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Multifamilybiz-com Press Releases

  • Developer Trilogy Investment Company Launches Dedicated Build-to-Rent Opportunity Zone Fund with Pinnacle Partners
    on May 21, 2024 at 9:20 am

    ALPHARETTA, GA - Trilogy Investment Company, a leader in build-to-rent (BTR) community development, and Pinnacle Partners, a renowned real estate investment firm, announce the launch of their dedicated BTR Opportunity Zone Fund. This groundbreaking initiative will channel significant investments into underserved areas, foster community development and offer attractive returns to investors. The newly established fund will invest in three BTR communities located in strategically selected cities -- Decatur, Ga., Augusta, Ga. and Huntsville, Ala. With nearly 500 homes planned across these projects, the fund represents one of the first of its kind in the sector, focusing solely on Opportunity Zones—areas identified as economically distressed. This initiative aims to rejuvenate these areas […]

  • Lisa Britt Brings Over Two Decades of Top Level Leadership Excellence to Multifamily Innovation® Council as Newest Member
    on May 21, 2024 at 9:12 am

    SCOTTSDALE, AZ - The Multifamily Innovation® Council proudly welcomes Lisa Britt as the newest member of its esteemed executive-level membership organization. Lisa, a leader with more than 20 years of experience in the multifamily industry, brings a deep-seated passion for process optimization and customer experience enhancement to the Council. Currently, Lisa serves as the Director of Corporate Initiatives at Kotarides Property Management. I m excited to be a part of such an inspiring group that has a shared goal of collaboration and growth in our industry! exclaimed Lisa Britt, reflecting on her new venture with the Council. Her enthusiasm and dedication to industry success resonate with the primary mission of the Council—fostering practical innovation for business betterment, […]

  • CBRE Arranges $53.2 Million Sale of 186-Unit Multifamily Community in Renton, Washington for New York Life Real Estate Investors
    on May 21, 2024 at 9:01 am

    SEATTLE, WA - CBRE arranged the sale of 2000 Lake Washington, a 186-unit multifamily community in Renton, Wash., to an undisclosed buyer for $53.2 million. Eli Hanacek, Mark Washington, Kyle Yamamoto and Natalie Kasper with CBRE s multifamily team in the Pacific Northwest represented the seller, New York Life Real Estate Investors. The property s exceptional location overlooking Lake Washington, proximity to the region s leading employers and amenities, and recent capital improvements were key factors in attracting strong interest from buyers, said Mr. Yamamoto, senior vice president, CBRE. When combined with limited supply, affluent demographics and low vacancy, 2000 Lake Washington is a generational quality asset on the Eastside. Located at 1300 N 20th St in Renton, 2000 Lake […]

  • Strategic Property Partners Unveils Plans for The Expanded Development of Water Street Tampa Live-Work-Play Neighborhood
    on May 20, 2024 at 8:51 am

    TAMPA, FL - Strategic Property Partners LLC ( SPP ) today unveiled plans for three new projects as part of the ongoing development of Water Street Tampa ( WST ), the live-work-play neighborhood that has created a new lifestyle destination in Downtown Tampa, including a residential condominium building, a build-to-suit trophy office complex and an entertainment destination that builds on the energy and excitement of the nearby Amalie Arena. The office and residential towers will occupy an extension of Water Street currently under construction north of the 900 and 1000 blocks of E. Cumberland Ave. The mixed-use entertainment destination, located just north of Amalie Arena between S. Morgan St and S. Jefferson St., will feature a select service hotel, an event parking garage, and a variety […]

  • Seth Wolfman President of New Urban Residential Joins Multifamily Innovation® Advisory Council to Focus on Shaping Future
    on May 20, 2024 at 8:47 am

    SCOTTSDALE, AZ - Multifamily Leadership proudly welcomes Seth Wolfman, President of New Urban Residential, as a valuable addition to the Multifamily Innovation® Advisory Council. Seth brings extensive experience and a robust understanding of real estate investment management, enhancing the collective knowledge of the council focused on shaping the future of the multifamily housing industry. New Urban Residential LLC, a family-owned real estate investment management company, operates in-house property management and construction departments, specializing in affordable and workforce housing across the Carolinas. As President of New Urban Residential, Seth oversees all facets of the business, and is responsible for executing the investment plans of a portfolio of 600 units under ownership […]

