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Breckenridge Apartment Homes Acquired by REIT

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Breckenridge Apartment Homes , Portland, Ore." width="300" height="133" /> Breckenridge Apartment Homes , Portland, Ore. Portland, Ore .— Resource Real Estate Opportunity REIT II , a non- traded real estate investment trust sponsored by Resource Real Estate , announced it has acquired the Breckenridge Apartment Homes . Details about the transaction remain undisclosed . Breckenridge is a garden style multifamily community with 357 units built in 1985 in the West Hills submarket at 8150 SW Barnes Road . The property sits within five minutes of both Providence St. Vincent Medical center and the Sunset Corridor. “We are very pleased to be able to execute the purchase of Breckenridge on behalf of Opportunity REIT II and its investors. Portland is among the best cities in the U.S. for attracting young, creative and educated people. Due to its talented labor pool , Portland has seen the breadth of its job opportunities grow as key employers have followed the ...

Join US Capital and New Cities at Investor Event in San Francisco

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  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, ...

RK Properties Acquires 220-Unit Raleigh, NC Property

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 ...

RK Properties Acquires 220-Unit Edwards Mill Apartment Community in Raleigh, North Carolina

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...

Waters Edge Apartments latest addition in Penfield

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CLOSE Perched on the south end of Irondequoit Bay, Waters Edge at Southpoint Cove, 1100 Anchor Line Dr . off Empire Boulevard, is in Penfield. (June 29, 2016) Video by Mary Chao. Video by Mary Chao. Buy Photo Waters Edge at Southpoint Cove is in Penfield off Empire Boulevard. (Photo: TINA MACINTYRE-YEE/@tyee23/staff photographer) Buy Photo The developer of the region's latest waterfront housing development is altering its plans. Instead of a combination of apartments and condominium units for sale, Waters Edge at Southpoint Cove at 1100 Anchor Line Dr . off Empire Boulevard in Penfield will be built only as apartments, said David Spoleta, who works for Morgan Community. Buy Photo   (Photo: TINA MACINTYRE-YEE /@tyee23/staff photographer) Apartment rentals has exceeded expectations, with 137 of the 157 units already leased since they became available last summer, said Spoleta, manager at Waters Edge. A decision was made to change plans for the building of 26 condominium units into ...

State College, PA - Landmark Moving Ahead with Student Housing Development at Toftrees -

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Sample image of planned units at The Station via www.thestationstatecollege.com. Click photo for gallery Georgia- based student housing developer Landmark Properties announced on Thursday that it is moving forward with The Station, a cottage- style housing development at Toftrees geared toward Penn State students . Patton Township 's Board of Supervisors in May approved the final land development plan for The Station, which will be located on the north side of Toftrees Avenue . The site is bordered on the northeast by the Woodledge Drive development , on the northwest by Toftrees golf course and on the west by Squirrel Run apartments . The Station, which is expected to open for the fall of 2018, will be Landmark's third student housing development in the Centre Region. The Retreat opened on Waupelani Drive in 2013. The Metropolitan high-rise at the corner of South Atherton Street and West College Avenue opened to residents on Aug. 18, though other areas of the building, ...

Busy Plano tollway corner will get huge mixed-use development | Real Estate

Provident Realty and the Baccuses hired O'Brien Architects to design the planned retail, restaurant and office development . "The goal is to create something iconic both architecturally and as a sense of place," said Mick Granlund, vice president at O'Brien Architects. "We have planned the site to incorporate and build upon an existing grove of beautiful trees." Office towers, hotel Early plans include three office towers of eight to 10 floors, a boutique hotel and more than 50, 000 square feet of retail space to be constructed along Spring Creek. "There are a lot of good brands for restaurants and retail that are now highly aware of Legacy, but they couldn't get into that market," Backes said. "We are giving the retailers and restaurants high visibly while still keeping the walkable, urban environment ." The retail buildings will be clustered in a park-like campus just south of the planned high-rises. "We have the capacity t...

LocalConstruct aims to revamp Downtown Boise through housing

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Six years ago, Mike Brown and Casey Lynch stood on Downtown Boise ’s 8th Street and wondered: Why don’t more people live here? Downtown seemed to have everything that a growing percentage of Americans wanted in a place to live. “I mean, there’s all kinds of jobs. There’s a million coffee shops and hair salons and restaurants, and there’s an active street life ,” says Brown, who founded the Los Angeles- based development company LocalConstruct with Lynch in 2008. Casey Lynch, left, and Mike Brown have made their mark in Boise. Provided by LocalConstruct But in 2011, fewer than 4,000 people lived in Downtown’s scattered apartment and condominium buildings and houses. On a typical weekday afternoon , most Downtown workers got in their cars and put the city in the rearview mirror. Brown and Lynch saw an opportunity. They thought Boiseans would trade ample floor space and vaulted ceilings in the suburbs for smaller, high- end Downtown apartments that offered amenities like gyms, a do...

Affordable housing development Ivanhoe Estate in Sydney gets government go-ahead

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The massive new social and affordable housing renewal development just given the go-ahead by the NSW Government in Sydney’s north has been greeted with cautious approval by experts. But while it’s been hailed as “ground-breaking” by some, with plans for similar scale projects at four other major sites, others have said it still is a long way off solving housing affordability for many Sydneysiders. “Of course, the provision of this new affordable housing is always good, but it’s still just a drop in the ocean,” says Associate Professor Eileen Webb , of the Curtin Law School , who’s been studying the lack of housing. Ivanhoe estate ." /> An artist’s impression of Ivanhoe estate . Photo: Supplied “As we’ve seen in Martin Place recently , there are many people homeless, with the 2011 Census putting the figure very conservatively at 105,000. We’ve also had reports that a further one in 10 Australian households are in housing stress and at risk of homelessness, which is 850,000...