Non-Profit Organization Has Built Portfolio of 23 Properties to Preserve Affordable Housing in the U.S.

Greystone Real Estate Advisors announced it closed the $12,500,000 sale of the Park at Trowbridge in Southfield, MI. A private equity group purchased the seniors housing property from a publicly-traded REIT on December 1. Mike Garbers and Cody Tremper of Greystone represented the seller in the transaction.

 Olympus Property expands their multifamily Phoenix portfolio with the acquisition of Vive in Chandler, Arizona. Vive is the second purchase in Chandler, Arizona as Olympus recently acquired the Elevation Chandler property in September 2015.

NOVO Properties (NOVO) is pleased to announce the acquisition of 1440 Chapin Street, NW, a 28-unit multi-family property located in NW Washington, DC.

JVM Realty Corporation (JVM), a leading vertically integrated multifamily real estate investment and property management firm, today announced it has acquired The Aventine at Oakhurst North, a 464-unit luxury apartment community in Aurora, Ill.

Hercules Living, a family-owned and operated multifamily regional developer headquartered in Virginia Beach, Virginia, announces its recent acquisition of two residential apartment communities in Georgia. The two acquisitions represent a $64M capital investment adding 469 homes to their vast multifamily portfolio that includes properties in the mid-Atlantic and Southeast region of the US.

The Praedium Group LLC, a New York City-based national real estate investment firm, today announced the $43,175,000 acquisition of Crest at Laurelwood in Woodstock, GA. Developed in 2015, Crest at Laurelwood ("Crest") features 272 luxury apartment units in one of the highest growth submarkets of the Atlanta MSA. The Property consists of eight buildings with units featuring nine or 10-foot ceilings, cherry wood cabinetry, tiled-backsplashes and private balconies. Community amenities include a cyber café, billiards room, two-story fitness center and yoga studio, resort-style swimming pool, outdoor fireplace with TV, fire pit, dog-park and electric car charging stations. Peter Calatozzo, Managing Director of The Praedium Group, made the announcement on the investment firm's most recent acquisition.

Marcus & Millichap (NYSE:MMI) today announced its Institutional Property Advisors (IPA) division has closed the sale of Woodley Plaza Apartments, an 85-unit multifamily community in Northridge, California. The $21.25 million sales price equates to $250,000 per unit.

Mill Creek Residential, a leading multifamily investor, developer and operator specializing in premier apartment communities across the U.S., today announced the acquisition of Alister Quincy, a transit-oriented apartment community in suburban Boston.