News
Sandtown Rental Asset Trades for $44.7M
Marcus Partners and ECI Group acquired Panther Riverside Parc, a 280-unit, multifamily community located in Atlanta’s Sandtown submarket. The seller was Panther Residential, and the price was $44.76 million. Marcus has been active in the region. “Panther Riverside Parc marks our third acquisition in Atlanta in recent months, underscoring our continued conviction in the Southeast,”...
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Greystar Offloads 330-Unit Davenport Multifamily Property
Katz Properties has paid $70 million for The Ridge at Champions, a 330-unit multifamily property in Davenport, Fla. Commercial Edge reports the firm also took out a $38.5 million acquisition loan from United of Omaha Life Insurance Co. Greystar, the seller, completed the multifamily development in 2023 using funds from a $42.7 million construction loan originated by...
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From Policy to Homes: Advancing British Columbia’s Purpose-Built Rental Supply
(In this guest column, Starlight Investments’ David Woo explains how his firm is meeting B.C.’s housing challenge through collaborative rental development.) By David Woo, Vice-president, Development, Western Canada, Starlight Investments British Columbia’s appeal as a place to live and work continues to drive population growth across both urban centres and suburban communities. While this growth...
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Five-County NJ Multifamily Portfolio Scores $296M Financing
JLL Capital Markets secured a $296-million financing for a 13-property, 1,880-unit multifamily portfolio across New Jersey. Senior managing directors Michael Klein and Thomas E. Didio, Jr., associate Michael Mataras and senior analyst Joseph Gruber represented the borrower to originate the fixed-rate, 10-year partial interest-only term, loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital,. The garden...
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Morgan Properties Announces Co-CEOs, Executive Leader Changes
Morgan Properties announced the appointment of Jonathan and Jason Morgan as co-Chief Executive Officers, formalizing the leadership roles they have long held in guiding the company’s strategy, investments and operations. Along with the new co-CEOs, Morgan Properties has elevated seven leaders to C-suite positions, including the appointment of Greg Curci as the company’s first Chief...
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Santee Apartments Change Hands for $26.5M
CBRE arranged the $26.5-million sale of La Roca Plaza, a 100-unit multifamily property located at 10032 N. Magnolia Ave. in Santee. Casa La Roca Apartments LLC acquired the property from La Roca Plaza LP. CBRE’s Conor Brennan and Rachel Parson represented both buyer and seller. “The sale of La Roca Plaza offered an exceptionally rare opportunity...
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Two REO Sales Close in Tucson
Two REO-related multifamily transactions in Central Tucson sold for a combined $37 million. Real Estate Owned (REO) properties are rental assets that failed to sell at a foreclosure auction and reverted to lender ownership, offering potential buyers opportunities for below-market, as-is purchases. Real Estate Daily News reports Vertical Street Ventures was the seller of both properties. The...
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Trinsic Planning 300-Unit Flower Mound Rental Community
Trinsic Residential Group is hoping a vote next week on its proposed Flower Mound apartment complex will get the 300-unit project rolling. Community Impact reports that the proposed site plan includes four four-story apartment buildings and 488 on-site parking spaces. The project will sit on nearly 11 acres inside the 237-acre Brookview mixed-use development. The...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout