The 234 Apartment

LAS VEGAS, NV – 29th Street Capital (29SC), a privately- held real estate investment and advisory firm, has acquired Woodlake Villas Apartments , a 218- unit multifamily community in Las Vegas, Nevada. 29SC plans to implement a $1. 9 million capital improvement program to renovate unit interiors , enhance the property’s exterior and curb appeal and improve the amenity package. 29SC will also implement energy-efficient upgrades through the Freddie Mac Green financing program .The Las Vegas market has experienced significant economic improvements in recent years. In 2016 alone, the Las Vegas market ranked third in rent growth (Axiometrics), added 24,800 jobs and had a positive net migration of 40,000. Additionally, the Las Vegas MSA reported millennial population growth of 3.0% in 2016, which ranked the highest in the U.S.  “We are very pleased with the addition of Woodlake Villas to the 29SC portfolio and our expansion into the ever- improving Las Vegas market ,” said...

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...

Ocean Walk Apartments in Key West, Fla., features a clubhouse, swimming pool with a sundeck, tennis courts and a basketball court." /> Ocean Walk Apartments in Key West, Fla., features a clubhouse, swimming pool with a sundeck, tennis courts and a basketball court. KEY WEST, FLA. — Passco Cos., an Irvine, Calif.- based multifamily investment firm , has acquired Ocean Walk Apartments , a 297- unit multifamily community located at 3900 S. Roosevelt Blvd. in Key West, for $101.5 million. Hampton Beebe of ARA Newmark brokered the transaction on behalf of the seller, a partnership between Mast Capital and Rockpoint Group, and the buyer. Chris Black and Caleb Marten of KeyBank Real Estate Capital arranged acquisition financing for Passco through Fannie Mae. The property features a clubhouse, swimming pool with a sundeck, tennis courts and a basketball court. Prior to Passco’s acquisition, the majority of the unit interiors of Ocean Walk Apartments were renovated with granite c...