Vista Realty Partners and Fairfield Residential have completed a more than $70 million portfolio deal that preserves hundreds of metro Atlanta affordable apartment units. Fairfield Residential Co. bought two properties, Longwood Vista near Doraville and Lakeside Vista in Kennesaw, for just under $71 million, or about 114,000 per unit. Both...
Moran & Company Adds New Directors in California and Chicago Chicago, IL – Moran & Company has increased its brokerage capacity in the Western and Midwestern United States with the hiring of new Directors in southern California and Chicago. Rachel Parsons joined Moran’s Irvine office on January 3rd. Prior to joining Moran, she...
Romel Enterprises has bought 888 San Mateo, a 160-unit apartment community in San Mateo, for an undisclosed amount. Moran & Co. partner Brett Betzler, who represented the seller, said the property was one of the most sought-after multifamily assets on the Peninsula. “Assets of this size and vintage are typically held by long term owners,...
Atlanta Market Overview – July 2018
Concord, CA – Klingbeil Capital Management has sold The Summit at Lime Ridge —a 120-unit apartment community at 1070 San Miguel Rd, Concord, CA to New Standard Equities. Brett Betzler, a partner in the Moran & Co. San Francisco, and Kaohu Berg-Hee, a senior associate at Moran & Co. San Francisco, represented the seller in...
Houston Multifamily Trends & Observations – 1st Quarter 2018
DFW Multifamily Trends & Observations – 1st Quarter 2018
Alameda, CA – Moran & Company’s San Francisco office has sourced capital for Alameda Point, a transformative $500 million redevelopment on the long-decommissioned Alameda Naval Air Station. Alameda Point is being developed by Alameda Point Partners, a joint venture between Trammell Crow Residential, srmERNST Development Partners, Madison...
Houston Multifamily Trends & Observations – 3rd Quarter 2017
Englewood, CO – Jackson Square Properties, a San Francisco Bay area based investment firm, has acquired The Rail at Inverness, a 219-unit garden-style community from a joint venture comprised of Holland Partner Group and an affiliate of Heitman LLC. David Martin, Pamela Koster, and Mike Grippi of Moran & Company, represented the seller in the...
Having recently transitioned to brokerage after spending eight years on the principal side for Invesco Real Estate, where he closed $600 million in acquisitions, Derrek Ostrzyzek has made an immediate impact. As a director covering Southern California, he’s part of a team that within the past 18 months has completed 30 transactions...
Koreatown has found its way back onto the institutional radar, and this time, it is may be there for good. Four years ago, TruAmerica Multifamily purchased the Vermont in Koreatown for an astounding $283 million, putting the Downtown Los Angeles-adjacent market on the map. Then, with little institutional quality product available in the...