Blog Archives

American Residential Acquires 30-Unit Park West Apartments in Tampa

American Residential Investment Management, a multifamily investor based in Wake Forest, NC, acquired the 30-unit Park West Apartments from Hyde Park Apartments for $ 5.1 million, or about $ 170,000 per unit. Built in 1974, the 21,491-square-foot apartment complex is located at 3215 W. Swann Ave. The Park West Apartments offers a mix of one- […]

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Altisource Residential Acquires 1,957 Rental Homes from Amherst Holdings

Altisource Residential Corp. (NYSE:RESI) acquired 1,957 single family rental properties from Amherst Holdings for $ 305.1 million or about $ 155,900/home. The transaction was the third and final closing under a previously announced purchase agreement under which Altisource acquired 3,465 rental homes in all this year from Amherst for a total sale price of $ […]

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Beachwold Residential Secures $54.3M Refi

Beachwold Residential secured $ 54.25 million in financing to improve its Fountain Lake Apartments at 5620 Fountain Lake Cir. in Bradenton, FL and its Sienna Bay Apartments at 10501 3rd St. N in Saint Petersburg, FL. Mona Carlton, Elliott Throne and Matthew Sand of HFF arranged the financing on behalf of the borrower, placing the […]

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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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