Greystone, one of the nation’s preeminent real estate lending, investment and advisory companies, announced that it has welcomed National Apartment Advisors of Texas to the Greystone network. The new joint venture, Greystone NAA, focuses on providing a full range of multifamily advisory services to clients in Austin, Dallas, Houston, and San Antonio, capitalizing on Greystone’s comprehensive financial platform and NAA’s multifamily sales expertise in those regions.
Grace Hill, a provider of online training courseware, administration and mystery shopping for the multifamily property management industry, was recently acquired by funds managed by Stone Point Capital LLC. The sale was finalized on Feb. 28, 2018. The transaction follows a three‑year period in which Grace Hill indicated they increased revenue, profitability, and customers while under ownership by its founders and The Riverside Company. Today, Grace Hill serves more than 1,300 customers that manage approximately 6.2 million housing units.
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.