Multifamily

Catalon-at-Lago-Mar-Apartments-Texas-City-Texas

Oldham Goodwin Group, MGroup to Develop Apartment Community in Metro Houston

by Haisten Willis January 29, 2016

TEXAS CITY, TEXAS — Oldham Goodwin Group and MGroup will co-develop a multifamily project in the Lago Mar Development in Texas City. Catalon at Lago Mar will be a 230-unit, Class A community located at 6130 Lago Mar Blvd. near I-45. The community will feature a fitness center and outdoor pool. Oldham Goodwin’s development services division, in conjunction with MGroup, will be overseeing the development and construction management of the project. The project team selected FCI Multi-Family Construction to oversee construction. Construction for Catalon at Lago Mar is expected to begin Feb. 1, with a projected completion date in first quarter 2017.

January 29, 2016

ARA Newmark Arranges Sale of 74-Unit Apartment Community in Austin

by Haisten Willis January 29, 2016

AUSTIN, TEXAS — ARA Newmark has arranged the sale of Delwood Station Apartments, a 74-unit multifamily community located in Austin. Andrew Shih of ARA Newmark represented the seller, Curtis Capital Group, in the transaction. GVA, a local company, purchased the property at 99 percent occupancy. Constructed in 1969, Delwood Station is a recently remodeled, garden-style apartment community with a pool, fitness center, bike racks and rentable storage units.

January 29, 2016

Midwest Multifamily Ohio Seniors Housing

SLIB Arranges $12M Sale of Independent Living Community in Ohio

by Christina Cannon January 29, 2016

MAYFIELD HEIGHTS, OHIO — Senior Living Investment Brokerage Inc. (SLIB) has arranged the sale of Gates Mills Club, an independent living community in the Cleveland suburb of Mayfield Heights, for $12 million. Gates Mills contains 120 units and is located on a 1.7-acre plot. At the time of sale, the community was 88 percent occupied. The sales price, which equates to $100,000 per unit, represents a 6.7 percent capitalization rate. The community was built in 1979 as an assisted living facility. The seller, a private owner based in California, bought and remodeled the property for independent living in 2008. The buyer, also a private owner, is based in Kentucky. Ryan Saul, a managing director for SLIB, arranged the sale.

January 29, 2016

Alabama Loans Multifamily Southeast

AloStar Provides $16.8M Acquisition Loan for Apartment Community in Metro Birmingham

by John Nelson January 29, 2016

HOOVER, ALA. — AloStar has provided a $16.8 million acquisition loan for The Cliffs at Rocky Ridge, a 323-unit apartment community in Hoover. AloStar provided the loan to Elmington Capital Group, a Nashville-based commercial real estate investment and development firm.

January 29, 2016

Colorado Multifamily Western

Wood Partners Buys the Grove at City Center in Aurora

by Nellie Day January 29, 2016

AURORA, COLO. — Wood Partners has purchased the Grove at City Center, a 420-unit apartment complex in Aurora, for an undisclosed sum. The community is located at 14304 E. Tennessee Ave., about 20 miles east of Denver. Wood Partners plans to continue the renovation efforts that were initially started by the unnamed seller. The Grove is less than half a mile from the Aurora Metro Center Rail Station, which will open mid-year. It is also situated near employment centers like the Anschutz Medical Campus, Fitzsimons Innovation District, Denver Tech Center and Denver International Airport.

