CoStar Group, Inc., the leading provider of commercial real estate information, analytics and online marketplaces, announced today that it plans to acquire ForRent, a division of Dominion Enterprises, pursuant to a definitive agreement for $350 million in cash and $35 million in CoStar Group stock.
Rockbridge Growth Equity, a Detroit-based private equity firm, today announced the acquisition of Kings III Emergency Communications (Kings III), an industry-leading emergency monitoring solutions provider.
JVM Realty Corp. (JVM), a leading vertically integrated multifamily real estate investment and property management firm, today announced that renovations are underway at four of its apartment communities in suburban Cleveland.
CiTYR, a fully integrated New York based commercial real estate investments firm has a core focus on multifamily equity investments. The firm has a predominant concentration in the multifamily arena with a goal of targeting stabilized, income producing properties in mature markets. Utilization of efficiently capitalized and managed assets provides CiTYR continued success in terms of maximizing equity returns and long-term stable cash flow. CiTYR’s Chief Investment Officer, Irwin Boris, announced in late January that the group has acquired LaVista Crossing Apartments, a 240-unit garden style apartment community. Located in the Tucker submarket just north of the perimeter in the Atlanta metro area, for an undisclosed purchase price.
Milestone Unitholders to receive per Unit in cash reflecting an attractive premium of approximately 16% to the 30-day volume weighted average price per REIT Unit and an average price per apartment unit of approximately
Campus First Student Living and CF Real Estate Services LLC, have acquired University Orchard, located less than one-half mile from the main campus of Salisbury University in Salisbury, MD. Salisbury University is part of the University System of Maryland. Campus First will be overseeing the management of this 648-bed property as well as a $600,000 property upgrade program. The property will continue to retain the name University Orchard.
The Bascom Group, LLC ("Bascom") has acquired Pebble Cove Apartments ("Pebble Cove"), a 90-unit garden-style apartment community located at 5101 O'Bannon Drive, Las Vegas, NV 89103. The $9.1 million sale closed on December 22, 2016. Patrick Sauter and Art Carll with NAI Vegas were the brokers for the sale. Erich Pryor and Tom Sherlock with Talonvest arranged the $8.46 million loan with TCF Bank. Since 2013, Bascom and its affiliates have acquired twenty-nine multifamily properties in the Las Vegas market, totaling 9,167 units.
Sequoia announces the acquisition of Eddyline at Bridgeport, a 367-unit, Class-A mixed-use apartment building in Tualitin, Oregon. This acquisition increases the firm's Portland-based holdings to more than 2,100 units. Eddyline was completed with the LEED Silver certification in 2015. It is comprised of 320,505 rentable square feet in three residential buildings in addition to 22,414 square feet across 10 retail spaces.
Saban Real Estate (Saban), in partnership with Campus Advantage (CA), has completed the acquisition of nineteen student housing communities from American Campus Communities (ACC) in a transaction valued at $508 million. The 12,083-bed portfolio includes properties serving students at Penn State University, Michigan State University, Louisiana State University, University of Missouri, University of Indiana, University of South Carolina, University of Alabama, Florida State University, University of Alabama-Birmingham, East Carolina University and Western Michigan University.