Company Acquisitions

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.

Acquisitions in Dallas, Austin and Las Vegas total more than 1,300 units of workforce housing; Will address affordability crisis while generating strong risk-adjusted returns for investors

The Turner Multifamily Impact Fund, a real estate investment fund managed by Turner Impact Capital designed to address the nation’s growing shortage of affordable workforce housing, has expanded its portfolio with the acquisition - within the past three months - of four multifamily housing communities, totaling more than 1,300 units in the key growth markets of Dallas, Austin, and Las Vegas. The acquisitions expand the fund’s total portfolio to nearly 2,500 units.

Berkshire Group Purchases Cook Street Apartments

Continues to Strategically Invest in Portland Market

Berkshire Group announced the purchase of Cook Street Apartments in Portland, Oregon, from Seattle-based developer, Lake Union Partners. The 206-unit, Class A apartment community located in the Williams District of urban Portland will be managed by Berkshire Communities, the property management division of Berkshire Group. This transaction represents Berkshire Group’s second multifamily investment in urban Portland in 2016 following the Lower Burnside Lofts acquisition in February.