Property Management Deals
Berkadia announces it has secured a $51 million loan to refinance a 670,890-square-foot office/flex portfolio in Cummings Research Park in Huntsville, Alabama – the second-largest research park in the United States. The three-property portfolio consists of Perimeter Center (two mid-rise office buildings); Progress Center (five single-story office/flex buildings); and 110 Wynn (two single-story office/flex buildings). The portfolio, which sits approximately six miles from downtown Huntsville, is 91 percent leased.
San Diego-Based Firm Adds 103 Portland Units to Portfolio
Allied Orion Group has been selected by One Real Estate Investment (OREI) to manage The Kelston, The Avalon, and Axiom Apartments in Charlotte, NC--adding more than 750 units to its expanding portfolio in the Piedmont Region.
The Altman Companies, a nationally recognized developer, builder and manager of exceptional rental apartment communities, is pleased to announce that its division Altman Management Company will now be managing New River Yacht Club in Fort Lauderdale, Florida, a luxury 26-story residential tower located high above the New River shore in the heart of Downtown Fort Lauderdale.
The Altman Companies, a nationally recognized developer, builder and manager of exceptional rental apartment communities, is pleased to announce that its division Altman Management Company will now be managing New River Yacht Club in Fort Lauderdale, Florida, a luxury 26-story residential tower located high above the New River shore in the heart of Downtown Fort Lauderdale.
Multifamily industry leader adds five communities totaling nearly 850 apartments, launches leasing at two new projects
Allied Orion Group (AOG) has been tapped to manage Lotus Village Apartments, a 222-unit apartment community in Northeast Austin. The firm is further expanding its growing management portfolio and presence in the Austin market.
Atlanta/Baytown, Texas – Stonemark Management is now managing The Standard at Eastpoint Apartments in the Houston Metropolitan area. The Class A luxury multifamily community, formerly known as Ravella at Eastpoint, has 283 one-, two- and three-bedroom apartments. The 12 floorplans include two-story townhomes with yards.
The Altman Companies, a nationally recognized developer, builder, and manager of exceptional rental apartment communities is pleased to announce that it will now be managing the Avery Pompano Beach, an eight-story, high-tech apartment tower located north of East Atlantic Boulevard and just steps from the beach. A division of The Altman Companies, Altman Management was hired by the Frankforter Group, a Canadian-based real estate investment and asset management firm, who recently purchased the community.
Atlanta/San Antonio, Texas - Stonemark Management is now managing The Oaks at La Cantera in San Antonio. The community, formerly known as Alpin Park, features 124 one- and two-bedroom apartments ranging from 542 to 1,150 square feet. Four different floorplans, including roommate lay-outs, are available.