ALN Apartment Data’s Post

San Francisco-based BRIDGE Housing Corporation has acquired two multifamily communities in California and Oregon, accelerating its dual-track strategy to use acquisitions to both create and preserve housing for low-income households. The acquisitions of Avalon Berkeley (renamed Viewpoint) in Berkeley and Berry Ridge in the Portland suburb of Gresham, OR will add 319 affordable units to the BRIDGE Housing portfolio. Ken Lombard #cre #multifamily

Avanti Residential, a nationwide multifamily investor and operator, has announced the acquisition of The Avery, a recently opened 200-unit community in Orlando. Denver-based Avanti announced the new acquisition in conjunction with fellow Colorado firm, Centennial State Capital.  https://lnkd.in/eKH_Gj-X #trending #florida #georgia #ciiadvisors #Acquisition #MandA

Avanti Residential, a nationwide multifamily investor and operator, has announced the acquisition of The Avery, a recently opened 200-unit community in Orlando. Denver-based Avanti announced the new acquisition in conjunction with fellow Colorado firm, Centennial State Capital.  https://lnkd.in/eDefDKpM #trending #florida #georgia #ciiadvisors #Acquisition #MandA

Hudson Valley Property Group, in a joint venture with Wheelock Street Capital, has acquired a 22-property affordable housing portfolio comprising 4,768 units in the western U.S.: https://lnkd.in/g_EyrRzQ

We are excited to share the successful closing of Allora Georgetown, now rebranded as The Magnolia at Georgetown. Magnolia is a premier, 432-unit multifamily community located in Georgetown, Texas, within the dynamic Ausin MSA, and the first asset of our recently closed Alta Fund I. The Magnolia at Georgetown is a newly built, Class A property (2023), offering residents a blend of luxury, comfort, and convenience. With the high-end amenities, including a resort-style pool, high tech fitness equipment, and beautiful living spaces, we believe this acquisition will serve as a cornerstone investment, setting the foundation for future growth and performance within our portfolio. The acquisition exemplifies our commitment to securing high-quality, well-located assets with strong upside potential. We are confident that this property will deliver consistent value for our investors, while contributing to the overall success of Alta Fund I. We would like to express our sincere gratitude to all our investors, our JV partner in Magnolia, the brokerage team, and friends for the continued support and trust in our team. Your confidence has enabled us to execute on our strategy to provide superior risk adjusted investor returns, and we are excited for even more opportunities ahead. Alta is actively buying, operating, and managing in Texas and the Mountain West. Please fee free to reach out if you have any questions or would like information regarding future opportunities. Alta Real Estate Jake Murray – Jake@altarepartners.com – 801-599-4356 Brennen Jones – Brennen@altarepartners.com – 801-494-7623 #MultifamilyInvesting #Multifamily #MultifamilyRealEstate #MultifamilyHousing #MultifamilyInvestments #Investing #RealEstate #RealEstateInvesting

MK2 Real Estate is pleased to have advised Clearbell Property Partners IV LP, managed by private equity real estate fund management and advisory business Clearbell Capital LLP, on the acquisition of Parkside Industrial Estate in Wolverhampton. The multi-let estate comprises 11 warehouse units, ranging from 4,937 sq ft to 14,100 sq ft, and totalling 98,277 sq ft. It is 94% occupied, with ten of the units let to four tenants. The acquisition aligns with Clearbell’s strategic focus on securing industrial assets below replacement cost as well as offering significant reversionary potential to enhance rental values. MK2's Mark Rooke and Max Sowter advised Clearbell. Mark said: "The industrial property market is buoyant in the West Midlands, particularly for good quality multi-let estates in Wolverhampton and the surrounding areas, due to its central location and rich history in manufacturing and engineering. As such, it is attracting both occupiers and investors. “Parkside Industrial Estate presented a strong case for investment, with potential rental growth and asset management opportunities, aligning with Clearbell's strategic aims." #PropertyInvestment #CommercialProperty #RealEstate

Equity Residential Expands Sun Belt Portfolio with $1 Billion Acquisition from Blackstone Equity Residential has taken a significant step forward in its Sun Belt expansion strategy, agreeing to purchase an 11-property apartment portfolio from Blackstone for nearly $1 billion. This acquisition, which includes 3,572 units across Atlanta, Dallas, and Denver, reflects Equity’s confidence in the long-term growth potential of these rapidly developing markets. Although current rent levels in these regions are weak, Equity’s leadership sees this as a strategic investment with a promising outlook for rental rate recovery by 2027. As the commercial real estate market shows signs of stabilization, this deal underscores the growing institutional demand for high-quality assets in the Sun Belt. Read full article here: https://lnkd.in/gTwsSnVa How do you see the future of multifamily investments in the Sun Belt evolving over the next few years? #costar #sunbelt #equity #blackstone

Every Deal has a story, this one is particularly long. This Market/Submarket also has a great story, it is particularly compelling. Message me if you want to talk it over. At its core, this buy fits our general strategy of seeking alpha in private market transactions, through Contraian vs. Consensus actions that aren't easy to execute. But as Seth Klarman of Baupost says, Contraian with a Calculator.

𝐅𝐫𝐨𝐦 $𝟑𝟔𝐌 𝐭𝐨 $𝟕𝟎𝐌: 𝐂𝐨𝐩𝐩𝐞𝐫 𝐑𝐢𝐝𝐠𝐞 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐑𝐞𝐧𝐭𝐨𝐧’𝐬 𝐆𝐫𝐨𝐰𝐭𝐡! Copper Ridge, a 325-unit apartment community in Renton’s city center, has been acquired for $70.7 million(~$218K/unit). The property was previously purchased in 2014 for $36.5 million, underscoring the growth and demand in this thriving market. 𝐖𝐡𝐲 𝐑𝐞𝐧𝐭𝐨𝐧? 🌟 Strong economic fundamentals & future growth potential 📍 Prime location near major employment hubs: Seattle, Bellevue, and South King County 🛍️ Premier retail destinations: Southcenter Mall & The Landing 🏈 Growing sports appeal: Seattle Seahawks HQ and Seattle Sounders FC facility This acquisition highlights Renton’s continued emergence as a key hub for housing and employment opportunities. https://lnkd.in/gg8-PRFv #pnwrealestate #pnwmultifamily #pacificnorthwestrealestate