Company Acquisitions
MCB Real Estate acquires Pinkard Properties - Katherine Pinkard to lead Property Management Division
MCB Real Estate, a privately-held institutional investment management firm with a nationwide portfolio of operating assets totaling approximately 15 million square feet, has acquired Pinkard Properties and its 14-person professional team. Katherine Pinkard, co-founder of the company which provides asset and property management services for approximately two million square feet of commercial office, flex/office, warehouse/industrial, and retail space in the Maryland region, has been named Senior Managing Director, Property Management for MCB Real Estate. MCB’s current Property Management division leader, Marty Lastner, recently announced plans to retire.
A 226-unit apartment complex located at 660 Yorktown Street, Dallas, TX 75208 has sold. The seller, Nuveen Real Estate, has sold the 2016-built, Class A property to ShainRealty Capital, a Los Angeles privately-owned real estate investment firm, run by brothers Jonathan & Elliot Shainberg.
STANDARD COMMUNITIES ACQUIRES $1 BILLION PORTFOLIO IN LARGEST AFFORDABLE HOUSING TRANSACTION OF 2024
Standard Communities, a major national affordable housing developer and investor, has acquired a 100% affordable housing portfolio valued at over $1 billion consisting of over 6,000 apartment homes in more than 60 communities in four states.
Located in One of the Fastest-Growing Cities in the Country, Rock Springs Duplexes Represents the Multifamily Real Estate Leader’s Expanded Presence in the Attractive Round Rock submarket
Tripalink, a venture capital-backed tech startup revolutionizing the long-term rental market, is pleased to announce its acquisition of Varsity, a leading student housing operator with 3,900 units primarily located on the East Coast. This strategic move significantly enhances Tripalink's national portfolio, which now manages over 10,000 units across the country, and is expected to create substantial opportunities for clients, team members, and residents alike.
This partnership marks Eastham Capital’s 54th & 55 th acquisition with local operating partner
Continental Realty Corporation (CRC), a Baltimore-based real estate investment and management company active in 12 states, has acquired its second multifamily community in the greater Bluffton-Hilton Head, South Carolina area with the recent $44.5 million acquisition of Bristol at New Riverside, located at 205 Forest Trace in Bluffton. Developed by Madison Communities, delivered in 2024, and formerly known as Madison New Riverside, the 166-unit two- and three-story garden community was 90 percent leased at the time of this transaction. Taylor Bird, Executive Managing Director of Cushman &Wakefield, represented the seller in this transaction.
Global residential property management group continues significant U.S. expansion
JRK Property Holdings out of its JRK Platform 5 Fund has acquired in separate transactions two Class A multifamily communities in Minneapolis and San Francisco for nearly $100 million.
Today marks the launch of Pratum Companies, a national, integrated real estate firm, following Full Circle Real Estate Partners' acquisitions of Edgewood Management Corporation and Presidential Service Industries and the formation of FCRE Compliance and Leasing. Now powered by new leadership under CEO Shah Alam, Pratum has expanded its executive team with Steve Lainez as president of the commercial cleaning division and Adriana Ortega Diaz as president of the compliance and leasing consulting division.