January 29, 2016

District of Columbia Seniors Housing Southeast

ASHA Launches New Seniors Housing Website for Education Initiative

by John Nelson January 29, 2016

WASHINGTON, D.C. — The American Seniors Housing Association (ASHA) has launched its new website — Where You Live Matters (www.WhereYouLiveMatters.org) — along with a major social media outreach initiative. The new site is part of a larger initiative aimed at expanding the awareness of senior living through consumer education. The website’s content includes finance management resources, guides for prospective residents and their families, editorial columns and videos. “Our members and organization are committed to giving consumers across the country a place to learn more about the seniors housing landscape,” says David Schless, president of ASHA. “There are resources available, but we’re committed to painting a clearer picture.” In developing the website and related social media, ASHA established a committee that consisted of representatives from major senior living organizations and experts across the country, including Doug Schiffer of Allegro Senior Living; Jeff DeBevec of Belmont Village Senior Living; David Carliner of Brightview Senior Living; Jonathan Ruchman of Brookdale; Meg Ostrom of Enlivant; Letitia Jackson of Senior Star; Meghan Lublin and Sara Abriatis of Sunrise Senor Living; Dan McConnell, ASHA’s Public Relations Consultant; Dr. Margaret Wylde of ProMatura Group; and Jim Bowe of GlenAire HealthCare, who is the committee chairman. Dr. Roger …

January 29, 2016

the-gateway-at-cullen-university-of-houston

Multifamily Student Housing Texas

Fountain Residential, Virtus to Develop Student Housing Project in Houston

by Haisten Willis January 28, 2016

HOUSTON — Dallas-based Fountain Residential Partners, in a joint venture development with Austin-based Virtus Real Estate Capital, will develop a student housing community for the University of Houston and nearby Texas Southern University. The Gateway on Cullen will be located on Cullen Boulevard at the main entrance to the University of Houston campus. The 7.7-acre property will consist of 531 beds including one-, two-, four- and five-bedroom apartments and townhouses, along with a pool, volleyball court, an 8,000-square-foot clubhouse, fitness center and private study rooms. The majority of the units at The Gateway on Cullen will consist of two-level townhome configurations upwards of 1,900 square feet. Each fully furnished unit will feature vinyl wood plank flooring, granite countertops, queen-sized beds, 50-inch TVs, stainless steel appliances and full-sized washer and dryers. Stuart Roosth Architects designed The Gateway on Cullen, and Temple, Texas-based MW Builders is the general contractor. The project will be completed before the fall 2017 semester.

January 28, 2016

Multifamily Texas

Greysteel Arranges Sale of Highland Hills Apartment Complex in Dallas

by Haisten Willis January 28, 2016

DALLAS — Greysteel has arranged the sale of Highland Hills, a 100-unit multifamily community in Dallas. Greysteel’s Boyan Radic, Doug Banerjee, Andrew Mueller and Ryan Hill represented Highland Hills Apartments LLC in the sale of Highland Hills to Mountain Creek View Apartments LLC. The property is a garden-style community located in the southern region of Dallas County with amenities including covered parking, an on-site laundry facility and a swimming pool.

January 28, 2016

Multifamily Student Housing Texas

Domus Development to Open $27.7M Student Housing at Texas-RGV

by Haisten Willis January 28, 2016

EDINBURG, TEXAS — Domus Development is bringing a $27.7 million, off-campus student housing community to Edinburg in August 2017. The Dallas-based developer will break ground in May 2016 on Legends Edinburg, which will bring 566 beds to the apartments market near The University of Texas Rio Grande Valley in Edinburg. The complex will be located on the corner of Chapin Street and Sugar Road with amenities including a salt water pool, sand volleyball court, study rooms, a clubhouse with game room and a computer lounge. Floorplans will include one-, two- and four-bedroom options. The individual apartments will come fully furnished with granite countertops, ceiling fans and full-size washer and dryer units. The entire property is equipped with high-speed Wi-Fi, and will employ an on-site maintenance and management staff. Legends Edinburg will be the second off-campus purpose-built student housing community in the area.

January 28, 2016

Multifamily New York Northeast Student Housing

United Group to Develop 268-Bed Student Housing Property at Hudson Valley Community College in New York

by Amy Works January 28, 2016

TROY, N.Y. — Hudson Valley Community College (HVCC) has selected Troy-based United Group to develop a student housing community at the corner of Morrison and Vandenburgh avenues in Troy. Located within walking distance to HVCC’s campus, the proposed College Suites at Hudson Valley will house 268 students and feature a fitness center, laundry facilities, bike storage and on-site management offices. Additionally, each of the 72 apartment suites will be fully furnished and include all utilities.

January 28, 2016

Newer Posts

Older Posts