Raleigh, North Carolina

Wilmington, North Carolina

Multifamilybiz-com Press Releases

  • JLL Capital Markets Secures Freddie Mac Loan for 60-Unit Low-Income Housing Tax Credit Community in Northeast Portland, Oregon
    on October 26, 2020 at 8:43 pm

    CHICAGO, IL - JLL Capital Markets announced today that it has arranged a loan for Center Village Apartments, a 60-unit affordable Low-Income Housing Tax Credit community in Northeast Portland, Oregon. JLL worked on behalf of Innovative Housing, Inc. (IHI) to secure the 17-year, 35-year amortization loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo℠ lender. JLL also coordinated a 24-month forward interest rate. This loan, along with other capital sources, repaid an original Wells Fargo Bank construction loan. Center Village is a mid-rise, multi-housing community with rents restricted to 30% to 60% of area median income. The loan was used for improvements to the multi-housing property, including a new roof, exterior siding, window […]

  • KWA Construction Tops Out on Second Phase of Arlington Commons with 358-Unit The Truman Luxury Apartment Community
    on October 26, 2020 at 9:53 am

    ADDISON, TX - KWA Construction, a leading general contractor specializing in multifamily developments throughout Texas, has topped out on Phase II of Arlington Commons, one of the largest redevelopment projects in North Texas. Developed by the Nehemiah Company, Arlington Commons will span five phases to build approximately 1,300 units and add $300-400 million in economic value to the City of Arlington once complete in 2026. Phase II of the massive project entails The Truman, a four-story, 358-unit apartment complex with a five-story covered parking garage that is expected to be completed in August 2021. The tremendous redevelopment going on in Arlington is historic. The overwhelmingly positive reception from the success of the first phase continues to energize us for this crucial urban […]

  • Highly Anticipated Greenwich West Residential Tower Opens 170 Loft-Style Homes in New York’s Desirable West Soho Neighborhood
    on October 26, 2020 at 9:42 am

    NEW YORK, NY - Strategic Capital, Cape Advisors, and Forum Absolute Capital Partners today announced that closings have commenced at the partnership s new and highly anticipated Downtown residential tower, Greenwich West. Located at 110 Charlton Street and created entirely by a team of celebrated French designers, Greenwich West brings 170 loft-style residences and a thoughtfully curated selection of amenities to one of Manhattan s most desirable neighborhoods, West Soho. At 30 stories, one of the tallest buildings in Hudson Square – the future home to Disney s ABC and Google s East Coast head quarters – the full-service condominium provides scenic panoramas of the Hudson River, New York Harbor, and Statue of Liberty. Located at the nexus of some of New York s most prized […]

  • Avenue5 Residential Announces Promotion of Kohl Eisenhour to Senior Vice President of Its Southwest and Colorado Multifamily Portfolio
    on October 26, 2020 at 9:26 am

    SEATTLE , WA - Avenue5 Residential, a multifamily and single-family property management services firm, announces that Kohl Eisenhour has been promoted to senior vice president of operations. In this elevated role, Eisenhour will oversee an accomplished regional team comprised of 11 vice presidents, associate vice presidents, regional managers, and district managers, who in turn support a portfolio of more than 55 properties and nearly 13,000 units. Additionally, he will continue to assist clients with analyzing new investment opportunities in Avenue5 s rapidly expanding Arizona, Southern Nevada, and Colorado markets. Kohl s market and operations expertise, collaborative approach, and strong analytical skills have helped him become a trusted advisor to our clients, and a highly respected […]

  • KW Property Management and Consulting Makes Significant New Hires in Southwest and Central Florida to Accommodate Growth
    on October 23, 2020 at 9:09 am

    MIAMI, Fl - KW Property Management & Consulting, one of the residential property management industry s premier companies, is expanding its team of experienced professionals to accommodate the company s aggressive growth in Southwest and Central Florida. KWPMC s new additions include Andy Kalikas and Paul Hemmert as regional vice presidents serving Southwest Florida and the Tampa, Orlando and Jacksonville markets, respectively. Kalikas and Hemmert bring more than 45 years of combined experience to KWPMC. Both have held numerous senior leadership positions throughout their careers. We are thrilled to make these impactful additions in pivotal growth markets for KWPMC, said Senior Vice President Zuly Maribona, who oversees Southwest. Central and Northern Florida for KWPMC. Andy and […]

