Blog Archives

FishHawk Ranch Homes Topped Sales among Tampa Bay Communities

FishHawk Ranch homes were the most popular among 32 Tampa Bay masterplanned community homes, based on My Florida Regional Multiple Listing Service‘s raw data on home sales from the 10-month period January 1 to October 31, 2016. Other top-selling communities were Meadow Pointe, Westchase, Carrollwood, Seven Oaks and Rivercrest. RANK COMMUNITY NUMBER of Single-Family TOWNHOUSES VILLAS […]

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American Campus Communities Sells 19-Property Portfolio for $508 Million

Continuing to divest non-core assets, American Campus Communities, Inc. (NYSE: ACC) this week sold a portfolio of 19 student housing properties in nine states totaling 12,083 beds to Los Angeles-based Saban Real Estate for $ 508 million. The portfolio includes student housing properties in Michigan, Louisiana, Indiana, Missouri, Alabama, North Carolina, South Carolina, Florida and […]

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Crescent Communities Buys 5.2 Acres for Proposed Residential Development

Crescent Communities LLC acquired 5.24 acres of vacant land located at 109 W. Fortune St. in Tampa, FL from Denholtz Associates for $ 8.1 million, or approximately $ 1.55 million per acre. The land will be used to develop a proposed five-story, 394-unit multifamily complex which be called Crescent Communities. Construction is expected to be […]

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Mid-America Apartment Communities Buying Post Properties to Create Largest Public Multifamily REIT

Memphis-based Mid-America Apartment Communities Inc. (NYSE: MAA) announced it is buying Atlanta-based Post Properties Inc. (NYSE: PPS) to form the largest publicly traded multifamily apartment real estate investment trust by units. The combination, which values Post at just under $ 4 billion, will result in a Sunbelt-focused, publicly traded, multifamily REIT with a total market […]

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InvenTrust Sells University House Communities Portfolio for $1.4 Billion

InvenTrust Properties Corp. has closed on its previously-announced stock sale of University House Communities Group, Inc., the Maryland-based investment company’s wholly-owned student housing ownership and management subsidiary, trading a portfolio of 13,205 beds, including 11,039 beds in 18 stabilized student housing communities and 11,039 beds in four more communities currently in development spread across 14 […]

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