Tag Archives: Multifamily News

American Landmark Expands into Phoenix with Acquisition of Apartments Near Arizona State University

The 408-unit Tempe Metro Apartments will be renamed “The Access”   PHOENIX (July 26, 2022) – American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired Tempe Metro, a 408-unit apartment community located in Tempe, Ariz., within the Phoenix metropolitan area. The property has been renamed “The Access.”    This marks […]

Decron Properties Acquires 216-unit Multifamily Property in Phoenix Metro for $91 Million

Decron Properties has acquired The Wyatt, a 216-unit garden-style apartment community in the Phoenix submarket of Gilbert, AZ, for $91 million. It is the ninth acquisition for Decron in the Phoenix metro overall and seventh in the Southeast Valley. The Los Angeles-based real estate investment firm has acquired over $800 million of real estate in […]

Stepp Commercial Completes $5.5 Million Sale of 11-Unit Apartment Asset in Santa Monica, CA

Los Angeles, Calif. – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $5.5 million sale of an 11-unit apartment property located at 917 6th Street in Santa Monica, CA. The property, which sold for $500,000 per unit, is situated just north of Wilshire Boulevard in one of the […]

TerraCap Management Acquires 346-Unit The Lex at Brier Creek Apartment Community in The Raleigh-Durham Submarket of Morrisville

MORRISVILLE, NC – TerraCap Management, a privately held investment firm with its headquarters in Naples, Florida, announced the acquisition of The Lex at Brier Creek, a 1999-built, 346-unit apartment complex located in the Brier Creek neighborhood in Morrisville, NC. This acquisition will be TerraCap’s second, large scale multifamily acquisition in the Raleigh-Durham metro area this […]

Monument Capital Management (MCM) Launches Fifth Workforce Housing Fund; Target is $100 Million, the Firm’s Largest Fund-to-Date

Often realizing IRR’s of 30 percent, MCM, soon to celebrate its 10th anniversary, looks to continue realizing compelling returns through its proprietary investment model    MIAMI – Monument Capital Management (MCM), an A-Rod Corp company and one of the country’s premier fully integrated real estate investment firms, has announced the launch of Monument Opportunity Fund V, the latest of the […]

S2 Capital Acquires Major Multifamily Portfolio Totaling Fourteen Properties with 4,455-Units in Dallas-Fort Worth and Houston Markets

DALLAS, TX – S2 Capital announced it has acquired a 14-property portfolio across Dallas-Fort Worth and Houston. The portfolio totals 4,455 units across 14 assets built in 1979-1987. S2, a national multifamily investor with more than $10 billion in transaction volume, is making this investment from its S2 Multifamily Value-Add Fund 1. Terms of the […]

New Affordable Housing Coming to Los Angeles with $72 Million in Financing from Greystone Affiliate, America First Multifamily Investors, L.P.

Tax-Exempt and Taxable Bonds Finance Significant Portion of Construction Costs for 200-Unit Building Greystone affiliate, America First Multifamily Investors, L.P. (NASDAQ: ATAX) (“ATAX”), today announced that it has purchased $72 million in tax-exempt and taxable mortgage revenue bonds for the acquisition of land and construction of a 200-unit seniors affordable housing property in Los Angeles. […]

Continental Realty Corporation acquires St. Marys Apartments in Raleigh for $36.5 million

Baltimore-based real estate investment and management company Continental Realty Corporation (CRC) has purchased its seventh multifamily community in North Carolina with the recent $36.5 million acquisition of 800 St. Marys Apartments, located at 800 St. Marys Street in the Glenwood South neighborhood of downtown Raleigh. Developed in 2020 by Selwyn Property Group and Southeast Apartment […]

Mill Creek Announces Groundbreaking of 793-Unit Modera Academical Village Mixed-Use Apartment Community in South Florida

DAVIE, FL – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Modera Academical Village, a contemporary mixed-use apartment community in the western Broward County market. The community, which will be developed in two phases in conjunction with equity partner […]

Housing Trust Group Appoints Mario Robaina to Chief Financial Officer

Housing Trust Group (HTG), an award-winning multifamily developer and one of the nation’s top affordable housing developers, is pleased to announce the appointment of Mario Robaina II as Chief Financial Officer. Mario was promoted from Vice President of Finance to the new role. As CFO, he will be responsible for accounting, budgeting and forecasting, strategic […]