The 234 Apartment

OAK BROOK, Ill.--( BUSINESS WIRE )-- Inland Real Estate Acquisitions , Inc. announced today that it negotiated and helped close the purchase of Black Feather Apartment Homes , an 83- unit multifamily property located in Castle Rock, Colorado, a southern suburb of Denver. Matthew Tice, senior vice president of Inland Real Estate Acquisitions, Inc., facilitated the transaction, with assistance from David Neboyskey, assistant vice president and associate counsel of The Inland Real Estate Group , LLC, Law Department, on behalf of an Inland affiliate . Located directly off I-25 in a major retail corridor of Castle Rock, the property was recently constructed in 2016 and features a mix of townhome, three-story walk-up apartments and owned condominium units . The transaction consisted of 48 two-bedroom, 32 three-bedroom and three four-bedroom apartments with 49 detached and 28 attached garages and 131 open parking spaces. Each unit at Black Feather Apartment Homes features nine-foot cei...

OAK BROOK -- Inland Real Estate Acquisitions helped close the purchase of Black Feather Apartment Homes , an 83- unit multifamily property in Castle Rock, Colorado, a southern suburb of Denver. Terms of the acquisition were not announced. The property was constructed in 2016 and features a mix of townhouse, three-story walk-up apartments and owned condominium units . The transaction consisted of 48 two-bedroom, 32 three-bedroom and three four-bedroom apartments with 49 detached and 28 attached garages and 131 open parking spaces . Each unit at Black Feather Apartment Homes features nine-foot ceilings, stainless steel appliances , granite countertops and a full-size washer and dryer. The property also provides residents with access to a community swimming pool , clubhouse and barbecue areas. As of August 1, the property was 96.4 percent occupied. Matthew Tice, senior vice president of Inland Real Estate Acquisitions , Inc., facilitated ...

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...

FOR IMMEDIATE RELEASE Income Property Organization (IPO) completed record setting sales through the first half of 2017 for apartment communities in the Great Lakes market . IPO amassed a combined total of more than $63 million in transactional volume and is on track to see a 40 percent increase in business over 2016. The firm has grown to nine brokers and their market reach now extends beyond the Detroit Metro area west to Grand Rapids and south into Ohio. This significant activity is supported by a recent report commissioned by the National Multi- Family Housing Council , titled “U.S. Apartment Demand - A Forward Look,” which estimates future U.S. demand for apartments in all states and the top 50 metro areas , including Detroit. The research shows Detroit has nearly 232,000 units in 5-plus unit properties and is expected to see an average annual growth in demand for apartment units of 0.4 percent over the next 13 years. “This means a projected growth of 15,467 new units, whi...

TORONTO / DALLAS, TX, Oct. 30, 2014 (Canada NewsWire via COMTEX) -- Milestone Apartments Real Estate Investment Trust (MST.UN) ("Milestone" or the "REIT") today announced that it has completed the purchase of Villas at Shadow Creek ("Shadow Creek" or the "Property"), a 560- unit multifamily apartment community located in the Pearland submarket of Houston, Texas, for a purchase price of US$74.0 million. This acquisition was previously announced by the REIT on September 15, 2014. Shadow Creek was built in two phases in 2006 (296 units) and 2007 (264 units) and is currently approximately 95% occupied, with average monthly rents of approximately US$1,200 per unit. The Property's average in-place rents are higher than the REIT's portfolio average in part due to a higher proportion of two and three- bedroom apartment suites . Shadow Creek has the potential for a value- add program relating to unit interior upgrades . The Property features ...

A wealthy Orange County investor has acquired Brookstone Apartment Homes in Buena Park for $38 million. Patrick Cadigan , the former chief executive of Electronic Engineering Co. of California, bought the 184-unit community at 7400 Artesia Blvd. from L&B Realty Advisors , a Dallas- based investment firm with real estate holdings across the country. Built in 1977, Brookstone consists of 112 one-bedroom and 72 two-bedroom units across 17 two-story buildings. The property features a pool and spa, a fitness center and covered parking. Carl Greenwood , general partner of real estate investment firm Greenwood & McKenzie, said Cadigan liked the quality of the recently renovated complex . “There’s a shortage of supply of good apartment complexes for sale,” he said. Cadigan, who made headlines last year when he pledged to donate $27 million to a pair of schools in Boston, is one of the county’s largest real estate investors . He owns nearly 1, 800 apartment units across 11 comple...

NEW YORK, Aug. 15, 2017 ( GLOBE NEWSWIRE ) — Greystone, a real estate lending , investment and advisory company, today announced it has provided a $26.65 million Fannie Mae DUS ® loan in combination with $5.35 million in preferred equity from New York Mortgage Trust , Inc., for the acquisition of Autumn Park, a 358- unit multifamily property in Newark, Delaware. The transaction was originated by Keith Hires of Greystone’s Atlanta office with Ryan Ade and Neil Campbell of HFF as correspondents on the deal. The Fannie Mae DUS loan includes a 7 / 6 adjustable rate at 3 years of interest-only and a 30-year amortization. Autumn Park is a garden- style community comprising 1 -, 2-, and 3-bedroom apartments with a pool, located within easy access to I-95 and downtown amenities. During the underwriting process of the loan for Autumn Park, Greystone overcame a number of unique environmental challenges , including issues with an unprecedented number of underground storage tanks . Greystone wo...

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...