  • Greystone Provides $18 Million in HUD-Insured Financing for 138-Unit Oro Vista Apartment Community in Oro Valley, Arizona
    on October 23, 2020 at 9:06 am

    NEW YORK, NY - Greystone, a leading private national commercial real estate finance company, has provided $18 million in HUD-insured financing on a 138-unit multifamily property in Oro Valley, Arizona. The transaction was originated by Fred Levine, Managing Director at Greystone. The $18,000,000 HUD-insured Section 223(f) financing for Oro Vista Apartments carries a 35-year term and amortization, along with a low, fixed rate. Located in Pima County, the community consists of one-, two-, and three-bedroom market rate apartments spanning 12 three-story buildings. Community amenities include a fitness room, outdoor swimming pool, playground and picnic areas. It s comforting for our borrowers to know that with all of the uncertainty in today s environment, HUD has remained a stable source […]

  • Pathfinder Partners Completes $18.2 Million Acquisition of Highlands at Red Hawk Apartments in Affluent Denver Neighborhood
    on October 23, 2020 at 9:02 am

    SAN DIEGO, CA - Pathfinder Partners, a San Diego-based firm specializing in multifamily real estate investments, announced today the $18.2 million acquisition of Highlands at Red Hawk – a 56-unit apartment community in the affluent submarket of Castle Rock, just south of Denver, Colorado. Red Hawk is Pathfinder s 11th Colorado acquisition and the sixth apartment property in the Pathfinder Income Fund, launched earlier this year. According to Mitch Siegler, senior managing partner at Pathfinder Partners, Red Hawk presents an outstanding cash-flowing investment with nearly new units in an upscale, growing market. Located just 15 minutes from the Denver Tech Center, Red Hawk residents enjoy a short commute to many of the area s largest employers and to over two dozen retailers and […]

  • CBRE Denver Office Promotes Mark Lodmill to Executive Vice President of Valuation and Advisory Services Focused on Multifamily
    on October 22, 2020 at 9:38 am

    DENVER, CO - Mark Lodmill, MAI in CBRE s Denver office has been promoted to Executive Vice President with CBRE s Valuation & Advisory Services. Mr. Lodmill has over 20 years of real estate appraisal and consulting experience, including providing consultations, reviews, market studies, rent analyses, feasibility studies and litigation support. This prestigious title is awarded to a limited few in our group who represent the best in their field. Mark s dedication, tenacity and tenure has led him and his team to be the recognized market leader in multifamily valuations, said Justin Atwell, Managing Director of CBRE s Valuation & Advisory Services in Colorado. Mr. Lodmill leads a team of professionals focused on multifamily valuations throughout the Front Range. He is also a member […]

  • Greystone Reaffirms Position as Top Lender for Multifamily and Healthcare HUD-Insured Loans Based on Volume Totaling $3.48 billion
    on October 22, 2020 at 9:29 am

    NEW YORK, NY - Greystone, a leading national commercial real estate finance firm, announced it ranks #1 based on volume of multifamily and healthcare Firm Commitments issued by the U.S. Department of Housing and Urban Development (HUD) for the agency s 2020 fiscal year ending September 30, 2020. During this period, Greystone originated and obtained Firm Commitments for 191 HUD-insured loans totaling $3.48 billion, representing 14% overall market share – the largest of all commercial lenders – for HUD-insured multifamily and healthcare loans. Greystone ranked highest based on dollar volume for Firm Commitments issued under HUD s MAP program with $2.4 billion in origination volume for multifamily properties, as well as HUD s LEAN program, totaling $1.1 billion in origination volume for […]

  • Real Estate Investment Services Firm Interra Realty Hires Associates Coral Christian and Sam Gutierrez to Support Continued Growth
    on October 22, 2020 at 9:19 am

    CHICAGO, IL - Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it has hired two associates, Coral Christian and Sam Gutierrez, to support the firm s continued growth as it celebrates its 10th anniversary. We re thrilled to be adding new talent in response to the growth we ve experienced this year, which speaks to the resilience of the middle-market multifamily market and quality of the team we ve assembled, said David Goss, co-founder and managing principal of Interra. At a time when many brokerages are contracting, we re expanding because of investors flight to quality multifamily assets and their desire to work with experienced brokers who can advise them on their broader investment strategy. Coral and Sam will be great additions to […]

  • PropTech Innovator 365 Connect Receives Platinum dotCOMM Award for Its Digi.Lease AI-Powered Chatbot Platform
    on October 21, 2020 at 9:50 am