  • Interra Realty Brokers $12.69 Million Sale of Mixed-Use Multifamily Building in Chicago’s Popular West Lakeview Neighborhood
    on May 20, 2024 at 8:40 am

    CHICAGO, IL - Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $12.69 million sale of a newer-construction mixed-use property comprising 30 residential units and six commercial spaces at 2827-2847 N. Clybourn Ave., in the city s West Lakeview neighborhood. The deal equated to $352,500 per unit. Interra Senior Managing Director Brad Feldman represented the seller, a private local investor, while Interra Managing Partner Patrick Kennelly and Managing Director Paul Waterloo represented the buyer, also a local investor. The purchaser assumed the asset s existing mortgage, which carries a low-3% interest rate. Properties with assumable debt continue to draw a great deal of investor interest, as they benefit both buyer and seller, […]

  • Technology Entrepreneur Kerry W. Kirby Joins Esteemed Panel to Discuss Critical Affordable Housing Challenges in Live Webcast
    on May 19, 2024 at 6:47 pm

    NEW ORLEANS, LA – 365 Connect, the leader in delivering the world's most sophisticated automated marketing, leasing, and resident engagement platform for multifamily communities across the globe, announced that its CEO, Kerry W. Kirby, will join an esteemed panel of speakers in a live webcast. The webcast, The Affordable Housing Crisis: Meeting Today s Most Critical Housing Challenges, is airing May 22, 2024 on MultifamilyBiz.com, the largest media resource in the multifamily housing industry and across all major streaming channels worldwide. The Affordable Housing Crisis: Meeting Today s Most Critical Housing Challenges delves into how the shortage of affordable housing is displacing the workforce and putting a strain on the wider economic system. The segment also explores how factors […]

  • Melanie French Joins The Multifamily Innovation® Council to Assist in Paving the Way for Future Real Estate Innovators
    on May 17, 2024 at 8:32 am

    SCOTTSDALE, AZ - The Multifamily Innovation® Council proudly announces the addition of Melanie French, an esteemed multifamily executive and CEO of RR Living, to its executive-level membership organization. Bringing over two decades of industry experience and leadership, French stands poised to contribute her vast expertise towards advancing the mission of the Council. Melanie French is recognized within the multifamily industry for her authentic leadership and dedication to creating success stories that transcend properties and assets, integrating the achievements of teams, leaders, and entire companies. As CEO of RR Living, French steers the direction of a sprawling portfolio encompassing almost 16,000 units, her strategies focusing on driving organizational growth and sustaining […]

  • RangeWater Real Estate Names Brett Boitano as Managing Director of Enterprise Services to Continue Its Strategic Expansion
    on May 17, 2024 at 8:26 am

    ATLANTA, GA - RangeWater Real Estate, a fully integrated rental housing company with assets across the Sun Belt and Mountain West, promotes Brett Boitano to the firm s new position of Managing Director of Enterprise Services. In his new role, Boitano will spearhead the company's centralization efforts, and oversee initiatives to streamline property management efficiencies. He will work collaboratively with executive leadership and internal department heads, to provide innovative products and solutions that meet evolving needs of our clients, residents and team members, and enhance overall process effectiveness. Brett s strategic leadership, financial acumen, and operational finesse make him a great addition to the leadership team, says Andrew Wittgen, Executive Managing Director of […]

  • The Atlantic Club Oceanfront Luxury Highrise Residential Community Breaks Local Record with Contracted Penthouse Condo Sale
    on May 16, 2024 at 9:02 am

    LONG BRANCH, NJ - The Atlantic Club, a new oceanfront luxury high-rise that puts art at the forefront of the residential experience, is pleased to announce the contracted sale of the last available penthouse at the property for $5.95 million, achieving the highest-priced condo sale of all time in Long Branch1. The under-contract sale was brokered by Teresa Minnick of Christie's International Real Estate Group. Closings for the Atlantic Club project are targeted for April 2026. Our vision for The Atlantic Club was to create a development that rises to the level of art and something that the Jersey Shore has never seen before, said Roy Stillman, President of Stillman Development International, LLC. On one of the last plots of available land on the coastline, The Atlantic Club stands out […]

