JVM Realty Corp. (JVM), a leading vertically integrated multifamily real estate investment and property management firm, today announced that renovations are underway at four of its apartment communities in suburban Cleveland. The improvements, which include significant upgrades to both common areas and apartment homes, are taking place at the 366-unit Royal Oaks Apartments (North Royalton, Ohio), the 300-unit Dover Farms...
CiTYR, a fully integrated New York based commercial real estate investments firm has a core focus on multifamily equity investments. The firm has a predominant concentration in the multifamily arena with a goal of targeting stabilized, income producing properties in mature markets. Utilization of efficiently capitalized and managed assets provides CiTYR continued success in terms of maximizing equity returns and long-term stable...
Milestone Unitholders to receive US $16.15 per Unit in cash reflecting an attractive premium of approximately 16% to the 30-day volume weighted average price per REIT Unit and an average price per apartment unit of approximately US $120,000 Milestone Apartments Real Estate Investment Trust (TSX: MST.UN) ("Milestone" or the "REIT") announced today that it has entered into an acquisition agreement (the "Acquisition Agreement")...
Campus First Student Living and CF Real Estate Services LLC, have acquired University Orchard, located less than one-half mile from the main campus of Salisbury University in Salisbury, MD. Salisbury University is part of the University System of Maryland. Campus First will be overseeing the management of this 648-bed property as well as a $600,000 property upgrade program. The property will continue...
The Bascom Group, LLC ("Bascom") has acquired Pebble Cove Apartments ("Pebble Cove"), a 90-unit garden-style apartment community located at 5101 O'Bannon Drive, Las Vegas, NV 89103. The $9.1 million sale closed on December 22, 2016. Patrick Sauter and Art Carll with NAI Vegas were the brokers for the sale. Erich Pryor and Tom Sherlock with Talonvest arranged the $8.46 million loan with TCF Bank. Since 2013, Bascom and its affiliates have acquired twenty-nine multifamily properties...
