Transactions: Page 6

  • Four story, new, modern apartment with a Starbucks on the ground floor.
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    Permission granted by Virtú Investments
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    Q&A

    Investor sells in the Sun Belt, buys in California

    When cap rates fell below 3% in Phoenix, Virtú Investments CEO Mike Green knew it was time to shift to lower-supply markets.

    By • Aug. 1, 2024
  • A panoramic view from above San Francisco's financial district on a bright sunny day.
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    georgeclerk via Getty Images
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    Ballast and Goldman Sachs give up 82 San Francisco properties

    Owner and manager Hamilton Zanze is reportedly in line to handle the operation of the three portfolios.

    By • Aug. 1, 2024
  • white apartment buildings surrounding a pool
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    Permission granted by Cortland
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    DEALS + STARTS

    Houston acquisition could be a harbinger of busy second half

    EVP of Investments Kyle Bateh sees a lot of dry powder on the sidelines waiting to make deals.

    By • July 29, 2024
  • Mixed-use multifamily residential district area development with blue sunny sky background
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    Svetlana123 via Getty Images
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    Apartment sales volume finally turns positive as AIR-Blackstone deal closes

    Investment activity jumped 20% in the second quarter after seven consecutive quarters of high double-digit declines, according to MSCI.

    By • July 26, 2024
  • Aerial picture of a garden-style apartment community surrounding water.
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    Permission granted by JBM Institutional Multifamily Advisors
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    DEALS + STARTS

    Inland sells Florida asset to Interface Properties

    JBM Institutional Multifamily Advisors, which brokered the deal, sees the transaction market opening up in the Sunshine State.

    By • July 24, 2024
  • Picture of new light-colored apartments with a highway and water in the background.
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    Permission granted by Woodfield Development
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    Q&A

    Why Woodfield thinks now is a good time to get shovels in the ground

    The developer sees an opportunity to open new projects in an advantageous market in 2026, according to partner Greg Bonifield.

    By • July 23, 2024
  • Home Foreclosure Sign
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    tntemerson via Getty Images
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    5 ways a manager can insulate itself from a distressed owner

    Operators can survive a troubled client by doing their homework, bringing in equity and working with the lender.

    By • July 22, 2024
  • Aerial picture of apartment community
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    Permission granted by Hamilton Point Investments
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    Q&A

    Finance exec says now is a good time to buy apartments

    Hamilton Point Investments recently bought four new properties in Houston and is ready to make more deals, according to co-founder Matt Sharp.

    By • July 18, 2024
  • High rise building with a Whole Foods in the foreground
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    Retrieved from Flaherty & Collins.
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    Lender moves to foreclose on Flaherty & Collins’ Indianapolis high-rise

    Prime Finance is suing for $101 million after the apartment developer allegedly defaulted on payments on the 27-story property.

    By • July 17, 2024
  • Photo of a invoice with past due stamp
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    webking via Getty Images
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    Trepp: Multifamily CMBS delinquency moves past 2%

    The special servicing rate for apartments fell in June but remained above 5%.

    By • July 15, 2024
  • the bottom of a high-rise building in San Francisco surrounded by streets smaller buildings
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    Retrieved from Crescent Heights.
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    Crescent Heights secures loan modification at beleaguered San Francisco property

    The developer will retain control of the 754-unit NEMA San Francisco apartment complex after paying its lenders $10.5 million.

    By • July 12, 2024
  • An exterior view of an office building
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    Permission granted by Continental Realty Corp.
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    Q&A

    CRE exec embraces market reset

    Nicole Brickhouse is the newly appointed director of capital markets at Baltimore’s Continental Realty Corp.

    By • July 11, 2024
  • Aerial picture of brick apartments, grass, parking lots and a pool.
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    Permission granted by Morgan Properties
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    Morgan acquires 3,434 units in its home state

    The apartment owner plans $80 million in upgrades at the 11 properties in Pennsylvania.

    By • July 10, 2024
  • Picture of a pool at an apartment property
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    Permission granted by Mill Creek
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    DEALS + STARTS

    Inside Mill Creek’s evolution to a full-service investment management firm

    Although the Florida-based developer made its name in new construction, value-add purchases and structured products will represent a larger part of the business going forward.

    By • July 8, 2024
  • A person in a blue shirt and black pants and shoes wears a surgical face mask and walks past a window. In the window, a sign reads "Retail for Lease."
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    Justin Sullivan/Getty Images via Getty Images
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    5 US cities prime for office-to-residential conversions

    An Urban Institute analysis names the cities that could benefit most from adaptive reuse projects based on office real estate markets and housing supply needs.

    By Ysabelle Kempe • July 2, 2024
  • Bright colored high-rise apartments towering above nearby properties.
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    Permission granted by KKR
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    KKR purchases Quarterra portfolio for $2.1B

    Carter-Haston, MG Properties and Dalan Real Estate will operate the assets for the New York City-based global investment firm.

    By • June 28, 2024
  • Light blue garden-style apartment with grass in the foreground.
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    Permission granted by Matheson Capital
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    DEALS + STARTS

    Growing Charleston, South Carolina-based firm enters Georgia, making its largest deal to date

    Matheson Capital purchased the 248-unit Residences at St. George in Savannah — its 14th acquisition as the lead sponsor.

    By • June 24, 2024
  • New apartment building surrounded by a pool
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    Permission granted by Palladius Capital Management
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    DEALS + STARTS

    Palladius Capital Management grabs a student property in San Antonio

    CEO Nitin Chexal explains why the firm has invested $170 million along the I-35 corridor over the last 12 months.

    By • June 18, 2024
  • Bank corporate finance building seen from below. The sign "bank" visible close.
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    olaser via Getty Images
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    Trepp: Delinquencies increase again as servicing rate rises

    There was $245 million in newly delinquent multifamily loans during the month of May, according to Trepp.

    By • June 17, 2024
  • Brown, brick garden-style apartments
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    Permission granted by Nuveen
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    Nuveen strikes $100M deal with CalPERS

    The nation’s fourth-largest owner is working to preserve housing for residents earning less than 80% of the area median income.

    By • June 14, 2024
  • Apartment property with trees and grass to the right
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    Permission granted by CBRE
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    DEALS + STARTS

    Nuveen lands Minneapolis-area property for almost $50M

    Capreit sold the four-building, 282-unit complex that was built in 1998.

    By • June 10, 2024
  • Dark high-rise apartment building
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    Retrieved from Tribeca NoMa.
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    Another DC building heads to auction

    A second apartment in Washington’s NoMa neighborhood faces foreclosure.

    By • June 6, 2024
  • Four story building with Peets Coffee on the ground floor
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    Permission granted by Cityview
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    DEALS + STARTS

    Cityview, Greystar sell California property

    Although a buyer wasn’t named, the 164-unit asset in Mountain View is now listed on Essex Property Trust’s website.

    By • June 3, 2024
  • Brick apartment building
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    Retrieved from The Lanes at Union Market.
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    Ranger Properties’ Washington, DC, building sold at auction

    HH Fund bought the 110-unit project in the city’s Union Market neighborhood for $38.3 million.

    By • May 31, 2024
  • Two-story brown, brick apartments with grass and tree in the foreground.
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    Permission granted by Lion Real Estate Group
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    DEALS + STARTS

    Lion Real Estate Group moves into Charlotte, North Carolina

    The real estate investment and asset management firm has acquired a 225-unit apartment complex in the northern part of the the city.

    By • May 29, 2024