News
Ginkgo Pays $40.75M for East Charlotte Apartment Complex
Ginkgo Residential paid $40.75 million for The Kelston, a 310-unit rental community, located at 1207 Kelston Place. Built in 1986, Ginkgo plans to complete a series of capital improvements at the property that includes modernizing unit interiors, enhancing community spaces and renovating on-site amenities. Ginkgo partnered with Banyan Street Real Estate Funds on the acquisition....
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People and Companies News for Week Ending December 5, 2025
ATB Financial’s board has chosen Chris Turchansky as the organization’s next president and CEO. Turchansky will assume the CEO role on January 1. He replaces retiring president and CEO Curtis Stange. Turchansky has spent nearly 30 years in Alberta’s financial services sector, including two decades at ATB in senior roles such as president of ATB...
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Multifamily Aquatics Management: More than Pool Chemicals
Phil Carter Mention the words “apartment, aquatics, and amenities,” and what likely comes to mind are swimming pools. Certainly, pools are standard with many properties and require management to ensure the health and safety of residents. However, according to Phil Carter, The Amenity Collective’s Executive Vice President, there’s more to these aquatic amenities than shock...
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Restrained SFR Acquisitions Continue Impacting Multifamily and Retail Sectors
It’s not news that fewer people are buying homes. It’s also not news that the reasons include higher interest rates on mortgages and the continued uptick in home prices. As a result, “based on Freddie Mac income-to-loan ratios, only about 28% of U.S. households can qualify for mortgages on a median-priced home,” said John Chang,...
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AvalonBay Closes on Development Site within Bishop Ranch
AvalonBay Communities has closed on the purchase of a 5.7-acre site at 6200 Bollinger Rd. in Sam Ramon from Sunset Development Company, clearing the way for construction of a new 456-unit rental community within Bishop Ranch. The Mercury News reported the acquisition price at $30.5 million. Construction is set to begin by the end of the month, with opening...
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Welltower Acquires Neighboring Senior Living Properties in Lexington
Toledo, OH-based Welltower has acquired two neighboring Lexington, MA senior living properties from National Development for a combined $140 million, reported the Boston Business Journal. Both opened in 2022 through a joint venture between National Development and Waltham, MA-based operator EPOCH Senior Living. Welltower paid $119 million for the larger of the two properties, the...
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CBRE Facilitates Sale of Trax at DuPont Station in Washington
CBRE arranged the sale of Trax at DuPont Station, a 179-unit core-plus multifamily community in DuPont, Washington. Eli Hanacek, Mark Washington, Kyle Yamamoto, and Natalie Kasper, on CBRE’s Pacific Northwest Multifamily team, represented the seller, Security Properties, and RGA ReCap Incorporated, on behalf of Reinsurance Group of America, Incorporated, in the transaction. “High-quality multifamily assets...
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Ethos, Vance Break Ground on 222-Unit Apartment Project in Vancouver
Ethos Development and its partner Vance Development have broken ground on Ellison Ridge, a 222-unit multifamily housing development in Vancouver, Washington. The 200,000-square-foot, two- and three-story, multi-building project features a pool, fitness center, community kitchen and living room, children’s play area, and a pickleball court. Twenty percent of the units will be available to residents...
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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