  • Bringing a Wealth of Knowledge to The Table Multifamily Innovation® Council Welcomes Industry Powerhouse Debbie Rae Peters
    on May 16, 2024 at 8:55 am

    SCOTTSDALE, AZ - The Multifamily Innovation® Council, a consort of leading multifamily executives, is delighted to announce that Debbie Rae Peters, an industry veteran with over 30 years of experience in the NY Metro area, has joined the Council. Debbie Rae brings to the table a wealth of knowledge and expertise in marketing, online presence, and resident engagement acquired from her tenure at prominent real estate entities. As Director of Marketing for Rose Property Management Group, Debbie Rae has been pivotal in revolutionizing multifamily property branding and lead generation strategies. With a storied career spanning positions at AvalonBay, AIMCO, Roseland, Greystar, and Beam Living, she is highly sought-after for her ability to implement creative and economically savvy marketing […]

  • Greystone Provides $20 Million Freddie Mac Refinance Loan for 110-Unit Ray Philly in Kensington Submarket of Philadelphia
    on May 16, 2024 at 8:45 am

    NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided a $20,197,000 Freddie Mac Optigo® loan to refinance a construction loan for a 110-unit multifamily property in Philadelphia, Pennsylvania. The financing was originated by Steven Vainer, a Managing Director at Greystone. Ray Philly is a Class A, mixed-use, mid-rise apartment building located on North American Street in the Olde/South Kensington neighborhood of the North/Frankford/Holmesburg Philadelphia submarket and was recently constructed and completed in 2023 by co-developers Six Acre Capital and Ray. Amenities for tenants include a fitness center, rooftop garden, sunken living room, and coworking lounge with a kitchen. The property is comprised primarily of studio, one-, and two-bedroom […]

  • Dallas-Based Premier Announces Appointment of Corina Heizer as Its New Vice President of Procurement to Oversee Daily Operations
    on May 15, 2024 at 8:57 am

    DALLAS, TX - Premier, an end-to-end architecture, design, procurement, project management, and development firm for the multi-family residential and hospitality industries, is pleased to announce that Corina Heizer has been appointed as the firm s new Vice President of Procurement. With more than 15 years of interior design experience and 11 years of procurement expertise, Heizer will oversee the daily operations of the Procurement team, and will be responsible for managing the department s Procurement Associates. A technical expert with previous experience working in architecture teams and interior design teams, Heizer brings a unique perspective that enables her to guide procurement projects from an owner s and developer s point of view, while optimizing them with expert cost- and […]

  • Multifamily Innovation® Council Welcomes Sandra Barfield's Rich History of Leading Operational Efficiency and Automation
    on May 15, 2024 at 8:53 am

    SCOTTSDALE, AZ - The Multifamily Innovation® Council, an executive membership organization dedicated to the intersection of leadership, technology, AI, and innovation within the multifamily industry, proudly announces the admission of Sandra Barfield to its executive level membership. With a rich 36-year track record in multifamily leadership, and her current pivotal role as Senior Vice President of Shared Services and Corporate Marketing at PeakMade Real Estate, Barfield brings a wealth of experience and an intricate understanding of operational efficiencies to the Council. Sandra Barfield s impressive background in multifamily operations and marketing, coupled with her passion for innovation and centralization, aligns seamlessly with our purpose, states Patrick Antrim, Chairman of […]

  • Merchants Capital Promotes Evan Gibson to Executive Vice President of Capital Markets to Continue to Grow Firm's Ecosystem Platform
    on May 15, 2024 at 8:42 am

    CARMEL, IN - Leading financial services provider Merchants Capital today announced the promotion of Evan Gibson to Executive Vice President, Capital Markets. Gibson leads the platform, which creates liquidity and capital relief for Merchants Bank and aids Merchants Capital in providing innovative financing solutions for multifamily and affordable housing developments nationwide. He previously served as Senior Vice President. Gibson s team has securitized or transferred risk on more than $5.2 billion in multifamily and healthcare loans from Merchants Bank s balance sheet, resulting in significant capital relief. The team has expanded Merchants pool of institutional investors and risk transfer structures, assumed greater ownership in investor relations, and executed multiple innovative […]