    NEW ORLEANS, LA – 365 Connect, a leading provider of award-winning digital marketing, leasing, and resident service platforms for the multifamily housing industry, announced today that the company has received a Platinum dotCOMM Award for its Digi.Lease AI-powered chatbot platform. This prestigious, international award recognizes 365 Connect's dedication in meeting the rapidly changing needs of the multifamily housing industry. The dotCOMM Awards is an international competition that honors excellence in web creativity and digital communication. The competition considers itself to be unique, since it reflects upon the role of creatives in the dynamic web, who are transforming how we market and communicate products and services. This year's competition boasted thousands of entries from […]

  • Christina Acquires Prized Beachfront Multifamily Apartment Building in Los Angeles’ Desirable Playa del Rey Submarket
    on October 21, 2020 at 9:38 am

    LOS ANGELES, CA – Malibu-based vertically integrated real estate sponsor and manager, Christina Development Corporation ( Christina ), has acquired a coveted beachfront multi-family residential apartment building located at 6615 Pacific Avenue ( Pacific ) in Playa del Rey, one of Los Angeles most desirable residential submarkets. This acquisition marks the sixth investment in the firm s current private equity real estate offering, Christina Real Estate Investors 4, LLC ( Christina 4 ). Pacific is a perfect representation of Christina s proven, 40+ year investment strategy: buy great real estate in the best location at the right price. This transaction is a direct result of Christina s ability to identify value and leverage its relationships to purchase premier real estate […]

  • Berkadia Arranges Sale and Financing of New 338-Unit Legacy Creekside Apartment Community in San Antonio, Texas
    on October 21, 2020 at 9:29 am

    SAN ANTONIO, TX – Berkadia announces it has arranged the sale and financing of Legacy Creekside, a newly built, 338-unit garden-style apartment community located in San Antonio, Texas. Senior Managing Director Ryan Epstein of Berkadia s Houston office, along with Managing Director Michael Miller, Senior Director Will Caruth and Director Cody Courtney of Berkadia s San Antonio office, represented the seller, White-Conlee Builders. Lucas Donahue, Managing Director of Berkadia s Phoenix office, secured acquisition financing on behalf of the buyer, Univest Inc. Westover Hills has seen explosive growth across all product types and has some of the strongest rental market dynamics in the San Antonio metropolitan area, said Epstein. In addition, the new owner can utilize existing plans to […]

  • California Landmark Group Completes $120 Million G8 Mixed-Use Multifamily Development in Los Angeles' Marina Arts District
    on October 20, 2020 at 5:55 pm

    WESTLAKE VILLAGE, CA - California Landmark Group (CLG) has announced the completion of the final phase of G8, the largest multifamily/commercial development in Marina del Rey s Marina Arts District. The $120 million project includes 228 rental units and 25,000 square feet of creative office space. CLG was a forerunner in the transformation of the former industrial zone into a modern residential neighborhood, when it developed a 52-unit condominium in 2006. With G8, CLG is the neighborhood s most prolific developer, having delivered nine mixed-use projects totaling nearly one million square feet of residential and commercial space. Paying homage to the area s history as an industrial and artist s enclave, CLG commissioned local, national and internationally renowned street artists to […]

  • Pair of Co-Located Library and Senior Housing Developments by Evergreen Real Estate Group and Chicago Housing Authority Earn Awards
    on October 20, 2020 at 9:33 am

    CHICAGO, IL - Evergreen Real Estate Group today announced that two co-located library and senior housing developments the firm completed last year have won the 2020 Library Building Awards from the American Institute of Architects and American Library Association. Built in partnership with the city of Chicago, Chicago Housing Authority and Chicago Public Library, the projects were two of four winners recognized in the U.S. and Canada. The annual awards recognize projects that demonstrate design achievement, including a sense of place, purpose, ecology, environmental sustainability and history. This year s winners were selected by a six-person jury. Jurors selected Independence Branch Library and Apartments for its use of new hybrid building technology; location in a diverse, mixed-income […]

  • Pegasus Real Estate Expands Footprint with Acquisition of 411-Unit Collection at Overlook Apartment Community in San Antonio
    on October 20, 2020 at 9:30 am

