Property Management Deals

CAPREIT, a fully-integrated real estate operating company responsible for the ownership and management of more than $5 billion of multifamily assets, today announced it has taken over management responsibilities of Allentown, an affordable apartment community located just south of the Capital Beltway about 12 miles southeast of Washington, D.C

Allied Orion Group has been chosen to manage FalconView Apartments, a 288-unit, luxury apartment community under construction in Colorado Springs. The firm continues to expand its management portfolio in Colorado and has established its footprint in Colorado Springs. 

Multifamily industry leader adds coveted apartment community within $4 billion development to its portfolio

Multifamily property management firm Caliber Living announces that Bellamy Daytona Student Apartments, scheduled to open in August, is already 100% leased. Bellamy Daytona, which has 376 beds, is the newest student housing community in Daytona Beach, Florida. What’s more, Caliber announces that it has signed new management contracts as well. 

CLEARWATER, FLA. (July 3, 2019) – Berkadia has arranged the sale of Turnbury at Countryside, a 350-unit garden-style multifamily property located in Clearwater, Florida. Jason Stanton, Managing Director of Berkadia’s Tampa office and Senior Managing Director Cole Whitaker of Berkadia’s Orlando office arranged the sale on behalf of McKinley Companies LLC. MLG Capital purchased the property. “This property was acquired on a loan assumption basis and represented a great valueadd opportunity in a central Clearwater infill location, close to major employers and demand drivers,” said Stanton. Built in 1974 on 15 acres at 25350 U.S. Highway N. 19, Turnbury at Countryside consists of studio, one-, two- and three-bedroom apartments, averaging 839 square feet. Individual units feature central air conditioning and heat, screened-in private balconies or patios, and washer-dryer connections. The community offers two swimming pools, a dog park, tennis court, a sand volleyball court, 24-hour fitness center and Wi-Fi sundeck. Turnbury at Countryside is located seven miles from downtown Clearwater, close to Interstate 19, providing residents easy access to a diverse mix of shopping, dining, and entertainment options. Mease Countryside Hospital, a major employer in the area, is underway on a $156 million expansion project. Other major employers in the area includes Tech Data’s headquarters and Lincare Holdings, Inc. About Berkadia®: Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets. To learn more about Berkadia, please visit www.berkadia.com.

Atlanta, Ga. – Stonemark Management is now managing Cumberland Crossing Apartments, in Marietta, Ga. 29th Street Capital, which recently acquired the 286-unit property, appointed Stonemark to manage and lease the community.  Stonemark will also oversee a capital program to renovate the interiors, upgrade the amenities and enhance curb appeal.

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