TORONTO AND MINNEAPOLIS — Toronto-based commercial investment and lending firm Peakhill Capital has acquired Minneapolis-based commercial banking firm Venture Capital Mortgage. Financial terms of the transaction were not disclosed. According to Peakhill, the merger represents an expansion of business in the United States, specifically an increase in bridge and life correspondent lending, joint venture equity platforms and access to a broadened borrower base across multifamily, office, retail and industrial sectors. Double Peak Advisors represented Peakhill in the transaction.
ALTAMONTE SPRINGS, FLA. — Milhaus, an Indianapolis-based developer, owner and property manager, has acquired the property management division of Altamonte Springs-based developer ContraVest, marking Milhaus’ entry into the third-party property management business and expanding its presence in Florida. Under the agreement, Milhaus will assume residential management at eight multifamily properties. Skyhawk Capital Advisors acted as financial advisor to ContraVest in the transaction. In Florida, Milhaus has developed and manages Canopy at Babcock Ranch, as well as projects in Tampa, such as The Hite and Notch Apartments, Lector 85 and Artistry …
CHICAGO — Kiser Group, a Chicago-based multifamily brokerage firm, has launched an affordable housing division and appointed Alex Mora and Spencer Burd as directors. The newly formed group will advise clients on mission-driven and community-impact development and investment. “Our goal is to guide clients through the unique financial and regulatory challenges of affordable housing,” said Burd. “By combining market insight with a focus on social impact, we can create solutions that benefit both investors and the communities they serve.”
MIAMI — TruAmerica’s former co-chief investment officer Matt Ferrari has departed the Los Angeles-based investment and development company to launch PXV Multifamily based out of Miami. The private investment and operations firm will target middle-market, value-add and larger, investment-grade properties suitable for institutional capital. PXV plans to deploy approximately $2 billion in acquisitions over the next 36 months and is capitalized with funds from BroadVail Capital Partners, a Houston-based real estate private equity firm that partners with management teams to build institutional real estate investment platforms. This partnership marks BroadVail’s …
KANSAS CITY, MO. — Multifamily and affordable housing brokerage firm MMG Real Estate Advisors has hired Kyle Shoemaker as managing director and Bill Brading as senior director. Shoemaker has specialized in affordable housing brokerage since 2006 with special emphasis in deed-restricted affordable housing transactions. In 2013, he partnered with the principals of Senior Living Investment Brokerage (SLIB) to launch a boutique brokerage dedicated exclusively to affordable housing assets. Under his leadership, the team has closed over 150 deals — primarily LIHTC-funded or operating under a HAP contract — adding up …
NEW YORK CITY — Cushman & Wakefield has hired Sherry Freitas as president of asset services in the multifamily division. In this role, Freitas will oversee operations across the country, managing a workforce of more than 4,000 people who serve residential property management clients. Freitas was a member of the board of directors for the Atlanta Apartment Association for 10 years, serving as board chair in 2021.
HOUSTON — NorthPeak Commercial Advisors, a Denver-based brokerage, has opened a branch in Texas. The firm handles asset acquisitions and dispositions, 1031 exchanges, underwriting and advisory services in the multifamily, office, retail and industrial sectors. The team based out of the new Texas office, located in Houston, specializes in multifamily investments and is led by Travis Purvis, a Texas native with a 31-year career in the oil and gas industry. Licensed Texas broker Matt Lewallen and Partner Kevin Calame also will support the new business.
PHOENIX — Woodfield Development has appointed Neil Hanlon as vice president of development. He will lead the firm’s expansion into Arizona and Nevada, namely into the Phoenix and Las Vegas metro areas. In this role, Hanlon will be responsible for sourcing new business opportunities and overseeing all phases of the development process. Hanlon comes to Woodfield from Greystar, where he was director of development in Phoenix, leading multifamily development projects throughout the Southwest and Mountain West markets. Raleigh, North Carolina-based Woodfield was founded in 2005.
RONKONKOMA, N.Y. — TRITEC Real Estate has appointed Michael O’Leary as chief financial officer. O’Leary will oversee TRITEC’s financial strategy, planning and operations. He joins the company from RXR Realty, a New York City-based multi-sector owner, operator and investor, where he was executive vice president and chief financial officer. TRITEC Real Estate was founded in 1986 by brothers Robert and James Coughlan. The company consists of TRITEC Development Group, TRITEC Building Co. and TRITEC Asset Management, Inc. TRITEC acquires, develops, builds, finances, leases and property manages commercial real estate projects, …
MEMPHIS, TENN. — Fogelman has appointed Kristy Heuberger president of Investment Management and promoted Justin Marshall to president of property services. Heuberger formerly served as co-head of the Americas and head of asset management at LaSalle Investment Management, where she oversaw $30 billion in assets under management and led a team of approximately 250 real estate investment professionals. In the newly created role, Heuberger will oversee transactions, portfolio management, asset management, capital formation and investor relations. Justin Marshall, formerly chief operating officer, has been promoted to president of property services. …