Multifamily Archives

Multifamily

October 3, 2023

Capital Square Solves Flaw in Opportunity Zone Program as Third Opportunity Zone Fund Completes Stabilization, Secures Permanent Financing and Makes Special Distribution to Investors

Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and a developer and manager of multifamily communities, announced today the completion of initial lease-up and stabilization of “GEM,” a 71-unit, luxury multifamily development owned by CSRA Opportunity Zone Fund III, LLC located in Richmond, Virginia’s Scott’s Addition qualified opportunity zone...

September 20, 2023

Urban Catalyst Floats Housing Instead Of Offices At Icon/Echo

Urban Catalyst is now considering adjusting plans for Icon/Echo by replacing the office component with more housing in Downtown San Jose, Santa Clara County. The plan was floated by the developer founder, Erik Hayden, and reported by George Avalos for the Bay Area News Group. If altered, Icon/Echo could create over a thousand units from the two-acre parcel.

September 6, 2023

Blackstone Sells Control of 11-Property Apartment Portfolio

Blackstone Group has sold a majority stake in an 11-property multifamily portfolio in New York as the world’s largest commercial real estate owner focuses more on residential rental investments across growing Sun Belt markets and other property types such as data centers.

August 30, 2023

Capital Square Closes on Construction Loan for Seventh Opportunity Zone Fund Development

Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced today that the firm has secured financing from United Bank to fund construction of a 352-unit, Class A multifamily development in the Scott’s Addition qualified opportunity zone in Richmond, Virginia...

August 30, 2023

Capital Square Fully Subscribes DST Offering of Multifamily Community Near Huntsville, Alabama

Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced today that its offering, CS1031 FarmHaus Apartments, DST, has been fully subscribed...

August 30, 2023

Arixa Capital Announces Strategic Joint Venture With Oaktree

Arixa Capital Advisors, LLC ("Arixa Capital" or "Arixa") today announced the launch of a $100M strategic joint venture, with the ability to upsize in the future, with funds managed by Oaktree Capital Management, L.P. ("Oaktree") to originate senior secured loans backed by residential and commercial real estate....

August 23, 2023

Wood Partners and GTIS Partners Opens 308-Unit Alta West Morehead Apartment Community in Uptown Charlotte Neighborhood

Leading national multifamily real estate developer Wood Partners announced the grand opening of its newest luxury residential community, Alta West Morehead, located in Uptown Charlotte, North Carolina. Alta West Morehead is the culmination of a joint venture announced in September 2021 between Wood Partners and GTIS Partners, a global real estate investment firm managing $4.3 billion…

August 17, 2023

Atlantic Pacific Companies and GTIS Partners Announce Joint Venture for New Development in Miami

Atlantic Pacific Companies ("A|P"), a fourth-generation real estate company headquartered in Miami and focused on multi-family development and property management, and GTIS Partners ("GTIS"), a global real estate investment firm managing $4.3 billion in gross assets with a U.S. focus on residential and industrial/logistics investments, announced today a joint venture to invest in the ongoing development of Atlantic Station...

August 16, 2023

Sweden’s SBB Weighs IPO of $3.4 Billion Residential Unit

SBB, the embattled developer at the center of Sweden’s property crisis, is considering carving out its entire residential business with a portfolio of 36.5 billion kronor ($3.4 billion) for an initial public offering, according to a person familiar with the matter...