The Horizons at Rock Creek apartments in Superior have been sold in the largest multifamily transaction in Colorado history . In a deal that closed Monday, real estate investor Bell Partners of Greensboro, N.C., will pay about $250 million for the 1,206- unit luxury apartment complex to the southeast of U.S. 36 and South 88th Street . It marks the first western U.S. acquisition for Bell Partners, whose $ 5 billion apartment portfolio is based primarily in the Southeast. “They were looking for an opportunity to get into this market and establish a beachhead,” said Terrance Hunt, executive managing director of ARA, a Newmark Co., which brokered the transaction. “This was a prime opportunity for them to set up shop here.” The 80- acre property features a 13-acre lake and a 24,000-square-foot clubhouse. Horizons at Rock Creek sits west of the Interlocken business park and the FlatIron Crossing mall in Broomfield. “They will really be able to take advantage of the Interlocken mar...

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 ...

ARTICLE OPTIONS Throughout his early 60s, Brad Buchner and his wife, Elizabeth, lived in the kind of house that many near-retirees dream of: a peaceful, manageable ranch- style property tucked in a quiet Poconos town surrounded by trees, lakes, and plentiful open space . Costing anywhere from $30,000 to $150,000, tiny homes designed by Escape Homes enable anyone to travel around the country in a single-family home. As it turns out, however, that’s exactly what Buchner and his wife don’t want as they think about the next years of their lives. Three years ago, the Buchners packed their things and headed to Philadelphia, settling down in a Center City rental . As if ditching their longtime rural digs weren ’t enough, the pair also abandoned spaciousness, swapping their three-bedroom, two-bathroom home for precisely 345 total square feet . The transition has meant parting ways with a fully finished basement and a home office, and adjusting to an ovenless kitchenette and two miniature...

LOS ANGELES--( BUSINESS WIRE )-- Lowe Enterprises Investors (LEI), in joint venture with an institutional investor, has acquired The Reserve Glenview , a 239-unit transit-oriented apartment community which opened in 2015, located in the premier North Shore submarket of suburban Chicago. Set on 7.59 acres at the intersection of Waukegan and Golf Roads, it is immediately adjacent to the Golf Transit Metra Station and a new retail center providing grocery, restaurants, shops and services. “The Reserve Glenview is a well-designed, new community with a prominent location in North Shore, one of the best performing rental markets in suburban Chicago,” said Andy Sands, managing director, LEI. “It provides easy access to the area’s major employers and is steps away from public transit for commuting to downtown Chicago.” Located at 195 Waukegan Road, the community is designed with three-story buildings wrapping around a center parking structure . The community is an attractive option for p...

By Craig Young Reporter- Herald Staff Writer concrete slab foundation Monday at a new apartment complex under construction on" alt="Jaime Lupian with M&R Concrete, left, puts some finishing touches on a concrete slab foundation Monday at a new apartment complex under construction on" style="border: 0px;" /> Jaime Lupian with M&R Concrete, left, puts some finishing touches on a concrete slab foundation Monday at a new apartment complex under construction on the northeast corner of Southeast 14th Street and Lincoln Avenue in Loveland. The project, Pinyon Pointe, is directly west of Waterford Place Apartments , seen in the background. ( Jenny Sparks / Loveland Reporter-Herald ) LOVELAND -- The residents of Waterford Place Apartments in south Loveland will be getting new neighbors by the end of the year as the first units in a new complex open. Pinyon Pointe, a 166-apartment project at 451 SE 14th St ....

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...

A pair of North Charleston apartment complexes recently changed hands . Miami-based real estate investment firm Monument Capital Management , an A-Rod Corp. company, recently acquired the 222-unit Plantation Flats apartments at 2181 Dunlap St. behind the former HHGregg store off Rivers Avenue. The purchase price for the 15-acre complex was $21.6 million, according to Charleston County property records . The previous four owners — Alba Florida Rentals SPE, Alba Florida Investments SPE , JPM Naples SPE and Summit Place SPE  — paid $14 million for the apartments in 2015, records show. They also announced plans to invest $2 million in the property. +1  Alston Arms Apartments (copy)" class="img-responsive lazyload full" width="1848" height="1121" /> Alston Arms Apartments in North Charleston recently sold for $12.1 million to a New Jersey company. Leroy Burnell/Staff Meanwhile, the 160-unit Alston Arms Apartments at 2410 Alston Ave . off ...

August 16, 2017 | By Jennifer LeClaire MIAMI—Lake Tivoli Apartments, a 384- unit multifamily property in Kissimmee, just south of Orlando, has traded hands. The sale price: $49.5 million.

Mill Creek nabs $80M construction loan for phase two of Dadeland apartments CIT is the lender By Katherine Kallergis | August 21, 2017 08:45AM Rendering of Modera Metro Dadeland ’s second phase Mill Creek Residential just closed on an $ 80 million loan for the second phase of Modera Metro Dadeland , a 25- story apartment tower planned near Dadeland Mall, property records show . New York- based CIT Bank is the lender. Mill Creek, a Dallas- based multifamily developer , is building the 422-unit building at 8215 Southwest 72nd Avenue . Records show Mill Creek ’s Metro Dadeland II LLC paid $11.4 million for the 1.8- acre development site in 2014. Mill Creek is wrapping up construction of the first phase, also a 422-unit, 25- story rental development at the same address. Amenities will include two rooftop decks, a park and pet spa, parking garage, a pool, gym and clubhouse. Leasing begins in early September. The second phase will have its own amenities and leasing office. Constructi...