The 234 Apartment

Community amenities at Canyon Creek include a swimming pool, hot tub, fitness center, playground, clubhouse and business center. PORTLAND, ORE. — Aukum Management LLC has purchased the 372- unit Canyon Creek apartment community in the Portland submarket of Wilsonville for $49.5 million. The community is located at 26310 SW Canyon Creek Road , about 16 miles south of Downtown Portland. The property is 95.7 percent leased. Its units average about 858 square feet. Community amenities include a swimming pool, hot tub, fitness center, playground, clubhouse and business center. The seller, a private investor, was represented by HFF’s Ira Virden and Kerry Hughes. Tagged sales_and_leases

Austin, Texas, Aug. 22, 2017 (GLOBE NEWSWIRE) -- Campus Advantage® and Pinecrest have broken ground on a 197-unit, 489- bed ten story student housing community near the University of Pittsburgh and Carnegie Mellon University in Pittsburgh, Pennsylvania. Located on Forbes Avenue, The Bridge on Forbes fronts onto the main retail corridor for students attending both universities and is also located steps away from UPMC – Montefiore and Magee Womens Hospital in the thriving Oakland neighborhood of downtown Pittsburgh. The community will feature fully-furnished studio, 1-bedroom, 2-bedroom and 3-bedroom apartments and offer residents a walkable location to the University of Pittsburgh and Carnegie Mellon University campuses . Each fully-furnished residence will include a living room TV , dishwasher, microwave, high-quality range, quartz countertops, refrigerator, in-unit washer and dryer, cable and high-speed internet, all of which will be included in monthly rental rates . Each indivi...

WEST YARMOUTH, Mass. , Aug. 17, 2017 /PRNewswire/ -- Mill Hill Residence , a Maplewood At Mayflower Place community , will announce its grand opening on Wednesday, August 23 rd from 4:00 PM to 7:00 PM at the former site of the Mill Hill Club at 164 MA-28 in West Yarmouth . Attendees will have a first look to see the residence and experience its personalized services and amenities.    Maplewood Senior Living )" src="https://mma.prnewswire.com/media/546334/Maplewood_Senior_Living_Grand_Opening.jpg?w=800" alt="(PRNewsfoto/ Maplewood Senior Living )" class="img-responsive" /> (PRNewsfoto/ Maplewood Senior Living )... In attendance at the event will be Representative William L. Crocker, Jr. and Yarmouth town officials including Town Administrator Daniel Knapi...

NEW YORK – Aug. 22, 2017 – With all the talk about aging baby boomers and life- extending health care advances , it might be a bit bewildering deciding which seniors housing assets are best primed for success. Lee Everett, managing consultant at research firm CoStar Portfolio Strategy , might be able to provide some clarity. Two product types – active adult communities and continuing care retirement communities (CCRCs – will be the winners in the seniors housing race both in the short and the long term, Everett says. Everett and his CoStar colleagues are bullish about active adult communities , which are age-restricted developments that offer an independent lifestyle and relatively maintenance-free housing. Growth in this segment is "just around the corner," with more baby boomers getting older and seeking alternatives to traditional homes and apartments. "We're looking at a period where there's going to be a lot of fast and explosive growth in active a...

Freedom Gardens in Brooksville, Fla., features one- to three-bedroom units with rents ranging from $400 to $880 per month. BROOKSVILLE, FLA. — Housing Trust Group (HTG) has opened Freedom Gardens , an $18. 5 million affordable housing community situated in the Central Florida city of Brooksville. Located at 932 Freedom Way, the 96-unit property is part of a two-phase development. The second phase of Freedom Gardens will provide an additional 94 units and is slated to break ground in the first quarter of 2018. Freedom Gardens offers one-, two- and three-bedroom units with rents ranging from $400 to $880 per month. Community amenities include a cyber café, swimming pool, after-school care, laundry facility, fitness center, walking path, community gathering area and a pet park. The property achieved a green building certification under the National Green Building Standard administered by the National Association of Home Builders. Tagged new_projects

