Greystone’s Debt Advisory Group Marketed and Secured Bank Financing for Acquisition by Silverback Development and AEW Capital Management Greystone Development, a New York-based real estate development company, today announced it has sold the residential component of 24-16 Queens Plaza South in Long Island City for an undisclosed amount. Drew Fletcher, head of Greystone’s capital markets advisory team, negotiated the sale...
Real estate veterans Brian Metzler and Graham Carpenter have joined forces to establish PENLER, a new multifamily investment platform. The goals of the new company, headquartered in Atlanta, include the acquisition, development and asset management of apartment communities across the Sun Belt. Throughout their collective 30+ years in real estate, the co-founders and managing partners have closed more than $5.2...
Commercial Real Estate Investment Firm Plans More Acquisitions in the Region This Year and Beyond Tower 16 Capital Partners, in a joint venture with Henley USA, has acquired Hillside Village Apartments, an 80-unit multifamily project in San Bernardino, for $11 million from a private seller. This is the first of many acquisitions the company plans to make in the...
LOS ANGELES, CA (Sept. 11, 2018) — TruAmerica Multifamily has acquired Solis at Winter Park, a 596-unit Class-B multifamily property in Orlando, FL in a transaction valued at $79 million. With the acquisition of Solis, TruAmerica, one of the fastest growing apartment operators in the United States, has invested approximately $500 million in nine Florida communities since entering...
RealPage, Inc., a leading provider of software and data analytics to the real estate industry, today announced its agreement to acquire substantially all of the assets of LeaseLabs, an award-winning provider of digital marketing services and software to approximately 800,000 units in the multifamily housing industry. The acquisition of LeaseLabs is expected to extend the RealPage marketing platform by adding...