  • ANF Group Celebrates Topping Out of 255-Unit REVA Luxury Multifamily Community in High Growth South Florida Market of Fort Myers
    on May 14, 2024 at 8:32 am

    FORT MYERS, FL - ANF Group ( ANF ), a full-service construction firm providing construction management, general contracting, development, and design-build services to the South Florida market, celebrates the topping out of REVA, a 255-unit gated luxury multifamily community located on a 17-acre parcel in Fort Myers, Florida. "As we near completion, we are excited to reach this milestone of our first project in Southwest Florida," said Al Fernandez, CEO of ANF. "This is a noteworthy achievement for our company as we are officially working in the Fort Myers market. We are grateful for all the team members' hard work and dedication in delivering this remarkable project." A joint venture between two Miami-based developers, Global City Development and Gilu Holdings, the multifamily rental […]

  • Multifamily Innovation® Council Welcomes Jayde McGivern Director of Systems at RedPeak to Thought Leadership Group
    on May 14, 2024 at 8:27 am

    SCOTTSDALE, AZ - The Multifamily Innovation® Council is proud to announce that Jayde McGivern, a seasoned professional deeply dedicated to pioneering property management systems, has joined the ranks of its esteemed council members. With Jayde s membership, the Council continues to uphold its commitment to driving innovation and operational excellence in the multifamily industry. At RedPeak Real Estate, Jayde plays a pivotal role as the overseer of Information Technology. With a rich history spanning 22 years, RedPeak Real Estate has established itself as a prominent player in the Denver and Metro areas, boasting a portfolio of 3300 units. Jayde, a proven and hands-on technology leader, brings a wealth of experience to the table. Jayde brings to the council a genuine passion for […]

  • Constellation Group and The Boschetti Group Partners with Nomada Residences to Manage Ella Miami Beach's Short-Term Rental Program
    on May 14, 2024 at 8:15 am

    MIAMI, FL - Constellation Group, a Miami-based real estate development firm, and The Boschetti Group proudly announce their partnership with Nomada, a full-service management company specializing in premium short-term, seasonal, and long-term rentals in South Florida. This announcement comes on the heels of the commencement of site work; the site has been fully demolished, and the Ella-branded fence has been erected. We're excited to announce our strategic alliance with Nomada Residences, a premier management company focused on short-term rentals, said Eduardo Otaola, Managing Principal of Constellation Group. Nomada further enhances the impressive value proposition of Ella Miami Beach, and through this partnership, Nomada will handle every aspect of short-term rental management for […]

  • First Standalone Four Seasons Branded Private Residences in Florida to Open in Coveted Miami Neighborhood of Coconut Grove
    on May 13, 2024 at 9:08 am

    MIAMI, FL - South Florida-based real estate development firms CMC Group and Fort Partners, together with leading luxury hospitality and branded residential company Four Seasons, announce the official launch of sales for the highly anticipated Four Seasons Private Residences Coconut Grove. Set within one of Miami s most historic neighborhoods and building on the success of Four Seasons residential portfolio in South Florida and around the globe, this groundbreaking development will be the first Four Seasons standalone residential offering in Florida. "Four Seasons is the standard-bearer for luxury around the world and has captivated the real estate market with its leading branded residences, said Nadim Ashi, CEO of Fort Partners. We are thrilled to continue our proven relationship with […]

  • Multifamily Innovation® Council Welcomes Esteemed Leader and Accomplished Industry Veteran Tina West to Council Membership
    on May 13, 2024 at 9:02 am

    SCOTTSDALE, AZ - Multifamily Leadership proudly welcomes Tina West, Executive Vice President at Sares Regis Group, as the newest member of the Multifamily Innovation® Advisory Council. Tina West, a highly accomplished figure in the multifamily property management industry, has joined the prestigious Multifamily Innovation® Advisory Council, bringing with her a wealth of experience and strategic insight. Known for her high-energy, results-oriented leadership, West s addition will enhance the collective expertise of industry leaders driving innovation in multifamily housing. Currently at the helm of launching a national multifamily property management service, West has held pivotal roles in the industry, notably as a former Chief Operating Officer overseeing 40,000 units under […]


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