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. With the addition of MHA, Cushman & Wakefield now commands 23.8 percent of multifamily investment sales in the Southeast, year-to-date. The combined firms, with nearly $3 billion in transactions, captured 20 percent of 2015 Southeast...
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...
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 property consists of 19 residential buildings and one stand-alone leasing center...
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...
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 -...
