Standard Communities, a leading national affordable housing developer and investor, has expanded its principal offices and added staff reflecting robust business. Standard is one of the 20 largest owners of affordable housing in the United States with nearly 19,000 residential units in its portfolio, an increase of more than 10,000 units since 2021. It has 119 properties across 16 states...
News From DB Capital DB Capital Management (“DB Capital") has closed on the recapitalization of Ascent at Union Square in Provo, UT, a 139-unit garden style community acquired by the Denver-based multifamily investment firm in December 2020. Over the past two years, DB Capital invested in a multimillion-dollar capital improvement program repositioning the 1990’s vintage property to compete on price...
Michigan Avenue Real Estate Group and its property management subsidiary, GERAM Property Management, announce today the launch of its new property management brand, The Maeve Group. The Maeve Group will continue to offer exceptional property management services for a boutique portfolio of apartment properties developed by Michigan Avenue Real Estate Group in the West Loop, Oak Park, and Evanston. Today’s...
Standard Communities, a major national affordable housing developer and investor, has acquired controlling interest in an affordable housing portfolio of nearly 3,200 units in Florida and Georgia. The transaction is Standard’s largest acquisition. Standard will invest nearly $25 million in capital improvements across the portfolio to benefit nearly 10,000 residents and ensure that the communities remain affordable, strong and...
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...
