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benzinga.com March 31, 2021

Canadian Apartment Properties Real Estate Investment Trust Announces Notice Of Termination Of Ires Management Agreement

TORONTO, March 31, 2021 /CNW/ - Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR) ("CAPREIT") announced today that IRES Fund Management Limited (the "Investment Manager"), a wholly-owned subsidiary of CAPREIT, today provided twelve (12) months' notice of termination of its management agreement (the "Management Agreement") with Irish Residential Properties REIT plc ("IRES REIT"), which will become effective March 31, 2022. Pursuant to the Management Agreement, the Investment Manager provides asset and property management services to IRES REIT.
Read by 62% of LPs

benzinga.com March 16, 2021

Dlp Real Estate Capital Acquires Multifamily Portfolio Of 1,086 Apartment Units Along The Gulf Coast

ST. AUGUSTINE, Fla., March 16, 2021 /PRNewswire/ -- DLP Real Estate Capital announced its acquisition of the PROSPER Gulf Coast portfolio, a multifamily property portfolio, consisting of four communities along the gulf coasts of Mississippi and Alabama. This 1,086-unit portfolio will greatly impact individuals and families living in these localities as DLP will provide them with affordable and safe, workforce housing. Don Wenner, Founder and CEO of DLP Real Estate Capital comments, "We are excited to close on this large-scale portfolio with over 1,000 apartment homes in four locations across two states.
Read by 72% of LPs

law.com March 10, 2021

Dasmen Residential Expands Florida Foothold With $109M Apartment Portfolio Buy | Daily Business Review

Prior to this purchase, the New York-based investor owned only one property in Florida. : Dasmen Residential has expanded its presence in the Florida market with the purchase of a five-property apartment portfolio in Tampa and Orlando. Dasmen purchased the portfolio for $109 million, along with a $15 million equity investment raised through the CrowdStreet Marketplace. Raychel Lean is ALM's Florida bureau chief, overseeing the Daily Business Review. Email her at [email protected] or follow her on Twitter via @raychellean.
Read by 60% of LPs

mingtiandi.com March 07, 2021

Allianz Real Estate Buying Tokyo Apartments For $89.5M

The world's largest institutional investors continue to bet on Japanese rental apartments for their resilient returns, with Allianz Real Estate announcing on Friday that it had entered into an agreement to acquire a portfolio of Tokyo assets for EUR75 million... Read More>> The post Allianz Real Estate Ups Japanese Holdings With $89.5M Tokyo Apartment Buy appeared first on Mingtiandi.
Read by 75% of LPs

prnewswire.com March 05, 2021

Bodka Creek Capital Acquires Houston Msa Multifamily Apartment Complex For $17.6M

HOUSTON, March 5, 2021 /PRNewswire/ -- Bodka Creek Capital has acquired Terraces Apartments, a 240-Unit Class C Multifamily Complex in Texas City, Texas, for $17.6 million, marking the Houston-based real estate firm's continued expansion. Terraces@2602 is the first acquisition for Bodka...
Read by 54% of LPs

benzinga.com March 04, 2021

Preferred Apartment Communities, Inc. Announces Real Estate Loan Investment In Orlando, Florida Multifamily Development

ATLANTA, March 4, 2021 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE:APTS) ("PAC" or the "Company") today announced that on March 1, 2021 it closed on a real estate loan investment of up to approximately $16.8 million in connection with Crosland Southeast's plans to develop a 320-unit Class A multifamily community located in Orlando, Florida. The property is part of Metro West, an 1,800-acre mixed-use development currently comprising over 2.5 million SF of office and retail, Valencia College's West Campus, and MetroWest Golf Club. Additionally, with this investment, PAC received an option to purchase the multifamily community following stabilization.
Read by 75% of LPs

prnewswire.com March 04, 2021

Preferred Apartment Communities, Inc. Announces Real Estate Loan Investment In Orlando, Florida Multifamily Development

ATLANTA, March 4, 2021 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that on March 1, 2021 it closed on a real estate loan investment of up to approximately $16.8 million in connection with Crosland Southeast's plans to develop...
Read by 70% of LPs

therealdeal.com February 22, 2021

Cnn's Jeff Zucker Sells Upper East Side Apartment

CNN's head honcho Jeff Zucker sold his five-bedroom Upper East Side apartment for $15.35 million to hedge fund billionaire Michael Steinhardt and his wife, Judith. Zucker sold the unit at The Verona co-op building at East 64th Street for a discount from his asking price of $17.5 million. The renovated five-bedroom has a 38-foot wide living room, a private office and library, a chef's kitchen with multiple dining areas and three working fireplaces. The The post CNN's Jeff Zucker sells UES pad to hedge funder for $15M appeared first on The Real Deal New York.
Read by 77% of LPs

benzinga.com February 22, 2021

Canam Capital Partners Closes On Equity Investment In 420-unit Luxury Apartment Property In Fort Lauderdale | Benzinga

NEW YORK, Feb. 22, 2021 /PRNewswire-PRWeb/ -- CanAm Enterprises is pleased to announce that its private equity affiliate, CanAm Capital Partners (CACP), has closed on its latest real estate investment - $3 million from redeployed investor capital that has been successfully invested into Pacific Point Apartments in Fort Lauderdale, Florida to fund the repositioning of a 420-unit apartment community by the Frankforter Group. CanAm Enterprises is a leading full-service financial firm sponsoring EB-5 immigration-linked investment funds.
Read by 43% of LPs