Monthly Archives: August 2022

Fogelman Properties Acquires 312-Unit Apartment Community In Memphis, Tennessee

 Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, announces the acquisition of Appling Lakes, a 312-unit apartment community in Memphis, Tennessee.    Built in 1997, Appling Lakes features one, two and three-bedroom apartment homes with rental rates currently ranging from $1,163-$1,678. The recently acquired property is […]

Mill Creek Announces Groundbreaking of Modera McGavock

Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced it has broken ground on Modera McGavock, a contemporary high-rise apartment community in Nashville’s thriving Gulch neighborhood.   The 29-story community, which will be positioned along McGavock Street and 13th Avenue South, will feature 396 […]

Berkadia Welcomes Michael Conway as Senior Director, JV Equity & Structured Capital

Berkadia announces the appointment of Michael Conway as Senior Director to Berkadia JV Equity & Structured Capital, which specializes in arranging joint-venture equity and structured capital from a wide variety of institutional sources, both domestic and international. Based in Denver, Colo., Conway will be responsible for capital raise execution and business development activities for the […]

RPM Living Investments Grows Houston Portfolio With Acquisition of San Paloma Apartment Community in Energy Corridor

HOUSTON, TX – RPM Living Investments has announced the acquisition of San Paloma in the heart of Houston s Energy Corridor, the city s third-largest employment center. The 372-unit garden property was purchased from Blackstone/Livcor through a joint venture with DRA Advisors. The transaction is the second joint venture between DRA and RPM in Texas […]

Sunrise Senior Living Introduces The Apsley Best-in-Class Assisted Living and Memory Care Community on Manhattan’s Upper West Side

NEW YORK, NY – Sunrise Senior Living, a leading provider of personalized senior living services, together with partners Hines and Welltower (NYSE: WELL), announced the name of its second luxury senior lifestyle community in New York City, The Apsley. Located on the vibrant Upper West Side at 2330 Broadway between 84th and 85th Streets, the […]

Mesa West Capital Provides Sares Regis Group with $140 MM Loan for Acquisiton of Denver Community

Mesa West Capital has provided Sares Regis Group with $139.88 million in first mortgage debt for its acquisition and repositioning of a 386-unit multifamily property in Broomfield, CO.    The five-year, floating rate loan is secured by Terracina Apartments located at 13620 Via Varra Road in the Denver metro area. Built in 2010, the 16.5-acre […]

Electra Capital Funds Over $115M in Q2 2022

Lake Park, Fla. (August 23, 2022) – Electra Capital, a boutique lender specializing in flexible, short-term multifamily financing solutions, has originated more than $115 million in the last 90 days on several value-add and ground-up multifamily properties located in major U.S. Sunbelt metros.    “While the capital markets are trying to make sense of the Fed […]

Brickstone Partners spends $71 million to acquire, renovate and reposition Kensington Apartments in Boulder, Colo.

Brickstone Partners, a full-service real estate investment and development firm located in Nashville, Tenn., today announced the acquisition of Kensington Apartments adjacent to the University of Colorado at Boulder.   Since its founding in 2001, Brickstone has been involved in more than $1 billion of real estate transactions, including more than $500 million in Boulder. […]

Mill Creek Announces Leasing is Underway at Modera Skylar Phase II

Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced the start of leasing at Modera Skylar Phase II, a resort-inspired apartment community in the River District near Downtown Miami.    The high-rise community, which features 97 contemporary apartment homes and magnificent rooftop views, is […]

Greystone Provides $15.3 Million Fannie Mae DUS® Loan for Massachusetts Multifamily Property

Greystone, a leading national commercial real estate finance company, has provided a $15,340,000 Fannie Mae Delegated Underwriting and Servicing (DUS®) Green Rewards loan to refinance a 103-unit multifamily property in Fall River, Massachusetts. The transaction was originated by Shana Daby, Managing Director at Greystone, on behalf of Mechanics Mill Two, LLC.  Michael Corso of Kingston […]