Cove Capital’s multitenant acquisition efforts […]

Waxpool Apartments – New Building Most Energy Efficient in Loudoun

Multifamily Newsroom™
ASHBURN, Va., Oct. 4, 2022 /PRNewswire/ — On Friday, October 7th, Loudoun-based Good Works and Maryland-based Green Street Housing celebrate the ground breaking for Waxpool Apartments, 52 new units of attainable housing located at the corner of Waxpool Road and Ashburn Village Blvd, within a one mile walk to the new Ashburn Metrorail Station. With a total development cost of $21.8 […]

Novak Brothers to Break Ground on Multifamily Project in Wolf Lakes Village

Multifamily Newsroom™
GEORGETOWN, Texas, Oct. 3, 2022 /PRNewswire/ — Novak Brothers Development announces breaking ground on a 12-acre parcel located inside of the new, master development Wolf Lakes Village in Georgetown, Texas. Construction begins this week on Rise510, a 301-unit, luxury, multifamily Novak community with completion expected summer of 2024. The development will feature first-class amenities on site, such as tuck-under private […]