Apartment Look

NEW YORK, NY -  Centerline Capital Group (“Centerline”), a provider of real estate financial and asset management services for affordable and conventional multifamily housing , and a subsidiary of Centerline Holding Company (OTC: CLNH), announced today it has provided a $15. 5 MM Fannie Mae first mortgage to refinance Forest Ridge Apartments in Nashua, New Hampshire. Forest Ridge Apartments , located at 1B Hampshire Drive in Nashua, is a garden style multifamily facility built in tin two phases in 1969 and 1972.  The facility comprises 21 , two- and three-story buildings.  The property consists of a total of 370 units, and the unit mix includes 88 one bedroom-one bath units, 242 two bedroom-one bath units, 24 two bedroom-one bath townhouse units , and 16 three bedroom-two bath townhouse units . The loan is a 10- year fixed rate facility with a 30- year amortization period . The loan will be used to refinance the existing balance on the property.  Centerli...

The institutional investor held 52 ,271 shares of the major banks company at the end of 2016Q4, valued at $2.69M, up from 44,571 at the end of the previous reported quarter . As per Thursday, February 2, the company rating was maintained by RBC Capital Markets . The Massachusetts- based Pioneer Invest Management has invested 0.27% in Nike Inc (NYSE:NKE). About 40,725 shares traded. It is down 3.26% since August 10, 2016 and is uptrending. Steinberg Global Asset Management 's holdings in Mid- America Apartment Communities were worth $245,000 as of its most recent filing with the SEC. The stock has a market capitalization of $11.87 billion, a P/E ratio of 48.30 and a beta of 0.35. The stock rose 0.02% or $0.01 reaching $59.08. About 395,053 shares traded. Finally, Cleararc Capital Inc. raised its position in Mid- America Apartment Communities by 1.9% in the first quarter. It has underperformed by 15.78% the S&P500. Advisor Ltd invested in 3,041 shares. 141 funds opened positi...

August 22, 2017 - By Stephen Andrade The Priceline Group Inc. is a provider of travel and restaurant online reservation and related services. The company has market cap of $88.38 billion. The Company, through its online travel companies , connects clients wishing to make travel reservations with providers of travel services across the world. It has a 38.27 P/E ratio. It offers clients an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands. Los Angeles Capital Management & Equity Research Inc increased Pinnacle West Cap Co (PNW) stake by 15.7% reported in 2016Q4 SEC filing . Los Angeles Capital Management & Equity Research Inc acquired 11,504 shares as Pinnacle West Cap Co (PNW)’s stock rose 7.46%. The Los Angeles Capital Management & Equity Research Inc holds 84,774 shares with...

Mainstreet Equity (OTC:OTC:MEQYF) is an under-the-radar residential apartment owner/operator in Western Canada . Despite a market cap of $325m (all figures Canadian ), it often sees volume of less than 1000 shares a day on the TSX where it trades under the MEQ ticker. The recent investor presentation (July 2017) gives a brief snapshot of the properties Mainstreet controls . It's important to note that Mainstreet is well away from the frothier markets in Canadian real estate , both geographically and in terms of price point. The average apartment it owns is valued at just marginally more than $100k with an average monthly rent of just $864. These are solidly middle class , leaning lower middle class , properties. The company is focused on rolling up what they view as smaller, underperforming buildings, often ones that have fallen into significant disrepair, are being managed by inexperienced and/or unprofessional owners, and giving them a makeover, with some recent examples fr...

29th Street Capital and Stonemark Equities Acquire Southern Hills Apartments in Arlington, TX Irvine, CA, November 10, 2013 --(PR.com)-- 29th Street Capital (29SC), through its high net worth fund , has closed on an off-market opportunity to acquire Southern Hills , a 250- unit apartment community located in Arlington, TX. The property was acquired through a partnership sponsored by Stonemark Equities . Southern Hills was owned and self-managed by a group of private investors. The property suffers from deferred maintenance that has resulted in rents and occupancy below neighboring competitive properties . The business plan is to immediately implement professional management through Stonemark Management , LLC, and invest $1.3 million for both interior and exterior improvements to achieve rents in line with the market. “This asset is a great addition to our high net worth fund with strong cash flow and future upside,” said Robb Bollhoffer, Managing Partner at 29SC. “We are also ...

  August 12, 2017 -- San Francisco, California (PRWEB) August 12, 2017 US Capital Partners Inc. has been engaged as the exclusive advisor to New Cities Investment Partners , LLC for the capital formation for a $110MM mixed-use real estate development named the ?Maple & Main Project' in Hayward, located in California's flourishing San Francisco Bay Area . To showcase this project, US Capital will be hosting an investor event on Thursday, August 17th between 6pm and 8pm at the iconic Bently Reserve . This landmark, known as the former San Francisco Federal Reserve building , is located at 301 Battery Street. This will be an opportunity to meet the management team and join the discussion around Maple & Main's conception. The Maple & Main Project has been unanimously approved by the Hayward City Council and is expected to be a catalyst for downtown revitalization. The project is located at Main, Maple & A Street on a 3.9 acre site four blocks from the BART, ...