Daily Archives: July 26, 2022

Landmark Properties and ACRE Complete 350-Unit The Cove at Covington Town Center Apartment Community in Atlanta Submarket

COVINGTON, GA – Landmark Properties announced it has started leasing The Cove at Covington Town Center, its luxury Class-A apartment community in Covington, Georgia. The 350-unit, market-rate property was developed in partnership with ACRE, a global real estate private equity firm, and is part of Covington s 131-acre mixed-use master planned community, Covington Town Center. […]

Continental Realty Group and GTIS Partners Complete Sale of Two Multifamily Communities Totaling 496-Units in Phoenix and Denver

DENVER, CO – Denver-based Continental Realty Assets, a subsidiary of Continental Realty Group, and GTIS Partners, a global real estate investment firm that manages $4.7 billion in gross assets with a focus on residential and industrial investments, announced the completion of two joint-ventures between the firms with the sale of 240-unit San Palmas Apartments in […]

Manhattan West Real Estate JV Acquires Land; Announces Plans for Development of Two Multifamily Properties Totaling 102 Units in Echo Park Neighborhood of Los Angeles

Los Angeles, July 25, 2022 – Manhattan West Real Estate, a division of Manhattan West, a global strategic investment firm offering an integrated platform of investments and services, has announced plans for development of two multifamily properties totaling 102 units in Los Angeles’ historic Echo Park neighborhood.  Manhattan West and its joint venture partner, Local […]

Mesa West Capital Funds $108 Million Loan for Acquisition of Phoenix, AZ Apartment Community

Mesa West Capital has provided KB Investment and Development Company with $108 million in first mortgage debt for its acquisition a 328-unit multifamily property in Phoenix, AZ.  The five-year, floating rate loan is secured by Skywater at Town Lake located at 601 W. Rio Salado Parkway in the Phoenix submarket of Tempe.  Built in 2015, […]

ARMADA HOFFLER COMPLETES $150 MILLION SALE OF THE RESIDENCES AT ANNAPOLIS JUNCTION AT A 4.15% EXIT CAP RATE

VIRGINIA BEACH, VA, July 25, 2022 — Armada Hoffler (NYSE: AHH) successfully completed the sale of The Residences at Annapolis Junction, a 416-unit suburban mid-rise apartment community in Howard County, Maryland for $150 million. The transaction closed on July 22, 2022.   “With the sale of The Residences at Annapolis Junction, I am pleased to […]