Company Acquisitions

Berkshire Group Purchases Crescent Apartment Community in Charlotte, NC

Berkshire Group announced the purchase of Crescent Dilworth in Charlotte, North Carolina, from Crescent Communities. The 296-unit apartment community is located in the historic Dilworth neighborhood, which is adjacent to Uptown and home to Carolinas Medical Center.

Local Private Equity Firm Expands U.S. Holdings with New Acquisition

Altus Equity Group, a prominent alternative asset firm, recognized as a consistent provider of above market returns through disciplined due diligence, shrewd acquisition, and exemplary management, is excited to announce its newest acquisition in the south-central United States, the $4 Million Dollar - 98 unit Sunset Ridge complex located in Edmond, Oklahoma, a suburb ofOklahoma City. Sunset Ridge, combined with this year's earlier large acquisition of Oklahoma City's Rockwell Plaza, brings Altus Equity Group's total number of units purchased in the Oklahoma City Metro area to over five hundred in addition to 200 units in California – bringing company holdings to over $50 Million. Forrest Jinks, Altus Equity CEO, believes that Oklahoma City—which boasts Forbes Magazine ranking as "#1 America's Most Affordable City," as well as Forbes top 10 for "Best Big Cities for Jobs"— represents opportunity and market potential moving forward. Learn more about Jinks and Altus Equity projects at: www.altusequity.com or call 707-932-5887.

Dome Equities Acquires North Miami Apartments

Dome Equities today announced its acquisition of Alta Mira, a Class A apartment community in North Miami, the firm's eighth Florida property. Built in 2014, Alta Mira has 240 units, and is conveniently located betweenDowntown Miami, Fort Lauderdale and Doral, which provides access to over 58 million square feet of office and industrial space. The property sits across from North Miami's Whole Foods, is near the Aventura Mall, Target, Miami Shores Country Club, as well as within a five-mile radius of four universities. The community consists of one, two and three bedroom units with an average square footage of 932.      

Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of and secured financing for a 31-property, Low Income Housing Tax Credit (LIHTC) portfolio totaling 8,498 units in various Florida locations.

Berkshire Group Purchases One Santa Fe in Los Angeles, CA

Berkshire Group announced the purchase of One Santa Fe in Los Angeles, California. The 438-unit Class A apartment community located in the Arts District of Los Angeles will be managed by Berkshire Communities, the property management division of Berkshire Group.

Resource Real Estate Opportunity REIT II, Inc. (“Opportunity REIT II”), a non-traded real estate investment trust sponsored by Resource Real Estate, Inc., today announced the acquisition of the Breckenridge Apartment Homes (“Breckenridge”) in Portland, Oregon.

Bascom Group Acquires North Austin Apartment Community

The Bascom Group, LLC acquired a multifamily asset with over 300 units located in the growing North Austin city of Round Rock. The property offers residents great access to North Austin's major employment corridors. Debt financing was arranged by De'On Collins,John Brownlee and Charles Halladay of HFF. Sean Sorrell with HFF represented the seller in the transaction.

The Praedium Group Acquires Miro Apartments in Los Angeles, CA for $47.05M

 The Praedium Group, a New York City-based national real estate investment firm, today announced the $47.05 million acquisition of Miro Apartments in Santa Fe Springs, CA, part of the greater Los Angeles area. Miro, which was brokered by Tom Moran, Jr. and Mike Murphy of Moran & Company, was developed in 2015 and is the newest and nicest apartment community in Santa Fe Springs. The Property consists of nine buildings spread across 5.8 acres located at the center of the region's newest master planned community, Villages at Heritage Springs. Unit interiors feature 9' ceilings, washers and dryers, stainless steel appliances, granite countertops, and maple cabinets. In addition, each unit includes a one-car garage or carport. Community amenities at the Property include a resort-style swimming pool, modern clubhouse, and two BBQ areas. There is also a state-of-the-art fitness center with a yoga studio, spin bikes, and digital fitness on demand. The announcement was made by Asim Hamid, Managing Director of The Praedium Group.

Cushman & Wakefield Acquires Multi Housing Advisors

Cushman & Wakefield announced today that the firm has acquired Atlanta-based Multi Housing Advisors (MHA) in a transaction that creates the leading multifamily brokerage platform in the Southeast U.S.

Emma Capital Investments Inc. ("Emma Capital") is pleased to announce the completion of the acquisition of Crosswinds Apartments, a 374–unit garden style multi-family apartment community located at 868 South Arizona Avenue, Chandler, AZ 85225 (submarket of Phoenix), Arizona(the "Property") at a purchase price of US$22,000,000 Million. This is Emma Capital’s 14th purchase in the United States and brings Emma Capital’s total acquisitions to date to over US$200,000,000 and over 3,000 apartment units.

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