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Industry News

Stay current with the latest news in the income property industry.


Arrimus Acquires Texas Student Housing Complex

May 4, 2017

Arrimus Capital continues to grow its investment portfolio in Texas. The development and investment firm recently bought Campus Vue, a Class A student housing complex in Houston, from Fountain Residential Properties. The sale price of the 465-bed community, which is 96% occupied, has not yet...

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SARES REGIS Fund Acquired 1,094 Apartment Units in Q4

May 3, 2017

SARES REGIS Multifamily Value-Add Fund II is going from strength to strength. After bolstering its portfolio with the acquisition of three multifamily communities totaling 812 apartment units during the third quarter of 2016, it acquired four rental complexes with a total of 1,094 units in...

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Upmarket Apartment Complex in Florida Sells for $68.2 Million

May 2, 2017

The 400-unit luxury multifamily complex known as Sherwood Forest Apartments in Coral Springs, Florida, recently found a new owner for $68.2 million. The community’s previous owner spent well over $3 million on capital improvements, repositioning the property and substantially increasing its...

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Dallas-Fort Worth Illustrates Changing Apartment Market Trends

May 1, 2017

Between 2010 and 2016, Dallas, Houston and New York City have approved more than 273,000 housing units each, with Los Angeles in fourth place at 160,000. Many of these were apartment units. That might not be unusual in New York City, but it says a lot about the housing trends in Dallas and...

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29th Street Capital Buys Las Vegas Apartment Complex

Apr 28, 2017

In breaking multifamily news from Las Vegas, 29th Street Capital, a privately-owned property investment and consulting firm, has bought the 218-unit Woodlake Villas Apartments in the city. The company intends to embark on a $1.9 million capital upgrade program to refurbish the interiors of...

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This blog is for informational purposes only, and is not an advertisement for a product or service. The accuracy and completeness is not guaranteed and does not constitute legal, financial, or tax advice. Please consult with your own legal, financial, and tax advisors.

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