Harbor Group International Completes $306 Million Acquisition of 617-Unit Avalon Green Apartment Community in Elmsford, New York

ELMSFORD, NY – Affiliates of Harbor Group International and Azure Partners announced their joint venture for the $306 million acquisition of Avalon Green, a garden-style multifamily community in Elmsford, New York. HGI plans to implement a $9.2 million capital improvement program across the community to refresh amenities and common areas and modernize select interior units. […]

Lincoln Avenue Capital Acquires 180-Unit Wyndham Pointe Affordable Housing Community in Columbia, South Carolina

COLUMBIA, SC – Lincoln Avenue Capital, a mission-driven acquirer and developer of affordable housing, announced that it acquired Wyndham Pointe Apartments and will continue to reserve 100% of the units for low-income residents in the Columbia community. “Lincoln Avenue Capital is proud to continue growing our nationwide affordable housing portfolio in communities where quality, sustainable […]

Stepp Commercial Completes $3.825 Million Sale of 12-Unit Apartment Property in East Village Arts District of Long Beach

Long Beach, Calif. – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3.825 million sale of a 12-unit apartment property located at 601 Linden Avenue in the East Village Arts District neighborhood of downtown Long Beach, CA. Principal Robert Stepp and Senior Vice President Michael Toveg of Stepp […]

MG Properties Completes $193 Million Acquisition of 333-Unit Eleanor Luxury Apartment Community in Milpitas, California

MILPITAS, CA – MG Properties, a private San Diego-based real estate investor, owner, and operator purchased Eleanor Apartments, a 333-unit community Milpitas, CA for $193 million. The community is in a premier Bay Area location defined by strong employment growth and desirability. Eleanor is a transit-oriented mixed use community with 10,000 sf of ground floor […]

ACRE Breaks Ground on 331-Unit Pepper Hall Apartment Community in Fast-Growing Greater Savannah Market of Bluffton-Hilton Head

HILTON HEAD, SC – ACRE, a global real estate private equity firm, announced it has broken ground on Pepper Hall Multifamily, a high-end 331-unit multifamily property in Bluffton-Hilton Head, South Carolina. The project is being developed in partnership with Charleston, SC-based Southeast Partners. With construction underway, Pepper Hall is scheduled to officially open in Spring […]

Northcap Commercial Arranges Sale of Nevso Cove Apartments for $16,280,000

Robin Willett, Devin Lee, CCIM and Jerad Roberts of Northcap Commercial are pleased to announce the recent sale of the Nevso Cove Apartments for $16,280,000 ($290,714/unit). This sale consisted of 56 units built in 2001 located at 8780 W. Nevso Drive in Las Vegas, Nevada.   This off-market transaction closed on July 12th, 2022. Northcap Commercial represented the Seller, […]

Greystone Provides a Total of $47 Million in HUD-Insured Financing for Five Skilled Nursing Facility Financings

Greystone, a leading national commercial real estate finance company, has provided a total of $47 million in HUD-insured loans for five skilled nursing facilities located in California, Connecticut, North Carolina, and Ohio. The separate financings, provided to five different borrowers, was originated by Fred Levine, Managing Director at Greystone.  Greystone provided an $8,264,000 loan for […]

Archway Equities Acquires 192-Unit Multifamily Asset in Dallas

Archway Equities (“Archway”) has acquired from HLC Equity, the 192-unit Toscana Apartments, in Carrolton, TX, one of the fastest growing suburbs in Dallas.   The purchase represents Archway’s second apartment investment in the immediate submarket and increases the Beverly Hills, CA real estate investment firm’s Texas holdings to approximately 3,000 units.    “We strongly believe […]

Berkadia Arranges $104.5 Million Acquisition Loan for Westside Capital Group’s Purchase of Atlanta High-Rise Apartments

The 623-unit The Lofts at Twenty25 are located at the intersection of the Buckhead and Midtown submarkets   ATLANTA (July 18, 2022) – Berkadia announces it has secured financing for Westside Capital Group’s acquisition of The Lofts at Twenty25, a landmark, 623-unit multifamily high-rise property located in the heart of Atlanta, Ga.  Senior Managing Director Charles […]

Security Properties and Tokyu Land Completes $78.5 Million Acquisition of 248-Unit Summit Riverside Apartments in Littleton, Colorado

SEATTLE, WA – Security Properties and Tokyu Land US Corporation purchased Summit Riverside, a multifamily property located in Littleton, CO for $78,500,000. Security Properties now owns five market-rate assets totaling over 1,500 units in Colorado, having successfully sold two prior assets in 2020 & 2021. The Property is Tokyu’s first investment in the Denver MSA. […]