Greystone Real Estate Advisors’ Affordable Housing group today announced it has closed on the sale of Brentwood Apartments, a 98-unit affordable housing community, for $3,250,000. Located in Sioux Falls, SD, the asset was sold by Sioux Falls Leased Housing Associates II, LP to Legacy Development & Consulting Company, LLC. Eric Taylor of Greystone Real Estate Advisors’ Affordable Housing group represented the seller in the transaction.

The PPA Group, a multi-family focused commercial real estate investment and development firm, has acquired Citation North Apartment Homes in partnership with a private Israeli investment company. Grandbridge Real Estate Capital facilitated the deal. The 236-unit class C residence is located on eight acres in North Houston. Under its new ownership, the property will be renamed Highland Cross Apartments.

Owner Utilizes Long-Term Loans to Refinance & Acquire Prime Multifamily Property in NYC 

CAPREIT, a national real estate development and investment company responsible for the ownership and management of more than $5 billion of multifamily assets, today announced it has assumed management responsibilities for three affordable housing communities in the Miami metropolitan area. 

Greystone Brown Real Estate Advisors today announced it has closed on the sale of Chalet Valley, a 140-unit apartment community, for $6,115,000. Located in Dalton, GA, the asset was sold by Augsburg Investments, LLC to Dalton Valley, LLC. Taylor Brown, Walter Miller, Chandler Brown, and Bo Brown of Greystone Brown Real Estate Advisors represented the seller in the transaction.

Greystone, a real estate lending, investment, and advisory company, announced its Real Estate Advisors group closed the sale of Rose Park Plaza Apartments, a 112-unit affordable housing community in Billings, MT. Greystone’s Aaron Hargrove, Eric Taylor and David Garcia represented both the buyer, Capital Realty, and the seller, Rose Park Plaza Partners, Ltd., RLLLP, in the transaction.

JVM Realty Corp. (JVM), a leading vertically integrated multifamily real estate investment and property management firm, today announced it has acquired The Residences at New Longview, a newly constructed 309-unit luxury apartment community in suburban Kansas City.

Non-Profit Organization Has Built Portfolio of 23 Properties to Preserve Affordable Housing in the U.S.

Greystone Real Estate Advisors announced it closed the $12,500,000 sale of the Park at Trowbridge in Southfield, MI. A private equity group purchased the seniors housing property from a publicly-traded REIT on December 1. Mike Garbers and Cody Tremper of Greystone represented the seller in the transaction.