OTTAWA, April 8, 2019 /CNW/ - Minto Apartment Real Estate Investment Trust (the "REIT") (TSX:MI) today announced that it will release its 2019 first quarter financial results after market close on Tuesday, May 7th, 2019. Michael Waters, Chief Executive Officer, and Julie Morin, Chief Financial Officer, will host a conference call for analysts and investors on Wednesday, May 8th, 2019 at 10:00 am (ET). ...Full story available on Benzinga.com.
After a giant year in 2018, international investment in apartments slowed early this year, according to early data. : Rising interest rates and uncertainty about the economy's prospects slowed the pace of investment in apartment properties during the first few months of 2019. "The deal activity in January and February was light," says Jim Costello, senior vice president for Real Capital Analytics (RCA), a data firm based in New York City. Lower interest rates are expected to lure some investors back to make deals later this year.
LITTLE ROCK, AR and TORONTO, March 27, 2019 /CNW/ - BSR Real Estate Investment Trust ("BSR" or the "REIT") (TSX:HOM) announced today that it has completed the purchase of Wimberly Apartments ("Wimberly" or the "Property"), in Dallas, Texas for US$53.1 million. Wimberly Apartments are located in North Dallas, close to the high traffic interchange of the George Bush Turnpike and Dallas North Tollway. The purchase is expected to be immediately accretive to the REIT's adjusted funds from operations1 ("AFFO") on a per unit basis.
While many investors shy away from rent-controlled buildings, they can offer good returns and steady revenue streams. : creating an environment of political uncertainty that is driving many multifamily investors out of those markets. But there are investors who have opted to take on the challenge of buying rent-controlled properties, believing that if handled correctly, such properties offer great opportunity.
A Denver real estate investment company teamed up with a Los Angeles firm to acquire three multifamily properties in a deal that the broker is calling one of the largest of its kind in metro Denver since 2016. Officials from Denver-based BMC Investment and Oak Coast Properties, of L.A., said Thursday that they acquired three neighboring apartment buildings comprising 1,023 units near the Denver city limits in Arapahoe County for $177 million. Timberline, Woodhaven and Westwood apartments are east of South Quebec Street and north of East Yale Avenue in an unincorporated section of Arapahoe County, according to property records.
It has a huge terrace with an outdoor fireplace. : Karlie Kloss and husband Josh Kushner, the co-founder of health insurance start-up Oscar Health and the brother of Jared Kushner, have put their luxury New York City apartment on the market. The pair is looking to sell their two-bedroom, 2,000-square-foot apartment located in the NoLita neighborhood of downtown Manhattan for $6.9 million, according to a listing posted recently by real estate brokerage Compass. The multi-million-dollar condo, which is in a building with a doorman, has two-and-a-half bathrooms outfitted with marble and brass fixtures, as well as a "deep soaking tub."
Blackfin Real Estate Investors LLC and GMF Capital have acquired Virginia Beach, Virginia-based Baker Cross, a 600-unit apartment community. No financial terms were disclosed. PRESS RELEASE Blackfin Real [...]
NEW YORK, March 6, 2019 /PRNewswire/ -- The Clairmont Group, an owner-operator of real estate in the Tri-State area along with RealtyMogul, a private equity firm using crowdfunding to finance commercial real estate investments, have teamed up to acquire Avon Place Apartments, a 164-unit apartment complex located in Avon, Connecticut for $24 million. The partnership plans to spend over $1 million in capitalized expenditures, including apartment renovations and common area improvements. Matt Schneid from Cole Scholz P.C. served as the legal advisor on the transaction.
Europa Fund V sold the fully leased apartments in Valby for an undisclosed sum. : Aberdeen Standard Investments has bought 97 newly built private rented sector apartments in Denmark's capital from a Europa Capital fund. Europa Capital said its value-add Europa Fund V sold the fully leased apartments in the Copenhagen suburb of Valby for an undisclosed sum. Hugo Black, a partner at Europa Capital, said: "Since we acquired our first asset in Valby in 2015, we have witnessed the area's transformation first-hand and how its development has helped alleviate the housing pressures from Copenhagen's rapidly growing population.
HOLLYWOOD, Fla., Feb. 27, 2019 /PRNewswire-PRWeb/ -- PointOne Holdings, a real estate investment firm with offices in Hollywood Florida and Atlanta Georgia, just announced the sale of Crestmark Apartments located in the Metro Atlanta city of Lithia Springs. The property sold on January 2019, generating a return multiple of 2.5 times the total equity invested in a period of two and a half years. "Crestmark Apartments is an excellent example of a successful execution by PointOne Holdings with the help of Pegasus Residential," said Ben Colonomos, PointOne Holdings' Managing Partner.