Foulger-Pratt has been building apartments and commercial projects for more than half a century, and now the Maryland-based developer is expanding into a new business line: build-to-rent. Courtesy of Foulger-Pratt An aerial rendering of Foulger-Pratt’s build-to-rent community in Brandywine, Maryland. The…
A wave of maturing debt has been a boon to business for Atlanta-based Peachtree Group. Town Center at Cobb Mall in Kennesaw, Georgia Peachtree Group, through its Peachtree Group Credit division, has deployed $556M in loans and another $526M to…
A development group, Gateway Jax, has been assembling downtown parcels to ensure it has the critical mass to get going on a project that looks to add a thousand apartment units and an abundance of retail space. The Jacksonville Business…
Greatwater Opportunity Capital is bringing a new $14 million multifamily project to Detroit’s Midtown neighborhood. Located at 3740 Second Avenue, the 39,355-square-foot four-story building will feature 33 studios and 24 one-bedroom apartments. Greatwater leveraged Opportunity Zone funds and financing from…
NAI Hallmark has announced the sale of The Park at River City for $7.5 million. The 104-unit multifamily property is located at 10621 Monaco Drive, Jacksonville, FL. Senior Vice President John Rutherford and Vice President Luke McCann brokered the transaction…
Trilogy Investment Company and Pinnacle Partners are delivering their second joint Opportunity Zone build-to-rent community project. The North Davidson (NoDa) project brings the organizations’ best-in-class development capabilities in a strong location to expedite construction of market-driven housing solutions. Targeting Opportunity…
Cityview, a locally based multifamily investment management and development firm, has completed Jasper, a 296-unit Opportunity Zone project adjacent to the University of Southern California in Los Angeles’ rapidly growing University Park East neighborhood. Located at 2528 S. Grand Ave., the…
It’s little wonder many in Chicago CRE have adopted what Origin Investments CEO Michael Episcope called “a survive until ’25” mentality. Amid cratering transaction volumes, double-digit drops in property values, a burdensome bureaucracy and tax assessments that are rising at one of the most…
Houston is the only Texas metro with growing multifamily rents at the moment. But seeing its apartment market as in the clear would require rose-colored glasses. Houston’s multifamily rental rate has grown 1.2% in the last year, according to a July report from MRI ApartmentData,…
The Sun Belt has quickly become one of the country’s hottest regions for commercial real estate, and in North Carolina’s largest city, Charlotte, business is thriving. Due to the city’s rapidly growing job market and steep increase in population, Charlotte CRE…
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