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Praxis Capital enters the Atlanta Market by Acquiring the 198-Unit Birch Run Apartments

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...

Selling points: Sela buys NJ resi complex for $40M, Kamber acquires UWS portfolio for $50M

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Gebroe-Hammer Associates Coveted apartment  complex fetches $40M An apartment community in tony West Orange , NJ,  has been sold for $40.5 million. Gebroe- Hammer Associates brokered the sale of the 178- unit Crest Ridge Apartments complex . The team of Greg Pine and Adam Zweibel exclusively represented the original developer , Rockledge Realty, LLC, and procured the buyer, Sela Realty Investments , in the transaction. Located at 200 Mt. Pleasant Ave. at the base of an 80 ft. cliff, the 16-building, historically well- occupied complex posed an extremely rare acquisition opportunity within the Northern New Jersey metro. “Situated in the Town Center section of West Orange, Crest Ridge Apartments is at the heart of one of the most expensive, in- demand local neighborhoods as well as the transit- filled greater West Essex County submarket ,” said Pine. “In a township where apartment rentals make up only about one-third of the housing stock, Crest Ridge Apartments is a gem favored...

Zillow Group's (ZG) CEO Spencer Rascoff on Q2 2017 Results

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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...