    DALLAS, TX - Pegasus Real Estate, a Dallas private equity commercial real estate company, has expanded its footprint in Texas with the acquisition of Collection at Overlook, a 411-unit complex located at 4934 Woodstone Drive in San Antonio, TX. Pegasus plans to rebrand the property as Cornerstone at Overlook. Collection at Overlook is the firm s 4th acquisition in Texas, taking their current portfolio to +$125 million AUM and +1,000 multifamily units. Collection at Overlook is another strategic addition to our portfolio. It is within a short drive of major employers including USAA, South Texas Medical Center, Valero, UTSA, and others. Additionally, the Property is proximate to San Antonio s largest thoroughfares, Loop 1604, Interstate-410, and Highway 281, offering a convenient option […]

  • Cardinal Group Management ​Hires Industry Veteran Jennifer Cassidy as Senior Vice President of Student Housing Operations
    on October 20, 2020 at 9:26 am

    DENVER, CO - Cardinal Group Management (CGM), one of the nation s largest operators of purpose-built student housing, has hired Jennifer Cassidy as Senior Vice President of Student Housing Operations. In her role, Jennifer will be responsible for the day to day management and performance of Cardinal Group Management's student housing portfolio of clients and communities. Cardinal Group Management has grown to over 65,000 beds nation-wide, making it the nation s third-largest privately-held 3rd party student housing management firm. Eddie Moreno, partner and EVP of CGM said, The addition of Jennifer Cassidy to our team is a direct reflection of the culture and brand Cardinal Group Management has developed over the years. Our goal has always been to be the best company in our space, not […]

  • AHS Residential Inaugurates 204-Unit AHS at Pine Groves Apartment Community in The Heart of Miami-Dade’s Princeton Neighborhood
    on October 19, 2020 at 9:47 am

    MIAMI, FL — AHS Residential announces the inauguration of its AHS Pine Groves residential community, a 204-unit property located in the heart of Miami-Dade County s flourishing Princeton neighborhood in South Dade. The property is the fourth AHS Residential project of its kind in the South-Dade area and was completed in a record-breaking 11-month time frame with the company s cutting-edge concrete form technology. Strategically located along Miami-Dade s highly anticipated South Dade SMART Corridor, the project includes four garden-style buildings with 204 apartment homes, a leasing office, a clubhouse, a fitness center, and a swimming pool. Residents can choose from one- and two-bedroom units, which include 10-foot ceilings, private balconies, modern appliances, and in-unit washer and […]

  • Transwestern Brokers Sale for Florida Value Partners of 160-Unit Zelda Pointe Apartment Community for in Montgomery, Alabama
    on October 19, 2020 at 9:42 am

    MONTGOMERY, AL - Transwestern Real Estate Services (TRS) announces its Southeast Investment Services team has negotiated the sale of Zelda Pointe, a 160-unit multifamily property at 2845 Zelda Road in Montgomery, Alabama. Transwestern Senior Managing Directors Mike McGaughy and Jon Kleinberg represented the seller, Florida Value Partners, in the $9.4 million disposition to Highlands Vista Group. Zelda Pointe s prime central location, an optimal unit mix of 80% two-bedroom apartments, and competitive amenities have resulted in notable organic rent growth and solid revenue increases over the past several years, said McGaughy. Spanning 11.96 acres, Zelda Pointe features well-designed floor plans, several premium upgraded units and strong average occupancy. Within a 1 mile radius, the […]

  • KWA Construction Completes 246-Unit Axiom HUB 121 Luxury Multifamily Community at McKinney’s Craig Ranch in Texas
    on October 19, 2020 at 9:38 am

    ADDISON, TX - KWA Construction, a leading general contractor specializing in multi-family developments throughout Texas, has finalized construction on Axiom HUB 121, a luxury multifamily community at the Craig Ranch master-planned development in McKinney, Texas. Developer Seneca Investments 340,000-square-foot community features 246 residences adjacent to the new HUB 121, a premium shopping, dining and entertainment destination. Axiom HUB 121 is located at 7201 Henneman Way. Originally planned for completion in December 2020, it was completed in September 2020, three months ahead of schedule. Building quality and beautiful multifamily projects for repeat clients has become a hallmark for KWA and Axiom HUB 121 is no exception. This high-tech, amenity-rich residence will undoubtedly […]

For information on the various roles of real estate brokers, please download a copy of the brochure entitled “Working with Real Estate Agents”. If you are a potential Buyer or Seller and this is the first contact with our firm, we are required by the North Carolina Real Estate Commission to review this brochure with you at the first opportunity and answer any questions you may have. Please contact Richard Cotton at 910-431-7986 or by email at rcotton@mra-apartments.com for more information.