Daily Archives: June 30, 2022

Security Properties Completes $70 Million Acquisition of 180-Unit River Ridge Apartment Community if Portland Submarket of Tualatin

TUALATIN, OR – Security Properties purchased River Ridge, a Class A multifamily property located in Tualatin, OR for $70,000,000. Security Properties now owns 11 assets totaling over 2,800 units in the Greater Portland MSA. River Ridge was delivered in two phases from 2015 – 2017 and consists of 180 units spread out across 14 residential […]

Stoneweg Expands Reach With Acquisition of 316-Unit Old Jennings Development Site in Jacksonville Submarket of Middleburg, Florida

ST PETERSBURG, FL – Stoneweg U.S., a real estate investment firm specializing in multifamily acquisitions and developments, announced the acquisition of Old Jennings, in Middleburg, FL which rolls up to the bustling Jacksonville MSA, and represents the Company’s third major project in its growing multifamily apartment development pipeline. Stoneweg US will utilize 15 acres to […]

W. A. Spencer Morris Named President of the Allen Morris Company

   W. Allen Morris will retain title as Chairman & CEO   Miami, Fla. (JUNE 29, 2022) – The Allen Morris Company (AMCO), one of the largest diversified real estate firms in the southeast, has named W.A. Spencer Morris, President. Morris was most recently Chief Investment Officer (CIO) for the organization. Morris has been an […]

STANDARD COMMUNITIES ANNOUNCES FIRST GROUND UP DEVELOPMENT—A 219-UNIT MULTIFAMILY PROJECT IN SAVANNAH, GA

Standard Communities, a leading national multifamily housing investor and developer, has announced its first ground up development, a Class A+ multifamily project in Savannah, GA, called The Line.   The project is capitalized at approximately $60 million.   The Line will fit seamlessly into the old-meets-new atmosphere in downtown Savannah. An existing building, located at […]