Apartment City

The property, which is being renamed City Crest , consists of 200 Class B units. SAN ANTONIO — The RADCO Cos. has acquired Mesa Ridge apartments in San Antonio. The property, which is being renamed City Crest , consists of 200 Class B units. RADCO Residential will manage the property, and the Atlanta- based multifamily investors plans to spend up to $2.9 million on capital improvements to the community. RADCO financed the acquisition using private capital through Prudential Financial. City Crest was built in 1984 and is located in the medical center submarket of northwest San Antonio . The property consists of two- and three-story buildings across 7.9 acres. The average unit size is 736 square feet, and the property offers a combination of one- and two-bedroom units. Tagged more_sales_and_leases

SUMMIT, NJ - Lexerd Capital Management LLC , a New Jersey- based private equity fund , today announced that it has acquired Foxfire Apartments , a 354- unit garden style community located in Durham, North Carolina. Foxfire will by managed by First Communities Management .Terms of the transaction were not disclosed. This is the first acquisition by Lexerd in its new Lexerd Capital Partners High Yield Fund II . Located in the desirable city of Durham, just four miles from Duke University, the purchase consists of 44 two- story apartment buildings , 2 one-story clubhouses containing one leasing office and one fitness center, 2 one- story laundry facilities , 2 one- story maintenance shops , 2 one- story storage sheds . Foxfire is located in what has been known since the 1990s as “The Triangle” – the Raleigh, Durham and Chapel Hill areas of North Carolina. The Triangle area has consistently ranked as one of the country’s fast growing MSA ’s ( Metropolitan Statistical...

RENO, Nev. (AP) — It's a journey that most people eventually take. Fifteen years ago , Anne Carte decided to leave the familiar comforts of home and family to move out on her own. For Carte, who was 20 years old at the time, moving to the Biggest Little City from San Jose, California, represented an exciting and crucial juncture in her life. "I moved to Reno to grow up and be an adult," Carte said. The year 2002 had its fair share of memorable moments. That same year, "Star Wars: Episode II" debuted in theaters, Tiger Woods won the 66th Masters Tournament and "American Idol" premiered on television. One thing Carte specifically remembers was the cost of rent. Back then, the monthly rate for Carte's first studio in Sparks was only $495. For a young person who just moved out of home and landed an entry-level job at Target, an affordable place to stay was not a luxury. It was a b...

Damonte Ranch area is a sign of the city's need for housing in Reno, Nev. The recent influx of new workers combined with near-zero residential development during the recession gave birth to a classic supply-and-demand scenario that saw the cost of housing skyrocket in the Biggest Little City." title="In this March 24, 2017 photo shows a new apartment complex in the Damonte Ranch area is a sign of the city's need for housing in Reno, Nev. The recent influx of new workers combined with near-zero residential development during the recession gave birth to a classic supply-and-demand scenario that saw the cost of housing skyrocket in the Biggest Little City." src="src" /> In this March 24, 2017 photo shows a new apartment complex in the Damonte Ranch area is a sign of the city's need for housing in Reno, Nev. The recent influx of new workers combined with near-zero residential development during the recession gave birth to a classic supply-a...