American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired the 357-unit Ardmore King’s Grant Apartments in Charlotte, and 270-unit Ardmore Cates Creek apartments in Hillsborough, North Carolina. The Charlotte apartments have been renamed “Conrad at Concord Mills,” and the apartments in Hillsborough are now “Cadence at Cates Creek,” and will receive apartment interior upgrades as well as enhancements to property amenities.
 

Investors seeking to make the most of their next purchase should not overlook Chicago’s westside Austin neighborhood, according to Kiser Group Advisor Jack Petrando. As Chicagoland’s leading multifamily brokerage firm, Kiser Group assists multifamily buyers and sellers across the city, and Petrando’s hard work is paying off in the up-and-coming neighborhood.

The JV closed on the acquisition of a 288-unit property just 40 minutes outside of the legendary country music capital

MacKenzie Commercial Real Estate Services has brokered the sale of 5.3 acres of land in the Odenton Town Center of Anne Arundel County, Maryland to Conifer Realty, LLC, a Rochester, New York-based company specializing in the development and management of multifamily housing units throughout New York, New Jersey, Pennsylvania and Maryland. The previous owner was the EL Gardiner family in Annapolis, Maryland. Conifer Realty will develop two buildings, containing approximately 150 workforce rental units on the site fronting MD Route 175. David McClatchy, of MacKenzie Commercial Real Estate Services, LLC represented both parties in this sales transaction.

210 N. Charles Owner, LLC, a joint venture partnership formed by residential developer Trademark Properties and local investor Prab Thangarajah, has acquired 210 North Charles Street, a 15-story, 232,000 square foot commercial office tower situated within the Charles Center section of downtown Baltimore City for an undisclosed amount from PGA 210 North Charles Street, LLC. Originally delivered in 1894 as an eight-story structure, the new ownership group intends to convert the asset, also known as The Fidelity & Deposit Building into a multifamily use containing approximately 220 apartment units. Brad Byrnes of Byrnes & Associates, Inc., a Baltimore-based boutique commercial real estate and investment company, represented the buyer in this sales transaction.

DALLAS (March 21, 2022) – EPC Promecap Multifamily Partners V, LLC (“Fund V”), a private investment vehicle co-managed by Eagle Property Capital Investments, LLC (“EPC”), a vertically integrated real estate investment manager focused on the value-add multifamily space and Promecap, S.A. de C.V. (“Promecap”) a leading private equity firm based in Mexico City, acquired three communities in the Dallas-Fort Worth area: Mustang Villas Apartments, Prestonwood Apartment Homes and Bella Vista.

DALLAS (March 21, 2022) – EPC Promecap Multifamily Partners V, LLC (“Fund V”), a private investment vehicle co-managed by Eagle Property Capital Investments, LLC (“EPC”), a vertically integrated real estate investment manager focused on the value-add multifamily space and Promecap, S.A. de C.V. (“Promecap”) a leading private equity firm based in Mexico City, acquired three communities in the Dallas-Fort Worth area: Mustang Villas Apartments, Prestonwood Apartment Homes and Bella Vista.

Houston, Tex. – Privately held real estate investment firm 29th Street Capital (29SC) has acquired The Highbank in Houston, Texas. This marks the firm’s 17th multifamily acquisition in the Houston metro area.

Berkadia announces it has arranged the sale of Lirio at Rafina, a brand-new, 280-unit, Class AA luxury garden apartment community in Orlando, Fla. Managing Directors Brett Moss and Matt Wilcox, Associate Director Tyler Swidler and Senior Managing Director Cole Whitaker of Berkadia Orlando marketed the property on behalf of Catalyst Development Partners and Six Pines Realty. Preferred Apartment Communities acquired the property.