A New York-based real estate investment firm acquired its third apartment complex in Jacksonville in the last two years. Quad Property Group of New York City bought a 44-year-old apartment complex in southwest Jacksonville for $10.75 million, or $70,723 per unit. Quad Property acquired Ortega Pines, a 152-unit apartment complex at 4800 Ortega Farms Boulevard. The new landlord will rename the property The Palms at Ortega. The apartment complex is just west of Naval Air ... [more]
Triago Ventures, A Draper, Utah-based Multi-family Real Estate Firm, Acquires Republic Woodlake Apartments In San Antonio, Texas | Benzinga
Triago Ventures, a Draper, Utah-Based Multi-family Real Estate Firm, Acquires Republic Woodlake Apartments in San Antonio, Texas The San Antonio market is on the rise and Triago Ventures found the perfect value add opportunity. CEO and Co Founder, Jay Minnick loves the people and city of San Antonio and was grateful to be able to secure this multi family investment.
Sex scandals don't get in the way of real estate. Disgraced "Today" show anchor Matt Lauer sold his swanky Upper East Side apartment for above the $7.35 million asking price. The four-bedroom co-op has a private elevator, wood-burning fireplace, and library views of downtown Manhattan.
A new apartment complex in downtown Clearwater with vacant ground-floor retail space sold for $46.8 million. The price equated to $182,101 per square foot for the 257-unit Nolen apartment complex, which opened last year. The rental property on Cleveland Street in downtown Clearwater sold with an 85 percent residential occupancy rate. But the property's 11,500 square feet of vacant retail space was part of the appeal of The Nolen to the buyer, NM Residential. Michael ... [more]
Prudent Growth Partners Completes $13,350,000 Apartment Buy in Jacksonville, NC Prudent Growth Partners has acquired the 286-unit Liberty Crossing apartment community in Jacksonville, NC in a $13,350,000 deal. It purchased the community as part of a 1031 TIC transaction involving multiple buying entities. PR Newswire CHAPEL HILL, N.C., Jun. 26, 2018 CHAPEL HILL, N.C., Jun. 26, 2018 /PRNewswire-PRWeb/ -- Prudent Growth Partners, LLC, a Chapel Hill, NC based Private Equity Real Estate Firm, has purchased the Liberty Crossing Apartments in Jacksonville, NC.
Grand Peaks Properties paid $65.6 million for an apartment complex near Florida International University in Sweetwater, property records show. Real estate investors Manuel and Jorge Larrieu and Nitza Gonzalez sold Sundance Village, a 304-unit property at 11325 Northwest Seventh Street, for about $216,000 per apartment. They paid $7.2 million for the complex in 1997, and hired Larry Stockton of Colliers International South Florida to sell the property earlier this year. Sundance Village, built in 1988 ... [more]
Pictured: Chatsworth Apartments in Roswell, GA, one of two communities sold earlier this week by Titan Real Estate Investment Group and Investcorp International.While shiny new apartments in Atlanta's Midtown and Buckhead areas garner more attention, its the decades-old multifamily buildings in the suburbs that are catching the eye of value-seeking investors. In the past eight weeks alone, investors have snapped up several large, 1970s- and 1980s...
Minto Apartment Real Estate Investment Trust Files Amended And Restated Preliminary Prospectus For Initial Public Offering Of Trust Units
Minto Apartment Real Estate Investment Trust Files Amended and Restated Preliminary Prospectus for Initial Public Offering of Trust Units Canada NewsWire OTTAWA, June 8, 2018 /NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED STATES/ OTTAWA, June 8, 2018 /CNW/ - Minto Properties Inc. ("Minto Properties") and Minto Apartment Real Estate Investment Trust (the "REIT") today announced that it has filed an amended and restated preliminary prospectus in respect of the REIT's previously announced initial public offering of trust units (the "Units") of the REIT (the "Offering").