Apartment City

Lake Village Apartments is one of two Ann Arbor complexes bought this month in a record- setting deal involving The Habitat Co. Chris Asadian | AnnArbor.com Two of Ann Arbor ’s largest commercial properties were bought for a combined $85.7 million this month by an entity of the Chicago-based company that had been managing them. The Habitat Co. LLC acquired Windemere Apartments and Lake Village of Ann Arbor from Northwestern Mutual Life Insurance Company . The deals set records in the Ann Arbor market for the price paid per unit, signaling local impact of the national multifamily market experiencing a rebound. Sources said the Windemere deal is a record $92,083 for the 1980s-era property on the city’s north side near Nixon Road. And the Lake Village deal , at $115,277 per unit in the complex on South Main Street , is the highest in the market, based on information available to Habitat, said Matt Fiascone , senior vice president of finance and investment. “We think it’s the high...

La Mirage: hilltop site a few blocks from Qualcomm Stadium The Irvine Co. has bought an upscale apartment complex in Mission Valley — the company’s largest single-property acquisition of the year. The Newport Beach- based real estate investor and developer recently closed on the purchase of La Mirage, a 1,410- unit apartment complex just off Interstate 15. The 74- acre hilltop site is a few blocks from Qualcomm Stadium. La Mirage was bought from Chicago- based apartment owner Equity Residential . A sale price for the transaction, which was completed late last month, was not disclosed. The tab would come to about $ 350 million based on a per- apartment price of about $250,000 — the going rate for high- end rental properties in the region. That estimate would put the deal among the most expensive seen in San Diego this year. The county’s priciest real estate sale of any type this year is reported to be La Costa Resort and Spa in Carlsbad. Dallas-based Omni Hote...

Foxfire at Valley Lakes Apartments in Lafayette Indiana. Foxfire at Valley Lakes Apartments in Lafayette, Indiana provides the best in apartment living , combined with all the modern conveniences you desire.  Pantzer Properties – Foxfire Apartments , Laurel You know how you like to live. In a luxurious, quality setting, with all of the amenities you need to make your life better than ever. Foxfire Apartments can offer ...  Foxfire Apartments Apartments in Laurel, MD | Apartments.com It?s a wonderful life at Foxfire Apartments ! Unexpected luxury awaits you inside each finely appointed apartment home with quality interiors not usually available in ...  Foxfire Apartments in San Antonio | Foxfire Apartments (210) … Nov 01, 2012 · (210) 340-2617 · Hours: Monday 09:00 AM - 6:00 PM, Tuesday 09:00 AM - 6:00 PM, Wednesday 09:00 AM - 6:00 PM, more... Categories: Rental Agencies  Foxfire Apartments Ratings, Reviews, Map, Rents, and other … Ratings & reviews of Foxfire Apar...

GREENWICH, Conn.--( BUSINESS WIRE )-- Wheelock Street Capital announced today that a joint venture between affiliates of Wheelock Street and Iconic Development recently acquired Terrace View Apartments , a student housing complex in Blacksburg, Virginia. Blacksburg is the home of Virginia Polytechnic Institute and State University (“ Virginia Tech ”), and Terrace View Apartments serves as a prime source of housing for Virginia Tech’s undergraduate and graduate student populations. On May 25 th , the joint venture acquired Terrace View Apartments from affiliates of The Stonemark Group , an Atlanta, Georgia based multifamily management and investment firm . The terms of the transaction were not disclosed. Stonemark will continue to manage the property. Reznick Capital Markets was engaged by Iconic Development to raise joint venture equity for the acquisition and directed the deal to Wheelock Street . John Lustgarten, managing director at Reznick, commented, “We thought Wheeloc...

Aventura firm buys Naples rentals for $67M Advenir Inc. paid about $191,000 per unit for the 350-unit property July 23, 2017 01:00PM Aventine at Naples Aventura-based Advenir Inc. bought a 350- unit apartment property in Naples for $67 million or about $191,000 per unit. The seller, Baltimore- based Continental Realty Corporation , acquired the property, called Aventine at Naples, in 2013 for $44.3 million. The Class A apartment property at 9300 Marino Circle in South Naples is located off Collier Boulevard near Marco Island. A team at brokerage firm ARA Newmark , led by Executive Managing Director Hampton Beebe , represented Continental Realty in its sale of Aventine at Naples. During its four-year ownership of Aventine at Naples, Continental Realty completed a comprehensive upgrade of unit interiors. The Baltimore-based company also installed an outdoor kitchen and grilling area, created a fitness studio, renovated the property’s clubhouse and added a 24-hour, fully automated pac...

Marcus & Millichap negotiated the sale of the 300- unit La Mirage Apartments in Ridgecrest, Calif. The value of the transaction was $11.5 million. La Mirage Apartments is located at 401 Oasis Drive. The complex, constructed in 1950, totals 278, 545 rentable square feet . The unit mix includes 124 two-bedroom units, 145 three-bedroom units, 30 four-bedroom units, and one five-bedroom unit, which range in size from 850 square feet to 1,250 square feet. A locally based private investor sold the property to a Hollywood, Calif.- based investment partnership in a 1031-exchange. Occupancy was 95 percent at the time of sale. Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage . *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom. Please include the headline of the story....