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Top MultifamilyBiz News
Dillon and Summit County closing in on construction for workforce housing project
The proposed design would create 177 affordable workforce housing units, 25 of which would go to the U.S. Forest Service. The roughly 10-acre parcel of land is wrapping up its preliminary phase before it moves into pre-construction. The town and county will continue to split the cost of development as consulting developer, Servitas LLC, is brought onto the project.See the Story
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Former JoJo’s Site in Florida Keys Set for Transformation to Single-Family Community Following Sale by Tobin Real Estate
MARATHON, FL - The former home of the iconic JoJo’s Restaurant in the Florida Keys is poised to become a single-family residential development following a sale of the Marathon site arranged by Tobin Real Estate. Tobin’s successful sale paves the way for the 3.7-acre site’s new owners to start construction in October 2022. A Tobin, Inc. subsidiary was the seller of the site near mile marker 59 to a joint venture between Ironwood Venture Group and…See the Story
National Equity Fund Provides $27 Million in Refinancing for 115-Unit Belmont Affordable Housing Community in Staten Island
The Belmont Apartments community comprises two, six-story buildings in the St. George waterfront neighborhood of Staten Island. Constructed in 1966, the 130,000-square-foot property features a mix of one-bedroom, two-bedroom and three-bedroom units. The property has also earned the U.S. Environmental Protection Agency's ENERGY STAR certification for superior energy performance.See the Story
Latest News Stories
Cove Capital Investments Acquires Value-Add 159-Unit Multifamily Community in Growing Dallas Fort-Worth Neighborhood
Cove Capital Investments has completed the purchase of a 159-unit, 130,128 square foot value-add multifamily community in the growing Dallas Fort-Worth area. The investment will be part of the "Cove Dallas Multifamily 59 DST", a Regulation D, Rule 506c offering.See the Story
Capital Square Completes Acquisition of 262-Unit Tapestry West Apartment Community in Vibrant Richmond Neighborhood
Capital Square, one of the nation's leading sponsors of tax-advantaged real estate investments, announced the acquisition of Tapestry West. The 262-unit Class A multifamily community is located in the midst of one of Richmond's most vibrant areas. The property is in close proximity to midtown Richmond and the emerging neighborhood of Scott's Addition.See the Story
Tampa · Tampa
RangeWater Expands Footprint in Fast Growing Tampa Region With First In-House Multifamily Housing Construction Project
RangeWater Real Estate and Nuveen Real Estate are breaking ground on Tortola, a new 288-unit residential community in the suburban community of Wesley Chapel near Tampa, Florida. The new community will serve the growing need for housing in the area with one, two and three-bedroom apartments. Florida is RangeWater's second-largest market after its home state of Georgia.See the Story
Palladius Capital Management Acquires Newly Built 342-Unit Citizen House Kyle Multifamily Community in Suburban Austin Market
Citizen House Kyle is a 342-unit Class A multifamily asset in the high-growth South Austin suburb of Kyle, TX. Located along the I-35 Innovation Corridor, Citizen House Kyle was completed in 2022. The property offers luxury one- and two-bedroom units and an array of state-of-the-art amenities, including a resort-style pool.See the Story
Arizona · Arizona
American Landmark Acquires 286-Unit Cabana 99th Apartment Community in Westside Neighborhood of Glendale, Arizona
Cabana 99th is a brand new, 286-unit apartment community located in Glendale, Ariz., just outside the Phoenix metropolitan area. The property has been renamed The Lotus. This marks the company's second acquisition in Arizona this year, following The Access Apartments in July.See the Story
EDEN Multifamily Adds Tyler Heckaman as Director of Land Acquisition to Source Large-Scale Development Opportunities
Tyler Heckaman is the Director of Land Acquisition at EDEN Multifamily. He is responsible for sourcing new acquisition opportunities and supporting EDEN's entitlement, market analysis, underwriting and operations. Heckaman has deep ties to Jay Massirman's Rivergate family of companies.See the Story
DLP Capital and ORP Investments Acquire 297-Unit Mixed-Use Multifamily Community in Heart of Houston’s Neartown-River Oaks Submarket
DLP Capital, a private real estate investment and financial services firm, announced that it has purchased a Houston-area multifamily property, Elan Memorial Park. The mixed-use property, with 297 residential units and premium retail spaces, is located in the Neartown-River Oaks submarket of Houston. The Houston metropolitan area experienced its best employment growth on record in 2021.See the Story
Sentral Brings Innovative Flexable Living Concept to Denver's Historic River North District With Construction of Sentral RiNo Apartments
Sentral, the modern property management company innovating flexible living communities throughout the United States, announced its newest collaboration with OliverBuchananGroup. Sentral RiNo, located in Denver's River North District, will commence construction in 2023. More than 300 apartments will be developed in this exciting project's initial phase, with further retail, office, and event space to be developed soon after.See the Story