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Embrey Partners Secures Construction Financing for 304-Unit Multifamily Community in Northwest Austin, Texas Market AUSTIN, TX - Financing from Vantage Bank has been secured for construction of 304 multifamily residential units in North Austin that will provide easy access to downtown and nearby retail and job centers, including the newly announced $1 billion Apple...
Permanent Supportive Housing Community in Los Angeles’ Rampart Village Neighborhood Gains Planning Commission Approval LOS ANGELES, CA - In a unanimous decision, The Los Angeles City Planning Commission voted to recommend approval of the entitlements package for Enlightenment Plaza, a proposed 454-unit Permanent Supportive Housing development in Rampart Village developed by...
Upside Avenue Adds 1,807-Units to Portfolio with Investments in Dallas-Fort Worth and Houston Multifamily Communities AUSTIN, TX - Upside Avenue, an award-winning Real Estate Investment Trust (REIT), recently added six new multifamily properties to its public non-traded REIT portfolio in the last two months. Five new multifamily properties, totaling 1,070 units, were added...
Watercrest Senior Living Group and Partners Announce the Groundbreaking of Watercrest Macon Assisted Living and Memory Care MACON, GA - Watercrest Senior Living Group and equity partners, Peninsula Alternative Real Estate, and Corecam Capital Partners announced the groundbreaking of Watercrest Macon Assisted Living and Memory Care in Macon, Georgia. The 98-unit, upscale senior...
Mill Creek Announces Groundbreaking of 292-Unit Mixed-Use Community in Orlando's Emerging Creative Village District ORLANDO, FL - Mill Creek Residential, a leading multifamily developer and operator specializing in premier apartment communities across the U.S., announced the groundbreaking of Modera Creative Village, a contemporary mixed-use apartment community in the...
Lexerd Capital and LMS Harbison Announce Acquisition of 124-Unit Multifamily Community in Columbia, South Carolina COLUMBIA, SC - Lexerd Capital Management, a New Jersey-based real estate firm, in a joint venture partnership with LMS Harbison announced the acquisition of The Lakes at Harbison, a multifamily property located in Columbia, South Carolina. The property,...
Multifamily Construction Starts Feel COVID-19 Effect with Sharp Drop in April According to Latest Dodge Data Report HAMILTON, NJ - Total construction starts declined 25% from March to April to a seasonally adjusted annual rate of $572.2 billion as COVID-19 and economic recession hit the construction sector. In April, nonresidential building starts fell 37% from March,...
KBS Develops and Sells 453-Unit Resort-Style Luxury Apartment Community in Heart of Growing Salt Lake City Market SALT LAKE CITY, UT - KBS, one of the largest investors in premier commercial real estate in the nation, announced that it has sold Hardware Apartments, a 463,956 square-foot, Class A luxury resort-style apartment community in the Salt Lake City real estate...

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