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Channing Hamilton

Sam Zell
IllinoisMidwestNewsPeople News

Sam Zell, Equity Residential Founder, Champion of REIT Model, Dies at 81

by Channing Hamilton

CHICAGO — Tributes highlighting the life and legacy of billionaire real estate investor Sam Zell, the charismatic founder and chairman of Chicago-based Equity Residential (NYSE: EQR) who died May 18 at the age of 81, have continued to pour in following his passing.  “Sam Zell was one of the most influential individuals, not just in commercial real estate, but in American business writ large. He was a great friend and an advocate on behalf of the multifamily industry,” said former National Multifamily Housing Council Chair David Schwartz in a statement from …

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FloridaNewsPeople NewsSoutheast

Greystone Housing Impact Investors Hires Jason Kaye as Managing Director

by Channing Hamilton

FORT LAUDERDALE, FLA. — Greystone Housing Impact, an affiliate of Greystone and general partner of Greystone Housing Impact Investors (NYSE: GHI), has selected Jason Kaye as a managing director. In this role, Kaye will focus on originating and structuring tax-exempt loan and bond financing transactions for affordable multifamily and Low-Income Housing Tax Credit properties. Kaye will be based out of Fort Lauderdale and will report to Kenneth Rogozinski, CEO of Greystone Housing Impact Investors. Prior to joining Greystone Housing Impact, Kaye served as a senior vice president at Regions Bank …

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IllinoisInvestment SalesMidwestNews

KCB Real Estate Purchases Property at 914 W. Hubbard St. Near Chicago’s Fulton Market District 

by Channing Hamilton

CHICAGO — KCB Real Estate has acquired a 26-unit community in Chicago for an undisclosed price. Built at 914 W. Hubbard St. in 2006, the asset offers a mix of one- to five-bedroom floorplans. Units feature washers and dryers, dishwashers, walk in closets, and patios or balconies. The property is located two blocks from Chicago’s Fulton Market District and approximately two minutes from Google’s Chicago headquarters. The Pasadena, California-based KCB Real Estate plans to renovate the building façades and units, beginning with improvements to the sidewalls and the lobby.

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Sierra Sun Apartments in Puyallup, Washington.
Investment SalesNewsWashingtonWestern

Equus Capital Partners Acquires 150-Unit Sierra Sun Apartments Near Seattle

by Channing Hamilton

PUYALLUP, WASH. — Equus Capital Partners (Equus) has acquired Sierra Sun Apartments, a 150-unit property in the Seattle suburb of Puyallup. Built in 2006, Sierra Sun comprises 20 apartment buildings and an 8,500 square-foot clubhouse and amenity center. The community offers one-, two- and three-bedroom townhome-style units. Each unit includes an attached two car garage. Equus will conduct $2 million in renovations to the asset, including interior and exterior updates, as well as enhancements to the clubhouse and amenity center. Madison Apartment Group, a subsidiary of Equus, will oversee the …

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CaliforniaNewsPeople NewsWestern

CBRE Hires Multifamily Investment Sales Team to Woodland Hills Office in Los Angeles

by Channing Hamilton

LOS ANGELES — CBRE has selected John Boyett as first vice president and Adam Feldman as a senior associate in the firm’s Woodland Hills office in Los Angeles. Boyett and Feldman will focus on multifamily investment sales in the Los Angeles metropolitan area. Boyett previously served as associate vice president at Matthews Real Estate Investment Services (Matthews). Prior to joining Matthews, he played several seasons with the Indianapolis Colts and Denver Broncos in the National Football League as well as the Ottawa Redblacks in the Canada Football League. Boyett graduated from the University …

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Kingstone Columns in Marietta, Georgia.
FinanceGeorgiaNewsSoutheast

Walton Communities Secures $45 Million HUD-Insured Loan to Refinance Kinstone Columns Drive in Marietta, Georgia

by Channing Hamilton

MARIETTA, GA. — Walton Communities has secured $45 million HUD-insured loan for the refinancing of Kinstone Columns Drive, a 384-unit community in Marietta, a northern suburb of Atlanta. Brandon Baksh and Karnveer Bal of Dwight Capital originated the loan, which features a 25-basis-point Green Mortgage Insurance Premium. Kinstone Columns Drive comprises 29 three-story buildings, three townhomes, two pool bathhouses, and a leasing office and clubhouse across 30.5 acres. Amenities include a fitness center, business center, playground, tennis court, walking trail, picnic area, sports courts and two pools.

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An aerial shot of Avenida Watermarq in Germantown, Tennessee.
FinanceNewsSoutheastTennessee

Joint Venture Secures $24.1 Million to Refinance Avenida Watermarq Near Memphis, Tennessee

by Channing Hamilton

GERMANTOWN, TENN. — A joint venture between Passco Companies and Avenida Partners has secured $24.1 million to refinance Avenida Watermarq, a lakefront 161-unit building in Germantown, which is an eastern suburb of Memphis, Tennessee. Knighthead Funding provided the loan. Avenida Watermarq offers one- and two-bedroom floor plans across four stories. The community includes amenities such as a fitness center, library, courtyard, swimming pool, grill area, game room, pet park, theater, art studio and detached garages.

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Company NewsNewsPeople NewsTexas

CBRE Selects Croft Young as Chief Investment Officer

by Channing Hamilton

DALLAS — Croft Young, a senior investment banker, will join Dallas-based CBRE in July as the company’s Chief Investment Officer. Young will join CBRE’s global executive committee and will report directly to Bob Sulentic, CBRE’s president and CEO. Previously, Young served as managing director of Morgan Stanley’s real estate investment banking group. He received a BA from the University of North Carolina at Chapel Hill and an MBA from UNC’s Kenan-Flagler Business School. Prior to joining the workforce, Young served in the United States Marine Corps for 13 years. He …

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St. Paul Collection in Denver, Colorado.
ColoradoCompany NewsNewsOperationsWestern

Asset Living to Manage St. Paul Collection in Denver

by Channing Hamilton

DENVER — Asset Living has been awarded management of St. Paul Collection, a 165-unit building in Denver’s Cherry Creek North neighborhood, three miles southeast of downtown Denver. St. Paul Collection offers one-, two- and three-bedroom floor plans. Community amenities include a pool with hot tubs and day beds, a lounge, fitness center, sun terrace, bike storage and a coffee bar. Asset Living took over management for the community in March 2023.

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A photo of The Michael B Townhomes and Flats in Las Vegas.
Investment SalesNevadaNewsWestern

Davlyn Investments Acquires Spectrum in Las Vegas for $67 Million

by Channing Hamilton

LAS VEGAS — San Diego-based owner-operator Davlyn Investments has closed on the $67 million purchase of Spectrum, a 252-unit community in Las Vegas’ The Curve neighborhood. Taylor Sims and Brady Cleary of Cushman & Wakefield represented the seller. Mitch Clarfield and Meghan Varga of Newmark arranged the debt. Spectrum was built in 2010 and offers one- and two-bedroom floor plans. Davlyn Investments has since rebranded the property as The Michael B Townhomes and Flats. 

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