Category Archives: Real Estate News

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TGM Acquires Third Multifamily Apartment Community in Northern Virginia Market With 576-Unit TGM Bull Run in Manassas

MANASSAS, VA – TGM announced the acquisition of TGM Bull Run, a garden style apartment community with 576 units in Manassas, VA. The& Northern Virginia property was completed in 2001 and is located on approximately 35 acres, with its leasing office and clubhouse situated at 11212 Chatterly Loop. The 100% market-rate garden apartment community is […]

Berkadia Arranges Sale of Brand-New Class AA Luxury Apartment Community in Central Florida

Middleburg Real Estate acquired Indigo Champions Ridge in Davenport, Florida   Berkadia announces it has arranged the sale of Indigo Champions Ridge, a brand-new, 300-unit luxury Class AA garden-style apartment community strategically located in-between the greater Orlando and Tampa metropolitan areas. Managing Director Brett Moss, Associate Director Tyler Swidler, Senior Managing Director Cole Whitaker, and […]

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. […]

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 […]

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 […]

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 […]

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, […]

FCP Partners With BMC Investments in $114 Million Acquisition of 461-Unit Aurora Meadows Apartment Community in Aurora, Colorado

AURORA, CO – FCP announces its third Colorado multifamily acquisition in less than two months with the $114 million joint venture recapitalization with BMC of Aurora Meadows, a 461-unit apartment community at 777 Dillon Way in Aurora, CO. With the Aurora Meadows investment, FCP’s Colorado multifamily portfolio includes three apartment communities with a total of […]

Stoneweg US Enters Houston Multifamily Market With Acquisition of 312-Unit Ashford Apartment Community in Energy Corridor

HOUSTON, TX – Stoneweg U.S., a real estate investment firm specializing in multifamily acquisitions and developments, announced the acquisition of Ashford Apartments, a 312-unit, Class A community located in the heart of Houston, Texas. The investment marks the company’s first acquisition in the ever-popular Houston MSA; the 5th largest MSA in the US. “Historically, our […]

Sale of multi-housing development site at Nova Southeastern University closes

MIAMI – JLL Capital Markets announced today that it closed the sale and arranged the equity of the Modera Academical Village development site, a two-phase, 793-home mixed-use apartment community with 16,000 square feet of ground-floor retail located on the campus of Nova Southeastern University in Davie, Florida. JLL marketed the property on behalf of the seller, a partnership […]