Tag Archives: Multifamily News

Piedmont and American South Fund to Develop 240-Unit The Preserve at Flagler Beach Workforce Housing Community in Florida

FLAGLER BEACH, FL – Funding has been secured to develop The Preserve at Flagler Beach, a 240-unit workforce apartment community located in Flagler Beach, Florida. The 240-unit apartment community project will be developed through a joint venture between Portage Real Estate and Piedmont Private Equity. This is Portage Real Estate’s second partnership with impact real […]

Tides Equities Continues Expansion Throughout The Western United States With String of Acquisitions Totaling Over 9,700-Units

LOS ANGELES, CA – Tides Equities has continued to expand its footprint in 2022. In the first half of the year, the firm closed 33 transactions, accounting for over $2.3B. This string of acquisitions allowed the company to add 9,712 units to their portfolio, which now stands at over 29,000 units. The firm specializes in […]

Lowe Completes 335-Unit First Tower of Mason and Main Apartment Development in Seattle’s Vibrant Yesler Terrace Neighborhood

SEATTLE, WA – Lowe, a national real estate developer, investor and manager, has completed the first of two nine-story towers at Mason and Main, located in the 30-acre, transit oriented, master planned Yesler Terrace community near downtown Seattle. The first building contains 335 units with a mix of one- and two-bedroom floor plans. The second […]

Berkadia Arranges $90M Recapitalization of Two New Luxury Office Buildings in Palm Beach Gardens, Florida

Berkadia announces it has secured a $90 million loan to refinance the Divosta Towers, two newly built luxury office towers totaling approximately 217,000 square feet in Palm Beach Gardens, Florida. Senior Managing Director Charles Foschini, Managing Director Scott Wadler and Senior Analyst Robert Iudice of Berkadia Miami secured financing on behalf of the owner, Gatsby […]

The Mogharebi Group Reps Buyer in $21.25 Sale of Olympia, WA Community

Crescent Point, a 62-unit apartment community in Olympia, WA has traded for $21.25 million ($342K per unit), according to Ryan Kidwell of The Mogharebi Group who represented the buyer  in the off-market transaction.    Located at 5600 Dunham Drive, Crescent Point was built in 2020 by the seller, a local partnership.  The three-story community features […]

Addison Partners Announces Sale of Sharlton Manor Apartments

Addison Partners, a real estate investment firm focused on acquiring well-located multifamily properties in strategic growth markets in the Southeast, today announced it has sold Sharlton Manor Apartments, a 57-unit apartment community in Hickory, N.C. The buyer and the sales price were not disclosed.   Built in 1974 and located at 420 10th Avenue NE […]

One Oak Brook Commons Achieves 50 Percent Leased

  One Oak Brook Commons, a new, luxury rental community, announces it has surpassed the 50 percent leased milestone. The upscale 17-story, 250-unit apartment building is located at 2150 McDonald Drive in the heart of downtown Oak Brook, Illinois and offers studio to three-bedroom penthouse floor plans.   “We have been thrilled with the market’s reaction to […]

Greystone Provides $11.6 Million HUD-Insured Financing for Affordable Senior Housing Property in Houston, Texas

Greystone Provided $20 Million in Total Financing This Year with Two Transactions for Same Sponsor Greystone, a leading national commercial real estate finance company, has provided $11,576,000 in HUD-insured financing on a 150-unit, age-restricted affordable housing community in Houston, Texas. The transaction was originated by Michael Zampetti and Kelley Klobetanz of Greystone on behalf of […]

Stoneweg Expands Reach With Acquisition of 316-Unit Old Jennings Development Site in Jacksonville Submarket of Middleburg, Florida

ST PETERSBURG, FL – Stoneweg U.S., a real estate investment firm specializing in multifamily acquisitions and developments, announced the acquisition of Old Jennings, in Middleburg, FL which rolls up to the bustling Jacksonville MSA, and represents the Company’s third major project in its growing multifamily apartment development pipeline. Stoneweg US will utilize 15 acres to […]

Security Properties Completes $70 Million Acquisition of 180-Unit River Ridge Apartment Community if Portland Submarket of Tualatin

TUALATIN, OR – Security Properties purchased River Ridge, a Class A multifamily property located in Tualatin, OR for $70,000,000. Security Properties now owns 11 assets totaling over 2,800 units in the Greater Portland MSA. River Ridge was delivered in two phases from 2015 – 2017 and consists of 180 units spread out across 14 residential […]