Property Management Deals

Ashcroft Capital (“Ashcroft”), a vertically integrated multifamily investment firm, today announced the closing of a strategic partnership (the “Partnership”) with institutional investors including investment funds advised by Goldman Sachs Asset Management and Blackstone Strategic Partners. The Partnership will provide liquidity to existing investors across the Ashcroft portfolio in addition to funding future acquisitions. The Partnership expects to invest in value-add multifamily properties throughout the Sun Belt markets, and Ashcroft currently anticipates that the Partnership will acquire real estate assets with an aggregate cost of $800 million. 

Premier multifamily management firm to oversee trendsetting developer’s Spoke-branded projects in Charlotte and Georgia

Chicago, IL – Peak Properties, LLC continues its expansion of management accounts focused on nontraditional student housing in Evanston with a three-building portfolio totaling 105 apartments and five commercial spaces.

Murphy Development Group’s luxury apartment development Highpoint at 8000 North kicked off leasing and welcomes its first residents. Luxury Living Chicago Realty serves as the exclusive marketing and leasing provider while Lincoln Property Company will provide property management services for Skokie's premier residential rental building. 

Allied Orion Group has been selected to manage five affordable housing redevelopment communities for BGC Advantage: College Park (consisting of College Park Family I & II and College Park Senior), Askew Place/Uptown Rental Homes in Memphis, and Windsor Maley at the River in Daytona Beach, Florida.

Adela MiMo Bay, Hidden Lake and Vista Lago in Miami, Stellar at Emerald Hills in Dania Beach, Camila in Kissimmee, 79West in Panama City Beach strengthen multifamily management firm’s portfolio

The Altman Management Company (AMC), a division of The Altman Companies, will now be managing Yard 8 Midtown, a ultraluxe 387-unit building, featuring studios, 1-, 2- and 3-bedroom units. Yard 8 Midtown is located at 2901 NE 1st Avenue on the edge of dynamic Wynwood near the Design District in Midtown Miami, Florida.

The Altman Management Company (AMC), a division of The Altman Companies, is pleased to announce it will now manage Caoba Miami Worldcenter luxury apartments, located within a 27-acre, mixed-use development spanning ten blocks in Downtown Miami. Completed in 2019, Caoba rises 43 stories and includes 444 luxury apartment homes. Caoba, the Spanish word for mahogany, possesses an appropriate balance of fresh indulgence and leisure, providing a living experience that embraces the rich and vibrant textures that surround Miami.

Allied Orion Group has been chosen to manage Virtuo Med Center, a 326-unit apartment home community in Houston, Texas. Opening this month, Virtuo Med Center will provide luxury living convenient to the Texas Medical Center.

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