Apartment Look

SANTA ROSA, Calif. , Aug. 22, 2017 /PRNewswire/ -- San Francisco area based Praxis Capital , Inc . is pleased to announce that it has acquired the 198-unit Class B Birch Run Apartments in Clarkston, Georgia . This is the company's first acquisition in the Atlanta metro. Praxis plans to build a portfolio of approximately 2,000 units in this market. Praxis Capital has acquired the Birch Run Apartments , a beautiful 198-unit Class B Value-add property in Clarkston, GA, a suburb of Atlanta" src="https://mma.prnewswire.com/media/547731/Praxis_Capital_Inc_Birch_Run_Atlanta.jpg?w=800" alt=" Praxis Capital has acquired the Birch Run Apartments , a beautiful 198-unit Class B Value-add property in Clarkston, GA, a suburb of Atlanta" class="img-responsive" /> Praxis Capital has acquired the Birch Run Apartments , a beautiful...

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 ...

Chicago—KeyBank Real Estate Capital has closed a $334. 4 million Fannie Mae credit facility for Enlivant, a Chicago-based owner and operator of seniors care facilities across the United States. The loan was secured by 54 assisted living properties in 12 states including Iowa , Indiana, Kentucky, Michigan, Nebraska, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Washington and Wisconsin. The new loan structure provides Enlivant with access to growth capital at attractive rates during the 10-year term. Key’s Healthcare Mortgage Banking Team , led by Carolyn Nazdin and Charlie Shoop, worked in conjunction with Fannie Mae to originate and close the loan in fewer than 60 days. NorthMarq Capital ’s Kansas City office finalizes transactions totaling $13.34M Kansas City, Kan—Greg Duvall, senior vice president/managing director of NorthMarq Capital ’s Kansas City regional office , arranged financing of $13.34  million for Parkway Commons and Peppertree Apartments, two multifamily p...

ARLINGTON, TX - Eagle Property Capital Investments announced the acquisition of Central Park, a 331- unit multifamily property located in Arlington, Texas within the Dallas / Fort Worth Metropolitan Area. The Property was acquired by EPC Multifamily Partners III, a private investment vehicle raised and managed by EPC. The Property represents the fifth acquisition for Fund III. DFW has one of the strongest fundamentals in the United States in terms of population, job, household income, and economic growth . The Property is in close proximity to abundant employment, recreation, shopping and entertainment venues. It is conveniently located less than 1.8 miles from the Arlington medical cluster , 2.0 miles from Arlington’s retail hub (which includes Arlington Highlands and Parks at Arlington Mall), 1.6 miles from University of Texas at Arlington and just 20 miles from the major employment centers of Downtown Fort Worth and Downtown Dallas . EPC will execute its proprietary ...

Massachusetts firm pays $56M for Jupiter apartment complexes Mallards Cove and Shell Trace Apartments sold for about $156,000 per unit By Amanda Rabines | August 15, 2017 12:00PM Mallards Cove Apartments Inset : Lawrence R. Gottesdiener CEO Northland Investment Big ticket multifamily complexes keep trading in South Florida. Newton, Massachusetts- based Northland Investment Corp . just bought two sister rental communities in Jupiter for $56 million, property records show . The real estate investment firm financed the deal with a $46.4 million mortgage from CBRE Capital Markets . Records show the mortgage is a Freddie Mac loan . The communities are called Mallards Cove and Shell Trace Apartments . The properties, located at 6705 Mallards Cove Road , stretch nearly 31 acres and offer about 359 units, meaning the trade breaks down to about $156,000 per unit. The seller is linked to Rhode Island- based Preston Giuliano Capital Partners . Records show the company is led by Michael Giul...

Zillow Group, Inc. (ZG) Q2 2017 Earnings Conference Call August 08, 2017 17:00 P.M. ET Executives RJ Jones – VP, Investor Relations Spencer Rascoff – CEO Kathleen Philips – CFO Analysts Ronald Josey - JMP Securities Mark Mahaney - RBC Capital Markets Unidentified Analyst - Sli.do © Provided by Seeking Alpha Earnings Call Transcripts Michael Graham - Canaccord Genuity Christian Rice - Needham & Company Hayden Blair - Stephens Inc. Brian Nowak - Morgan Stanley Mark May - Citigroup Lloyd Walmsley - Deutsche Bank Bradley Erickson - KeyBanc Capital Markets Shyam Patil - Susquehanna Financial Group Heath Terry - Goldman Sachs Presentation Operator Good day, ladies and gentlemen, and welcome to the Zillow Group's Second Quarter 2017 Earnings Call . At this time all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will be given at that time. [Operator Instructions]. As a reminder, today's call is being recorded. I wou...

