Daily Archives: July 12, 2022

Lowe and USAA Unveil Transformation of Former Office Complex into 435-Unit Modern Apartment Building in Alexandria, Virginia

ALEXANDRIA, VA – A joint venture between USAA Real Estate and Lowe, a national real estate investor, developer and manager, announced the completion of Park + Ford, the adaptive-reuse of the former three-building Park Center office complex into a 435-unit contemporary apartment community with 115,000 square feet of office. Located at 4401 Ford Avenue in […]

Orion Real Estate Partners Completes Acquisition of 180-Unit Remington Ranch Apartment Community in San Antonio, Texas

SAN ANTONIO, TX – Los Angeles-based Orion Real Estate Partners announced that it has acquired Remington Ranch, a garden-style apartment community in San Antonio, Texas. Orion purchased the 180-unit apartment community in June 2022 and plans to invest approximately $2.6 million in interior and exterior improvements. The Property sits on an expansive 7.4-acre site, with […]

Three Pillars Capital Group Acquires 544-Unit Apartment Community in Houston, Texas

Three Pillars Capital Group, a vertically integrated private equity firm specializing in Class B and C multifamily, today announced the acquisition of a 544-unit apartment community in Houston, Texas.    The 419,316-square-foot community was purchased from First Choice Management through a 1031 exchange. Other terms of the transaction were not disclosed.   Located at 10909 […]

Resia Breaks Ground on New Multifamily High-Rise in Houston

 Resia, the multifamily developer, builder and owner formerly known as AHS Residential, announces today it has begun construction on Resia Ten Oaks, a new multifamily community in Houston’s Energy Corridor on the last remaining parcel at Ten Oaks, an 83-acre master-planned development in West Houston.    “We are thrilled to bring a beautiful, high quality […]

Magma Equities Buys Charlotte Apartment Community for $17.75 Million

Magma Equities (“Magma”) in joint venture with Prudent Growth Partners (“Prudent Growth”) has acquired The Oaks Apartment Homes (“The Oaks”), a 111-unit garden-style multifamily community in the Charlotte metro submarket of Lincolnton, NC, in an off-market transaction for $17.75 million. Proving to be one of the most active multifamily investors in North Carolina, Magma has […]