CHICAGO--( BUSINESS WIRE )--Waterton, a U.S. real estate investor and operator, today announced the acquisition of a 404- unit rental community in Arlington, Va., approximately 3 miles southwest of the Pentagon. Built in 1992 and formerly known as Windsor at Shirlington Village, the property at 3000 S. Randolph St. is being rebranded as The Citizen at Shirlington Village following Waterton’s acquisition. Offering a mix of one-, two- and three-bedroom floor plans – 132 units in an eight-story tower and 272 in a low-rise component – the community is located within The Village at Shirlington, a small transit-oriented neighborhood with a host of shopping, dining and entertainment options. “The Citizen offers the walkable, urban-inspired lifestyle many renters seek in an accessible location close to the Pentagon and jobs throughout the D.C. metro,” said Matthew Masinter, senior vice president of acquisitions at Waterton. “Because the property was developed 25 years ago, it also prese...

8/18/2017 4:14:00 PM Jackson's Apple Hill Apartments celebrate remodeling with Open House Apple Hill Apartments site at 15 Orchard Lane in Jackson has recently undergone some major positive changes. To celebrate this, an open house event and ribbon-cutting ceremony was held on the afternoon of Wednesday, Aug. 16. Shown above (from the left) during the ribbon-cutting are Jackson City Councilman Jeff Elliott ; Jackson Council President Eric Brown ; USDA Rural Development representative Brent Warren ; Jackson City Councilman Jon Hensler ; Architect Stan Strickland ; Bernard Swack, Robert Bender and Diana Swack of the Provident Companies ; John Kircher of the Ohio Capital Corporation for Housing; Stan Uchida of Park National Bank ; Cheryl Thiessen of Jackson- Vinton Community Action ; and Diane Alecusan of the Ohio Housing Finance Agency . (Telegram Photo By Phillip Buffington)" title="" /> The Apple Hill Apartments site...

Midtown West Development " src="https://media.atre.yardi.com/1/11100/images/Gothams-Midtown-West-Development-.jpg?w=270&h=129" alt="" width="270" height="129" /> Gotham's Midtown West Development New York— Gotham Organization Inc. has commenced construction on a $ 520 million development in Manhattan’s Midtown West district . The four-building complex will span from West 44 th to West 45 th Street and from 10 th to 11 th Avenues. The mixed-use project will have over 1,200 units available for rent. “Through an innovative partnership with the City of New York, Gotham Organization is proud to take the lead on a development that changes the face of Midtown West,” says David Picket, president of Gotham Organization . “This bold investment in our City’s future will create hundreds of new jobs, generate millions of dollars in revenue for the construction industry, contribute toward the building of a new primary school and provide ...

Fort Worth, TX - March 31, 2017 - DIJ Properties is proud to announce the acquisition of Copper Creek Apartments , a 275- unit multifamily property in Fort Worth, Texas. In accordance to its previous strategic investment in the booming Fort Worth area , DIJ Properties singled out the Copper Creek Apartments for the property’s unique attributes and favorable location in east Fort Worth . Copper Creek is situated at the intersection of the heavily transited I-30 and I-820, which facilitates access to the DFW metro complex area . The beautiful, multi- family apartment community is comprised of 274 homes, on a wooded area of land which spans over 12.46 acres. Combining luxury and affordability, Copper Creek Apartments offers a wealth of amenities, which cater to the needs of families looking for a secure, welcoming and well- managed community in the Fort Worth area . DIJ’s spokesperson stated that “Our company is honored to announce that it has acquired Copper Creek Apartments . W...

ORANGE — As Chapman University helps students move in this week, it will be housing 37 percent of its undergraduates on campus, while many more will spread out into rented rooms and houses in nearby Old Towne Orange neighborhoods . Within four years, the university expects to have 48 percent of its students living in dorms, one project away from meeting Chapman President Daniele Struppa ’s commitment to the community to get half of its students into campus-controlled housing and out of neighborhoods. For years, college life and neighborhood serenity haven ’t always mixed. The volume of residents’ complaints growing until Chapman paused expansion plans in 2015 to first address the friction. Struppa took over the reins at Chapman last year as neighbors’ frustration with parties, noise, parking and bad behavior peaked . He assured residents that getting more students into campus-run housing would be one of his first priorities. Chapman University bought property adjacent to its Pather...

