Company Acquisitions
Continental Realty Corporation (CRC), a Baltimore-based real estate investment and management company active in 10 states, has purchased its eighth multifamily community in North Carolina with the recent $96.3 million acquisition of Sycamore at Tyvola, located at 707 Sycamore Centre Drive in Charlotte. Developed by Switzenbaum & Associates and delivered in December 2018, the 288-unit four-story elevator-serviced community was 95.5 percent leased at the time of this transaction. As part of the acquisition, CRC will assume the in-place 40-year amortizing fixed-rate HUD loan at a 2.96% interest rate with a mortgage insurance premium. Michael Saclarides of Cushman &Wakefield represented the seller.
NEW YORK – Berkadia announces it has secured programmatic equity from a global institutional investor to finance Indiana-based The Sterling Group’s recapitalization of three apartment communities located in North Carolina, South Carolina and Tennessee.
BOYNTON BEACH, Fla. (November XX, 2022) – Berkadia announces it has secured a $93.6 million loan to refinance two multifamily communities located in Palm Beach County: Advenir at Banyan Lake and Advenir at La Costa, both vintage garden-style multifamily assets located in Boynton Beach, Fla. Senior Managing Director Charles Foschini and Managing Director Chris Apone of Berkadia Miami secured the financing on behalf of Advenir, a multifamily and single-family rental community developer and operator based in Aventura, Fla.
SAN ANTONIO, TX- (October 25, 2022)- Lynd Acquisitions Group (LAG), a division of The Lynd Group, has acquired another apartment community in San Antonio, recently closing on the 344-unit Parc 410 in the Leon Valley submarket. The acquisition price was not disclosed. Lynd plans on investing $6 million in renovating units and common areas, and performing deferred maintenance.
Addition of KW Property Management & Consulting makes Group first community associations management company with leading positions on both sides of the Atlantic
Addition of KW Property Management & Consulting makes Group first community associations management company with leading positions on both sides of the Atlantic
The 623-unit The Lofts at Twenty25 are located at the intersection of the Buckhead and Midtown submarkets
Often realizing IRR’s of 30 percent, MCM, soon to celebrate its 10th anniversary, looks to continue realizing compelling returns through its proprietary investment model
