BONITA SPRINGS, FL - TerraCap Management, a privately held investment firm with its headquarters in Naples, Florida, announced the acquisition of Versol Apartments for $70.35 million. Ideally located in Bonita Springs, the 240-unit property was built in 2020 and is currently 100% leased.
Steve Hagenbuckle, Founder and Managing Partner of TerraCap said,
DESTIN, FL - Olympus Property announces the successful acquisition of Vintage Destin, a garden-style, Class-A multifamily community in Destin, Florida. Effective immediately, the asset will be renamed Olympus Emerald Coast.
Olympus Emerald Coast is located just north of US Hwy 98, providing convenient regional access to the market s top employment drivers, but also less than one mile from Destin s award-winning white sand beaches. Built in 2020, the 282-unit community features a resort-style pool with private cabanas, fitness center, pet park and spa, bike share program, and a landscaped rooftop deck with ocean views. Home interiors include stainless steel appliances, hardwood inspired floors, quartz countertops, kitchen islands, and frameless shower doors.
The Historic Lofts of Waco High School has been around since the early 1900's. But the century old building is proving its roof is no match for recent storms.
MINNEAPOLIS, MN - Centerspace (NYSE: CSR) has entered into Contribution Agreements with entities managed by KMS Management, Inc. (KMS), to acquire a portfolio of 17 communities for the aggregate purchase price of $323.8 million. The portfolio of 19 real estate assets is comprised of 14 communities in Minneapolis, Minnesota and three communities in St. Cloud, Minnesota. The acquisition will add 2,696 apartment homes to the Centerspace portfolio, further strengthening the Company s footprint in.
IRVING, TX - FCP and S2 Capital have acquired Oxford Park Apartments, a 308-unit garden apartment community in Irving, TX. The off-market transaction marks the third deal in DFW in the last 12 months between S2 and FCP.