Trending Multifamily News
Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced the start of preleasing at Modera Shepherd, a luxury apartment community in the vibrant Rice Military/Washington Corridor of Houston.
FOUNTAIN, CO – A Nor’wood Development Group project, in partnership with Griffis/Blessing, Inc., is currently under construction on the highly anticipated expansion of Mesa Ridge Apartments, to fulfill the demand for higher quality apartments in the Fountain area.
Greystone Real Estate Advisors announced it has closed the sale of Phase 1 of the 130-acre Ashgrove Commons mixed-use development in suburban Lexington, Kentucky. Phase 1 is a 60-acre mixed-use site at Nicholasville Road and Ashgrove Road, and is now being developed by Cincinnati-based Inverness Homes, a division of Hills Properties. Phase 1 will contain a 312-unit class A apartment community as well as 98 single-family homes, with site work scheduled to commence by June 1.
Ryan Smyth has joined 29th Street Capital (29SC) as Vice President of Acquisitions for Florida, with a focus on Central Florida. Smyth is responsible for all facets of the privately-held real estate investment advisory firm’s multifamily acquisitions and asset management strategies in the state. He will target opportunistic and value-add acquisitions with the goal of establishing a strong company presence in the market and add to the company’s existing portfolio, which spans coast to coast.
Berkadia announces it has arranged a $20.43 million bridge loan for the refinancing of five vintage apartment properties located in Bay Harbor Islands and the South Beach section of Miami Beach, FL. Senior Managing Director Charles Foschini, Managing Director Christopher Apone, and Analyst Shannon Wilson arranged the loan on behalf of Boardwalk Properties, a real estate investment and management firm based in Miami Beach.
Audubon Communities, an Atlanta-based company specializing in the acquisition, repositioning and management of multifamily properties across the Southeast, has completed $1.1 million in renovations and upgrades at two Class A multifamily communities in Decatur, Georgia.