Pretium, a specialized investment firm with more than $50 billion in assets under management, today announced that it has agreed to acquire BH Management Services (“BH”), one of the nation’s premier property management platforms in multifamily, student, and single-family housing. The transaction is expected to close early in the second quarter.

Mature Affordable Housing Development Business to Expand Services, Aligns Mission to Make Greater Impact on Affordable Housing Nationwide

Lynd Acquisition Group (LAG) acquired a 327-unit garden-style apartment community in San Antonio for $76.25 million.   The property was developed in 2021 by its affiliate Lynd Development Group.  Both entities are part of San Antonio-based LYND Group. 

The RMR Group (Nasdaq: RMR) today announced that it has completed its acquisition of MPC Partnership Holdings, LLC, doing business as CARROLL (“CARROLL”), a vertically integrated multifamily platform. The acquisition, which was announced on July 31, 2023, expands RMR’s platform to include multifamily commercial real estate, the only major property sector in which RMR did not have a significant presence, increases its private capital assets under management and diversifies its roster of private capital clients.

Ashcroft Capital, a fully integrated multifamily investment firm, today announced the acquisition of Halston Lakeside, a garden-style community in one of the fastest-growing regions on the Gulf Coast. Birchstone Residential, Ashcroft Capital’s in-house property management company and construction affiliate, has assumed management of the community.

Standard Communities, a leading national affordable housing developer and investor, has expanded its principal offices and added staff reflecting robust business.

Michigan Avenue Real Estate Group and its property management subsidiary, GERAM Property Management, announce today the launch of its new property management brand, The Maeve Group. The Maeve Group will continue to offer exceptional property management services for a boutique portfolio of apartment properties developed by Michigan Avenue Real Estate Group in the West Loop, Oak Park, and Evanston. Today’s announcement coincides with the launch of the brand’s new website, themaevegroup.com.

Standard Communities, a major national affordable housing developer and investor, has acquired controlling interest in an affordable housing portfolio of nearly 3,200 units in Florida and Georgia. The transaction is Standard’s largest acquisition.