Daily Archives: July 28, 2022

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 […]

S2 Capital Acquires Major Multifamily Portfolio Totaling Fourteen Properties with 4,455-Units in Dallas-Fort Worth and Houston Markets

DALLAS, TX – S2 Capital announced it has acquired a 14-property portfolio across Dallas-Fort Worth and Houston. The portfolio totals 4,455 units across 14 assets built in 1979-1987. S2, a national multifamily investor with more than $10 billion in transaction volume, is making this investment from its S2 Multifamily Value-Add Fund 1. Terms of the […]

Monument Capital Management (MCM) Launches Fifth Workforce Housing Fund; Target is $100 Million, the Firm’s Largest Fund-to-Date

Often realizing IRR’s of 30 percent, MCM, soon to celebrate its 10th anniversary, looks to continue realizing compelling returns through its proprietary investment model    MIAMI – Monument Capital Management (MCM), an A-Rod Corp company and one of the country’s premier fully integrated real estate investment firms, has announced the launch of Monument Opportunity Fund V, the latest of the […]

New Affordable Housing Coming to Los Angeles with $72 Million in Financing from Greystone Affiliate, America First Multifamily Investors, L.P.

Tax-Exempt and Taxable Bonds Finance Significant Portion of Construction Costs for 200-Unit Building Greystone affiliate, America First Multifamily Investors, L.P. (NASDAQ: ATAX) (“ATAX”), today announced that it has purchased $72 million in tax-exempt and taxable mortgage revenue bonds for the acquisition of land and construction of a 200-unit seniors affordable housing property in Los Angeles. […]

Continental Realty Corporation acquires St. Marys Apartments in Raleigh for $36.5 million

Baltimore-based real estate investment and management company Continental Realty Corporation (CRC) has purchased its seventh multifamily community in North Carolina with the recent $36.5 million acquisition of 800 St. Marys Apartments, located at 800 St. Marys Street in the Glenwood South neighborhood of downtown Raleigh. Developed in 2020 by Selwyn Property Group and Southeast Apartment […]