The Los Angeles-based private equity real estate manager paid $54.7m in cash for the 415-unit apartment building in Denver – $20m less than RREEF paid in 2005.
1 min read · 21 January 2013
The Los Angeles-based real estate investment company has partnered with NDC and a California asset management firm to buy two multifamily properties in Austin and Houston through foreclosure and special servicing. The firm achieved discounts of up to 40%.
2 min read · 21 January 2013
The subsidiary of New York-based real estate investor Vantage Properties has bought a 776-unit garden apartment block in New Jersey. It is Vantage Mid-Atlantic’s first deal and first JV with Angelo Gordon.
1 min read · 21 January 2013
The US rental apartment sector is expected to ‘bounce’ along the bottom for another 18 months before rents start to grow and in some cases grow substantially. However some multifamily owners should consider selling now if their assets are not in prime shape and in great locations, Caldera Asset Management tells PERE.
2 min read · 21 January 2013
Real estate investment firms NDC Capital Partners and Post Investment Group have acquired a 365-unit apartment complex in Dallas. Post founder says now is time to ‘straddle’ bottom of residential market.
2 min read · 21 January 2013
Vacancy rates for rental apartments in the US increased 1.2% over the past year to 7.2% – levels not seen since 2004. Rising inventory levels are pushing rents down to levels not seen in the past decade.
2 min read · 21 January 2013
The London-based property investment manager has bought a 204-unit former Archstone housing complex through its $205m value-added multifamily fund, CASA IV. It is the fund's third acquisition of 2008 and ninth in total.
1 min read · 22 January 2013
The Irvine, California-based firm is expanding its human capital following the initial close of its Western National Realty Fund II earlier this year.
1 min read · 22 January 2013
The London-based property investment manager has purchased an apartment block in the Bay Area for its $205m value-added multifamily fund, CASA IV.
1 min read · 22 January 2013
The multifamily residential market in the US has seen considerable investment activity in the past few months and deals in the sector show no signs of slowing down.
2 min read · 22 January 2013
