Monthly Archives: July 2022

Avanti Residential Completes $181 Million Acquisition of 360-Unit Soleste Grand Central Luxury Apartment Community in Miami

MIAMI, FL – Denver-based Avanti Residential has acquired Soleste Grand Central, a newly built luxury 360-unit apartment community in downtown Miami. Avanti purchased the Class A multifamily community for $181 million from The Estate Companies, who developed the project in 2021 and achieved 95% occupancy in six months amid ongoing strong demand for high quality […]

District of Columbia Housing Finance Agency Expands Affordable Housing Investments With Shepherd Park in Ward 4 Neighborhood

WASHINGTON, DC – The District of Columbia Housing Finance Agency (DCHFA) closed out the month of June by financing the construction of Shepherd Park Apartments. DCHFA issued $16.3 million in tax exempt bonds and underwrote $1.8 million in Low Income Housing Tax Credits for the construction of 66 new affordable apartments at 7428 Georgia Avenue […]

Hamilton Zanze Completes Acquisition of 244-Unit Echelon at Odenton Apartment Community in Baltimore Metropolitan Area of Odenton

BALTIMORE, MD – San Francisco-based real estate investment firm Hamilton Zanze announced the purchase of Echelon at Odenton Apartments, their 14th acquisition in the state of Maryland. The firm closed the deal on this Class-A property on June 28, 2022. The Echelon at Odenton property is a garden-style community built in 2016 on 6.6 acres. […]

Middleburg Communities and Stockbridge Acquire 300-Unit Indigo Champions Ridge Apartment Community in Orlando Suburb

DAVENPORT, FL – Middleburg Communities, a fully integrated multifamily development, investment, construction and management company operating in the southeastern and mid-Atlantic United States, and Stockbridge, a private equity real estate investment management firm, announced that they have acquired Indigo Champions Ridge, a 300-unit Class A multifamily community located in Davenport, Florida, a suburb of Orlando, […]

The Hospitality Arm of The Allen Morris Company, Launches Sales of Atara, Autograph Collection Residences in St. George, Utah

Berkshire Hathaway HomeServices Utah Properties Serves as Exclusive Listing Brokerage  The residences will afford owners and guests alike a one-of-a-kind residential experience   AMS Hospitality, the hospitality arm of The Allen Morris Company, has launched luxury resort villa sales, Atara, Autograph Collection Residences in St. George, Utah.  Berkshire Hathaway HomeServices (BHHS) Utah Properties serves as […]

The Hospitality Arm of The Allen Morris Company, Launches Sales of Atara, Autograph Collection Residences in St. George, Utah

Berkshire Hathaway HomeServices Utah Properties Serves as Exclusive Listing Brokerage  The residences will afford owners and guests alike a one-of-a-kind residential experience   AMS Hospitality, the hospitality arm of The Allen Morris Company, has launched luxury resort villa sales, Atara, Autograph Collection Residences in St. George, Utah.  Berkshire Hathaway HomeServices (BHHS) Utah Properties serves as […]

Decron Properties Acquires 216-unit Multifamily Property in Phoenix Metro for $91 Million

Decron Properties has acquired The Wyatt, a 216-unit garden-style apartment community in the Phoenix submarket of Gilbert, AZ, for $91 million. It is the ninth acquisition for Decron in the Phoenix metro overall and seventh in the Southeast Valley. The Los Angeles-based real estate investment firm has acquired over $800 million of real estate in […]

American Landmark Expands into Phoenix with Acquisition of Apartments Near Arizona State University

The 408-unit Tempe Metro Apartments will be renamed “The Access”   PHOENIX (July 26, 2022) – American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired Tempe Metro, a 408-unit apartment community located in Tempe, Ariz., within the Phoenix metropolitan area. The property has been renamed “The Access.”    This marks […]

Stepp Commercial Completes $5.5 Million Sale of 11-Unit Apartment Asset in Santa Monica, CA

Los Angeles, Calif. – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $5.5 million sale of an 11-unit apartment property located at 917 6th Street in Santa Monica, CA. The property, which sold for $500,000 per unit, is situated just north of Wilshire Boulevard in one of the […]

TerraCap Management Acquires 346-Unit The Lex at Brier Creek Apartment Community in The Raleigh-Durham Submarket of Morrisville

MORRISVILLE, NC – TerraCap Management, a privately held investment firm with its headquarters in Naples, Florida, announced the acquisition of The Lex at Brier Creek, a 1999-built, 346-unit apartment complex located in the Brier Creek neighborhood in Morrisville, NC. This acquisition will be TerraCap’s second, large scale multifamily acquisition in the Raleigh-Durham metro area this […]