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Admiral Capital Group and ESG Kullen Complete Successful Sale of 688-Unit Trellis at the Lakes for $114 Million in St. Petersburg, Florida

November 25, 2020

PETERSBURG, FL - Admiral Capital Group and ESG Kullen announced the sale of Trellis at the Lakes, a 688-unit multifamily property in St. Petersburg, Florida, in the Tampa MSA. Admiral and ESG acquired the apartment community for $80.9 million in September 2016 through a joint venture. The investment provided an opportunity to purchase a well-located asset at a discount to replacement cost and provide a value housing alternative to the growing workforce in one of the top growth markets in the U.S. The asset was sold for $114 million, representing an increase of over 40% in value. During its...

Sherman Residential Acquires 395-Unit Avenues at Creekside Apartment Community Located in Growing Submarket of New Braunfels, Texas

Walker & Dunlop Provides $20.4 Million in Financing for 170-Unit Fox Ridge Apartment Community in Suburban Pennsylvania

Alliance Residential Opens 336-Unit Prose West Cypress Apartment Community Near Houston's Growing Energy Corridor in Katy, Texas

Walker & Dunlop Facilitates Sale of Value-Add Multifamily Portfolio in The Hollywood Submarket of Los Angeles, California

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Sherman Residential Acquires 395-Unit Avenues at Creekside Apartment Community Located in Growing Submarket of New Braunfels, Texas

Walker & Dunlop Provides $20.4 Million in Financing for 170-Unit Fox Ridge Apartment Community in Suburban Pennsylvania

Alliance Residential Opens 336-Unit Prose West Cypress Apartment Community Near Houston's Growing Energy Corridor in Katy, Texas

Walker & Dunlop Facilitates Sale of Value-Add Multifamily Portfolio in The Hollywood Submarket of Los Angeles, California

McCann Realty Partners and LEM Capital Acquires 266-Unit Courthouse Green Townhome Community in Chesterfield, Virginia

PIA Residential and BH Equities Acquires 284-Unit St. John’s Pointe Apartment Community in Jacksonville Submarket for $33.4 Million

Drucker + Falk Awarded Management of Newly Constructed 286-Unit Pier 33 Luxury Apartment Community in Wilmington, North Carolina

Multifamily Construction Starts Rebound with Sixty-Two Percent Jump in October According to Recent Dodge Data Report

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Sherman Residential Acquires 395-Unit Avenues at Creekside Apartment Community Located in Growing Submarket of New Braunfels, Texas

November 24, 2020

NEW BRAUNFELS, TX - Sherman Residential is proud to announce its acquisition of Avenues at Creekside Apartments, a 2013-constructed Class A multifamily community located in New Braunfels, Texas. Avenues at Creekside is in the rapidly growing submarket between San Antonio and Austin. Major corporations, such as PNC Bank and Continental Automotive, are expanding to New Braunfels and planning to add over 1,000 jobs. With additional access to both downtown San Antonio and Austin’s top employers as well as inclusion in Texas Education Agency’s top-ranked Comal Independent School...

Weller Management and Weller Workforce Leverage the Talents of Both Organizations with Multiple Strategic Year-End Promotions

BOCA RATON, FL – Weller Management and Weller Workforce, both subsidiaries of Weller Residential, are leveraging the talents of both organizations under their new President, John Vranich. “Weller has always been and will continue to be an industry leader with best-in-class employees...

Mayor Lightfoot Honors Ogden Commons in Celebrating Chicago’s Invest South West Anniversary as Development Nears Completion

CHICAGO, IL - The Habitat Company was honored to host Chicago Mayor Lori Lightfoot and city officials on Oct. 26 at Ogden Commons to mark the one-year anniversary of the mayor’s Invest South/West initiative. Ogden Commons, a new 10-acre, $200 million mixed-use project in Chicago’s North...

Stoneweg Enters The St. Petersburg-Tampa Bay Market with $114 Million Acquisition of Trellis at The Lakes Apartment Community

Legacy Capital Partners and Morrison Avenue Capital Partners Acquire 208-Unit Inverness Apartment Community in Tuscaloosa, Alabama

CORE Real Estate Capital Acquires 374-Unit Icon Avondale Multifamily Community in Atlanta Submarket of Decatur, Georgia

The NHP Foundation Preserves 217-Units of Essential Affordable Housing with Acquisition of Blue Mountain Apartments in Boston

Freshwater Investments and Griffis/Blessing Acquire Savoy Luxury Apartment Community for $48 Million in Overland Park, Kansas

Walker & Dunlop Provides $80 Million in Financing for Newly Renovated 1,155-Unit Multifamily Community Near Chicago, Illinois

CIM Group Announces Completion of 288-Unit Eleven Fifty Clay Street Apartment Community in Downtown Oakland, California

Cantor Fitzgerald and CAF Management Acquire 444-Unit The Station at MacArthur Apartment Community in Irving, Texas

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Admiral Capital Group and ESG Kullen Complete Successful Sale of 688-Unit Trellis at the Lakes for $114 Million in St. Petersburg, Florida

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Sherman Residential Acquires 395-Unit Avenues at Creekside Apartment Community Located in Growing Submarket of New Braunfels, Texas

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Admiral Capital Group and ESG Kullen Complete Successful Sale of 688-Unit Trellis at the Lakes for $114 Million in St. Petersburg, Florida

Latest News

MULTIFAMILYBIZ.COM + POWERHOUR

Webcast

listen now

Trending

Sherman Residential Acquires 395-Unit Avenues at Creekside Apartment Community Located in Growing Submarket of New Braunfels, Texas

The Biz Blog

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