Author

Channing Hamilton

The sundeck of Ranchero Palms, a community in San Jose, California.
CaliforniaInvestment SalesNewsWestern

CBRE Brokers $15.4 Million Sale of Ranchero Palms in San Jose, California

by Channing Hamilton

SAN JOSE, CALIF. — CBRE arranged the $15.4 million sale of Ranchero Palms, a 61-unit community in San Jose. Keith Manson, Zachary Greenwood and Mac Watson represented both the buyer and seller. Ranchero Palms one- and two-bedroom floor plans, and was recently renovated with a new entry way, new railings and stairways and updated main electrical service. According to Apartments.com, the property was built in 1969 and offers community amenities such as a pool, a sundeck, on-site laundry facilities and dry cleaning services.

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District 28 in Houston, Texas.
Company NewsNewsOperationsTexas

Asset Living Awarded Management for Two Communities in Houston Metropolitan Area 

by Channing Hamilton

HOUSTON AND RICHMOND, TEXAS — Asset Living has been awarded management of two properties in the Houston metropolitan area. District 28 is a 299-unit community in Houston’s Medical Center South neighborhood. The property offers one- and two-bedroom floor plan, as well as amenities such as a pool and fitness center. Haven at Bellaire is located in the southwest Houston suburb of Richmond. The community offers 297 one- and two-bedroom units. Amenities include a pool, outdoor kitchen and a fitness center with a yoga and spin studio. Asset Living took over …

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ColoradoNewsOperationsPeople NewsWestern

Aimco Appoints Sherry Rexroad to Board of Directors

by Channing Hamilton

DENVER — Apartment Investment and Management Co. (Aimco) has appointed Sherry Rexroad to its board of directors. Rexroad has been appointed to Aimco’s audit, compensation and human resources, investment, nominating and ESG Committees. Rexroad most recently served as Chief Financial Officer of STORE Capital, a publicly traded net-lease REIT. Prior to that, she worked at BlackRock Global Real Asset Securities as global head of business development, as well as co-global chief investment officer and chair of the investment committee.

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An aerial 3D rendering of the Highline in Colombia Falls, Montana
Investment SalesMontanaNewsWestern

Brickman Real Estate Acquires The Highline in Colombia Falls, Montana

by Channing Hamilton

COLOMBIA FALLS, MONT. — Brinkman Real Estate has acquired The Highline, a 180-unit property in Colombia Falls, for an undisclosed price. Colombia Falls is located within Montana’s Flathead County. Triad Real Estate Partners represented both Brinkman and the seller in the transaction. The Highline was built in 2020. Brinkman plans to renovate the community with new landscaping and signage, smart home packages and laundry to all units, and amenities such as a grilling area. According to the property website, community amenities currently include a playground, dog park and a clubhouse.

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Luxor Lifestyle Apartments Lansdale in Lansdale, Pennsylvania.
DevelopmentNewsNortheastPennsylvania

Westrum Development Co. Opens $28 Million Luxor Lifestyle Apartments Lansdale in Lansdale, Pennsylvania

by Channing Hamilton

LANSDALE, PENN. — Westrum Development Co. has opened Luxor Lifestyle Apartments Lansdale, a $28 million community in Lansdale, 28 miles northwest of Philadelphia. Luxor Lifestyle Apartments Lansdale offers 211 units in studio, one- and two-bedroom floor plans. Amenities include a pool, fitness center, yoga studio, dog park and courtyard. Meyer provided design and architecture services for the project, which broke ground in March 2021. Mulhern & Kulp provided structural engineering. Berks Ridge Company Enterprises was the construction manager.

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NewsNortheastPeople NewsWashington, D.C.

National Association of Home Builders Selects James Tobin as CEO

by Channing Hamilton

WASHINGTON, D.C. — The National Association of Home Builders (NAHB), a trade association representing the housing industry, has selected James Tobin as president and CEO. Tobin will work out of NAHB’s headquarters in Washington, D.C., and will assume the new post effective June 1. Tobin previously served as executive vice president and chief lobbyist at NAHB. Prior to joining NAHB in 1998, he worked as a senior legislative assistant to former U.S. Representative Frank Riggs of California and former U.S. Representative Gary Franks of Connecticut.

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CaliforniaInvestment SalesNewsWestern

Legacy Partners Acquires $18.3 Million Del Amo Village Development Site Near Los Angeles

by Channing Hamilton

TORRANCE, CALIF. — Legacy Partners has purchased Del Amo Village, a development site located in the Los Angeles suburb of Torrance, for $18.3 million. The site comprises 2.8 acres located within Los Angeles County’s South Bay submarket at 1844 Plaza del Amo. The development plan for the project includes entitlements for 200 market-rate units. Kevin Shannon, Ken White, Chris Benton, Michael Moore and Anthony Muhlstein of Newmark represented the sellers, which were PCCP, LaCaze, Muller Company and Bentall GreenOak.

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Investment SalesNewsTexas

Nitya Capital Sells Four Properties in Texas

by Channing Hamilton

SAN ANTONIO, AUSTIN AND DUNCANVILLE, TEXAS — Nitya Capital has sold four communities in Texas to Lone Star Capital and Nord Group, respectively, for an undisclosed price. All four assets were acquired by Nitya within the last four years. According to Nitya, the firm renovated the interiors and exteriors of the properties, as well as the pools, kitchens and leasing offices. Nitya Capital also added new amenities to the communities. The sold properties include:

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A 3D render of Lulah Hills in Decatur, Georgia.
DevelopmentGeorgiaNewsSoutheast

EDENS to Redevelop North Dekalb Mall into 73-Acre Mixed-Use Development Near Atlanta

by Channing Hamilton

DECATUR, GA. — EDENS has changed the name of North Dekalb Mall to Lulah Hills. The rebrand is part of the developer’s plan to redevelop the mall into a 73-acre mixed-use community in the eastern Atlanta suburb of Decatur. According to EDENS, the name Lulah Hills is based on landscape architect Frederick Olmstead’s original naming concept for the Druid Hills residential suburb. The North DeKalb Mall originally opened in 1965. EDENS acquired the property in 2021, and the DeKalb County Board of Commissioners approved the rezoning of the site in …

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The Apartments at Brayden in Fort Mill, S.C.
Investment SalesNewsSouth CarolinaSoutheast

Knightvest Capital Acquires The Apartments at Brayden Near Charlotte, North Carolina

by Channing Hamilton

FORT MILL, S.C. — Knightvest Capital has acquired The Apartments at Brayden, a 332-unit garden-style community in Fort Mill, for an undisclosed price. Fort Mill is a southern suburb of Charlotte, North Carolina. The Apartments at Brayden was built in 2016 and offers one-, two- and three-bedroom floor plans. Community amenities include a swimming pool, fitness center and clubhouse. The acquisition is Knightvest Capital’s fifth investment in the Charlotte metropolitan area since 2020.

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