The 716-square-foot one-bedroom, one-bathroom condo at 1121 Arlington Blvd., Unit #631, in Arlington, Va., is listing for $195,000. (Redfin) When you want to own a house near a Metro station and have a tight budget, a condo can be a good solution as long as you are careful to include the condo fee in your housing payment calculation . While even condos in the District can be pricey, crossing the Potomac into Arlington can sometimes get you more for your money, but you’ll have to shop carefully. The median sales price in Arlington County was $625,000 in June, according to the Northern Virginia Association of Realtors. Yet some condos are available to buyers looking for affordability. For example, the condo at River Place at 1121 Arlington Blvd., Unit #631, is priced at $195,000. The monthly condo fee is $450 per month, and annual taxes are $2,123 for the one-bedroom, one-bathroom unit, which has 716 square feet. The condo fee includes all utilities. [Studio condo in Arlington ...

A Dallas- based real estate company has bought Woodhollow Apartments , 4502 Lake Shore Drive , and plans to remodel the interiors of its 220 units. The acquisition is part of Performance Properties ’ strategy to acquire 1, 500 upscale apartment units around the state. Woodhollow, which is located near Lake Waco and McLennan Community College , is a mix of one- and two- bedroom units averaging 741 square feet in size. It sits on 11 acres in a wooded setting, is 96 percent occupied, and amenities include a sand volleyball court , hot tub, two swimming pools and a dog park. Since 2013, partners David McQuaid and Todd White have focused on acquiring older apartments in need of repair. They have completed more than $73 million in transactions, amassing more than 1,000 units in Dallas and creating $10 million in gross annual revenue , according to a company news release . The company said acquisitions so far generally have required major renovations inside and out, but...

The mid-rise property contains five buildings and 4,708 square feet of ground-floor retail that is currently occupied by two restaurants and a salon. SAN FRANCISCO — A state pension fund advised by L&B Realty has received $90 million to refinance the 414- unit South Beach Marina Apartments in San Francisco. The Class A community is located at 2 Townsend St. South Beach Marina Apartments was built in 1989. The mid-rise property contains five buildings and 4,708 square feet of ground-floor retail that is currently occupied by two restaurants and a salon. Amenities include two tennis courts, a luxury lobby/lounge area, community/billiards room, landscaped courtyard, outdoor pool, and spa and fitness center. Grandbridge Real Estate Capital originated the 12-year, interest-only loan. Tagged loans

HENDERSON, NV - Roxborough Fund I, an affiliate of San Francisco- based real estate investment firm The Roxborough Group, LLC in partnership with Continental Realty Advisors , a Denver-based multi- family investment and management firm , completed the acquisition of Turtle Creek Apartments , located in the Las Vegas suburb of Henderson, Nevada.  Deal terms remain undisclosed .The 400- unit apartment complex is located in Henderson, Nevada, one of the most desirable submarkets of Las Vegas. The property's immediate location is particularly attractive due to its close proximity to Union Village, a 155 acre health care complex currently under construction on its first phase (Henderson Hospital), which is due to deliver in October 2016. Turtle Creek will benefit from the new hospital, which is anticipated to create over 700 new jobs. Also, Union Village is expected to create 17,000 direct and indirect jobs after full build-out. The property is located near a strong amenity b...

Cherry Creek Apartments, at 1100 Crystal Spring Lane off Central Pike in Hermitage, is BC Property Investments’ latest Nashville purchase. (Photo: Submitted) Story Highlights 627- unit community the third local acquisition for BC Property Investments LLC in just over two years A Miami- based real estate investment firm has bought the 627- unit Cherry Creek Apartments in Hermitage for $86.5 million. The deal is BC Property Investments LLC 's latest Nashville - area apartment acquisition in the past year and a half. Locally, the company owns the 624-unit Lakes of Bellevue apartments in Bellevue and the Viera Cool Springs apartments in Franklin. BC Property acquired Cherry Creek Apartments , which is at 1100 Crystal Spring Lane off Central Pike, from the Norfolk, Va.- based private real estate investment and management firm Harbor Group International . Amenities include three resort-style pools, tennis courts, a car care center , a pet park, fitness center, sand volleyball ...