The luxury apartment sector (R4.5 million plus) represents about 40% of the Atlantic Seaboard apartment market , and sales for the year to July 2017 already top R1.2 billion, with 97 units sold at an average price of R12.7 million. The average rate being 24% higher than last year (R10.3 million in 2016) and 44% up in just five years (from R8.8 million in 2012). This four bedroom, five bathroom apartment in Bakoven has a wraparound terrace, pool and two flatlets with separate entrances. It is on the market for R26 million - click here to view. Billy Rautenbach, sales director for Seeff Atlantic Seaboard , V&A Waterfront and City Bowl, says less than half of all sales (45%) this year, are below R10 million. Notably, she says some 14 sales have been concluded in the super- luxury R20 million -plus sector. This includes four in Clifton ranging from R40 million (Clifton Terraces) to R80 million (The Beaches), six at the Waterfront ranging from R40 million (Juliette) and one in Mouille ...

LONG BEACH, CA--(Marketwired - Aug 17, 2017) - RK Properties (www.RKProp.com) announced that it has acquired Edwards Mill , a 220- unit multifamily property in Raleigh, North Carolina. "We are excited to add our third and final property to RK Opportunity Fund IV with the purchase of Edwards Mill ," said Steve King, Vice President of Long Beach, California- based RK Properties . "We believe this asset is consistent with our disciplined underwriting criteria that meets the requirements of our investors for preservation of capital, reliable monthly income , appreciation, and tax benefits." Mr. King noted that RK Properties focuses on acquiring multifamily assets in strong locations with historical rent growth and a value- add opportunity . Edwards Mill is the company's first Delaware Statutory Trust (DST) structure, offering investment opportunities for 1031 exchange buyers and direct capital investors . Built in 1984, Edwards Mill is a 220-unit class ...

RALEIGH, NC - RK Properties announced that it has acquired Edwards Mill , a 220- unit multifamily property in Raleigh, North Carolina ."We are excited to add our third and final property to RK Opportunity Fund IV with the purchase of Edwards Mill," said Steve King, Vice President of Long Beach, California- based RK Properties . "We believe this asset is consistent with our disciplined underwriting criteria that meets the requirements of our investors for preservation of capital, reliable monthly income , appreciation, and tax benefits." Mr. King noted that RK Properties focuses on acquiring multifamily assets in strong locations with historical rent growth and a value- add opportunity . Edwards Mill is the company's first Delaware Statutory Trust (DST) structure, offering investment opportunities for 1031 exchange buyers and direct capital investors . Built in 1984, Edwards Mill is a 220-unit class 'A' community situated on 36.5 acr...

Another North Charleston apartment complex has changed hands, reflecting the steady demand from investors for multifamily properties in the region. The 353- unit Peppertree Apartments was sold this month for $16.75 million, or a $47,450 a key, according to Charleston County land records . Rents for the one- and two-bedroom dwellings off of Dorchester Road start at $665, according to ApartmentGuide.com. The buyer is an affiliate of Peak Capital Partners of Provo, Utah. It is the firm’s first investment in South Carolina, according to its website. Peak said it and its affiliate “own and manage conventional, affordable, and student apartment properties in growth markets in the United States.” The seller was a California company that had owned Peppertree since 1999. The garden- style rental property is on Forest Hills Drive . It in was built in phases between 1983 and 1989, according to the real estate firm Cushman & Wakefield, which helped broker the transaction and secure some ...

Grand Rapids, Mich.—One of Michigan’s largest apartment communities has changed hands for $100.4 million. Atlanta-based full- service multifamily investor Cocke Finkelstein made its first acquisition in Grand Rapids with the purchase of Ramblewood Apartments. At 1,710-units, the new owners will certainly be busy with upgrades, as Cocke Finkelstein plans to make significant capital investments into the property. CFLane, the management subsidiary of Cocke Finkelstein , will handle daily operations at the community, which was 98 percent occupied at the time of sale. Why Grand Rapids? Well the city sees significant job growth , low unemployment, and average apartment occupancy of 98 percent and limited new construction, according to the new owner. Ramblewood was built in phases from 1972 and 1985. There are two campuses that stretch across 188 acres. Amenities include an indoor pool, business center, 55,000-square-foot tennis and health club facility , a 24- hour fitness center , ba...

Other Institutions have lately purchased and unloaded stocks of the company. The Massachusetts- based Pioneer Invest Management has invested 0.27% in Nike Inc (NYSE:NKE). The stock declined 0.24% or $0.25 reaching $104.84 per share. Anthem Inc (NYSE:ANTM) has risen 31.86% since August 11, 2016 and is uptrending. It has outperformed by 6.37% the S&P500. Loomis Sayles & Company LP decreased Mid (MAA) stake by 5.07% reported in 2016Q4 SEC filing . The company is trading down by -0.02 percent from yesterday's close. Creative Planning now owns 1,715 shares of the real estate investment trust 's stock valued at $175,000 after buying an additional 577 shares in the last quarter. Mid- America Apartment Communiti now has a P/E ratio of 48.33 and market cap is 11.88B. The stock rose 0.02% or $0.01 reaching $59.08. About 395,053 shares traded. After $0. 60 actual EPS reported by Nike Inc for the previous quarter, Wall Street now forecasts -18.33% negative EPS growth. Advisor P...