PORTLAND, OR - JLL Income Property Trust, an institutionally-managed daily NAV REIT with approximately $7 billion in portfolio equity and debt investment, announced the acquisition of Creekview Crossing, a class-A 183-unit apartment community located in the suburban Portland market of Sherwood, OR. The purchase price was approximately $61 million and includes the assumption of an in-place $26 million mortgage loan, which has an attractive below-market interest rate of 3.09%.
HOUSTON, TX - Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced the start of preleasing at Modera Waugh, an elegant apartment community located just south of popular Buffalo Bayou Park near Downtown Houston.
The 17-story community, which features 392 apartment homes, sits moments south of Allen Parkway and adjacent to the picturesque River Oaks neighborhood. The amenity-rich community features a.
DENVER, CO - An affiliate of Oberndorf Real Estate Management (OBREM) and The Bascom Group, announced they have closed on the acquisition of the 360-unit Hearthstone at City Center, located at 932 South Helena Way in vibrant Aurora, Colorado, for $74 million.
Hearthstone marks Bascom s fourth acquisition of 2024 and comes shortly after the recent acquisitions of The Overlook, a 344-unit garden style multifamily property located in Albuquerque, New Mexico and Texan26, a 204-bed student housing.
NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided $19,050,000 in Bridge-to-Agency financing for a 118-unit multifamily property in Bellflower, California. Intended to facilitate the refinancing and construction of additional units, the bridge loan was originated by Dale Holzer, Managing Director at Greystone.
Tower Apartments, located 14 miles southeast of downtown Los Angeles and spread across 1.56 acres, was acquired by the borrower in 2022 and.
FORT WORTH, TX - Rise48 Equity, a leading multifamily investment group, announced the acquisition of Copperfield Apartments in Fort Worth, Texas. This 323-unit complex marks the company s 49th acquisition since 2019 and its 9th in the Dallas market, further strengthening its Texas portfolio.
Rise48 Equity has plans to invest over $9 million in revitalizing Copperfield Apartments, which will soon be rebranded as Rise Spring Pointe. The property renovations include:
Platinum-level interior.