Monday June 18, 2018
Pictured: Liv community in Seattle, one of six student housing communities acquired by Campus Advantage in a $200 million deal.Student housing newcomer Campus Advantage has beefed up its portfolio with a six-property deal worth about $200 million.
The Austin-based investment and property management company acquired a 714-unit portfolio, with 1,910 beds, near campuses in Washington, Georgia, Oregon, Illinois and Tennessee.
The deal balloons Campus... Read More
Thursday June 14, 2018
Pictured: Wesley Village in Charlotte, NC, one of 11 communities HFF sold in a 3,039-unit portfolio to eight different buyers over the course of one year for an aggregate price of $480.6 million.It should be the high-season for sales of large apartment portfolios.
Big investors, including well-heeled international players who see demographic trends working to extend the nine-year rally in the apartment sector, are clamoring for listings - the more... Read More
Wednesday June 13, 2018
The 855,211-square-foot Amazon Fulfillment Center at ProLogis Park 70 Etna in Pataskala, OH
Metro Birmingham could be on the verge of finally landing an Amazon fulfillment center and perhaps as many as 3,000 new jobs.
Bessemer, located just outside of Birmingham, just approved an incentive agreement with Amazon. Amazon is now just waiting on confirmation of incentives at the state level before breaking ground, which could happen as soon as July... Read More
Thursday June 07, 2018
The 60-unit Meadowbrook Apts. complex at 701 S. Juniper St. in Foley, AL
A New York-based private investor purchased a 60-unit multifamily complex in Foley, AL from Elements Capital Funding, an investment firm based in Miami. Meadowbrook Apts. sold for $4 million, or about $67,000 per unit.
Built in 1979 at 701 S. Juniper St., the garden-style complex comprises two- and three-bedroom units averaging 988 square feet in five, two-story buildings... Read More