Tag Archives: Apartment News

Intercontinental Real Estate Corp and MG Properties Acquires Agoura Hills Community for $87.3 Million

Intercontinental Real Estate Corporation in joint venture with MG Properties has acquired The Lexington Apartments, a 178-unit apartment community in the Southern California community of Agoura Hills for $87.3 million.    Built in 1986, The Lexington offers a unit mix of one- and two-bedroom apartment homes housed in 11 two-story residential buildings on a 15-acre-site […]

Michael S. Afentoullis, JD joins Greystone as a Managing Director for Multifamily and Commercial Real Estate Loan Originations in the Midwest

Greystone, a leading national commercial real estate finance company, announced that Michael Afentoullis has joined as a Managing Director in St. Louis, MO. In this role, Mr. Afentoullis will focus on providing capital solutions to multifamily, seniors, self-storage, office, industrial, and retail investors in the Midwest and nationwide.  Mr. Afentoullis will also work closely with […]

Resthaven Breaks Ground on The Farmstead Independent and Assisted Living Campus for Seniors in West Michigan Market of Holland

HOLLAND, MI – The retirement community West Michigan seniors have been eagerly awaiting is finally underway. The first shovel hit the ground on August 22, 2022, marking the beginning of construction of The Farmstead by Resthaven, the visionary behind the project. The Farmstead by Resthaven, a new Independent Living and Assisted Living campus serving the […]

Walton Street Originates $69.8 Million Loan to Bainbridge and Virtus for Acquisition of 344-Unit Aventura Crossroads in North Carolina

CARY, NC – An affiliate of Walton Street Capital originated a $69.8 million loan to a partnership between The Bainbridge Companies and Virtus Real Estate Capital for the acquisition of Aventura Crossroads, a 344-unit apartment community located at 1010 Legacy Village Drive in Cary, NC. Built in 2009, the garden-style multifamily property is currently 98% […]

Leste Group and SAR Apartment Capital Complete $23.6 Million Acquisition of 556-Unit Multifamily Portfolio in Columbus, Ohio

COLUMBUS, OH – Leste Group s real estate debt and structured equity arm and SAR Apartment Capital, a national multifamily investment firm, announced they have completed the $23.6 million acquisition of four multifamily properties in Columbus, Ohio that comprise 556 apartments in total. The properties in the portfolio include: Winterwood Apartments, a 4-acre, 135-unit complex […]

Lance Wright joins Greystone as a Managing Director in Texas

Greystone, a leading national commercial real estate finance company, announced that Lance Wright has joined as a Managing Director in Dallas, TX. In this role, he will focus on the origination of multifamily and commercial real estate loans across the United States. Mr. Wright will report to Vince Mejia, Senior Vice President of Agency Production. […]

Universe Holdings Acquires $53.370 Million Multifamily Property in California’s Inland Empire

Universe Holdings has acquired the Stonegate Apartments (Stonegate), a 160-unit multifamily community in Southern California’s Inland Empire, in an off-market transaction worth $53.370 million.   Built in 1987, Stonegate offers a mix of one- and two-bedroom floorplans and a strong amenity package, including a fitness center, swimming pool, spa, barbecue area, pet park, playground, covered […]

Brickstone Partners Refinances Two Boulder Colorado Assets valued at more than $180 million

Brickstone Partners, a full-service real estate investment and development firm located in Nashville, Tenn., today announced the refinance and recapitalization of two multifamily assets valued at more than $180 million.    The properties were extensively renovated after their purchase in 2014 and 2015, producing a significant increase in revenue and asset value. Both assets were […]

JPI, Madera Residential, and WayMaker to Develop Over 1,750 Multifamily Units Across Thriving Dallas-Fort Worth Metroplex

IRVING, TX – JPI announced a joint venture with Madera Residential and WayMaker on five new developments across the DFW Metroplex. These five assets will provide over 1,750 class A multifamily homes to residents and help serve the growing need for housing in the thriving DFW metroplex. When completed, the joint venture portfolio will include […]

Greystone Affordable Development Again Ranks as #1 Rural Affordable Housing Developer by Council for Affordable and Rural Housing

Greystone Affordable Development, a national affordable housing developer, has been recognized yet again by the Council for Affordable and Rural Housing (CARH) as the top rural affordable housing developer for 2022. Greystone has achieved CARH’s top ranking for developers of affordable rural rental housing six times since 2015. Greystone Affordable Development assists owners and property […]