News
Denver Apartments Trade for Over $500K/Unit
Hines sold off the 249-unit Raleigh at Sloan’s Lake apartment community in Denver for $125.6 million. That comes out to over $500,000 per unit. The lakeside property was acquired by Seminole Real Estate Fund. Delivered in 2020, Raleigh at Sloan’s Lake delivers residences averaging just under 1,000 square feet. Terrance Hunt, Shane Ozment, Chris Hart and Brad Schlafer of CBRE...
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BTR Builder Adds to Houston-Area Portfolio
A new 25-acre Cottage Green community will bring 278 rental homes to Tomball.HMF Americana secured construction financing from Siguler Guff & Co. and Benefit Street Partners to construct the build-to-rent project. The 18-month loan, arranged by Sterling Realty Capital, includes a senior note and a B-piece with two six-month extension options. HMF Americana, a horizontal...
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Student Housing Operators Grow Rental Income by 13.4%
Net rental income grew by a median of 13.4% from 2022 to 2024 among same-store student housing properties, the National Multifamily Housing Council reported. The just-released 2025 NMHC Student Housing Income and Expense Survey also found that income was highest in newer, high-rise properties and in the Northeast and Pacific regions. Covering 719 properties and 400,224 beds...
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InTrust Picks Up 377-Unit Mesa Value-Add Apartments
InTrust Property Group paid $45.6 million to acquire Coral Point Apartments, a 377-unit multifamily community located at 2343 West Main Street in Mesa, Ariz. As part of its value-add strategy, InTrust plans to install washers and dryers in every unit, refresh exteriors and update the amenities. Rents are currently between $1,200 and $1,500 a month....
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Margate Developer Looking to Convert Shopping Center to Apartments
White Oak Development is looking to turn The Cocogate Plaza shopping center in Margate into apartments. White Oak currently has the land occupied by the 50-year-old, 89,771-square-foot retail plaza under contract. Cocogate Partners is the current owner. The South Florida Business Journal reports that under the proposal, nearly all of the shopping centers would be...
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Gilbane, URI Partner to Build On-Campus Housing
The University of Rhode Island (URI) and Gilbane have reached the financial close of a major new public-private partnership that represents the first step in URI’s comprehensive plan to modernize on-campus housing at the University’s Kingston Campus. Gilbane is set to begin construction on three new residence halls, with 1,100 beds, later this month. The...
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Charlotte-Area Developer Planning 222 Cottage-Style Rental Homes
HMF Americana is developing a build-to-rent community in Stallings, which will feature 222 cottage-style rental homes and 30,000 square feet of commercial space. The project is expected to be completed in 2027. The Stallings project will be at 3612 Matthews Weddington Road. HMF Americana focuses on high-end rental communities. The Charlotte Business Journal reports the...
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$200M Costco-Anchored Venture Planned for Stone Mountain
Fuqua Development plans to redevelop the Stone Mountain Tennis Center, a long-shuttered venue that was a key facility for the 1996 Summer Olympics. On the site, Fuqua announced plans to build a Costco-anchored mixed-use project. The Atlanta Business Chronicle reports that Fuqua acquired two parcels, totaling 31 acres, for $9.6 million. Costco and Greystar have...
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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