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Dune, TF Cornerstone Launch $1 Billion Office-to-Residential Venture

by Channing Hamilton

NEW YORK CITY — Dune Real Estate Partners (Dune) and TF Cornerstone (TFC) have formed a $1 billion venture aimed at converting office buildings into residential communities. The venture, dubbed Alta Residential, will initially target opportunities in Atlanta, Boston, Dallas, Los Angeles, New York City, San Francisco, Washington, D.C., as well as Charlotte and Raleigh, North Carolina. Dune and TFC will source potential conversion opportunities on behalf of Alta Residential. The team will provide construction oversight of local joint venture developments. Additionally, TFC and Alta Residential plan to jointly develop conversion …

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Core Spaces Appoints Six Professionals to Executive Leadership Team

by Channing Hamilton

CHICAGO — Chicago-based developer and owner-operator Core Spaces has appointed six professionals to the company’s executive leadership team. Founded in 2010, Core Spaces owns and operates approximately 45,600 student housing beds, with a pipeline of over 43,000 beds underway. Additionally, the company has a pipeline of approximately 3,000 BTR homes under development. Core Spaces states that it currently has $5.7 billion in combined equity under management.

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Affordable HousingCompany NewsDevelopmentGeorgiaNewsSoutheast

Lockwood Cos. Opens New Office in Brunswick, Georgia

by Channing Hamilton

BRUNSWICK, GA. — Lockwood Cos., an affordable housing developer based in Southfield, Michigan, has opened a new office in Brunswick, about 80 miles south of Savannah, Georgia. According to Lockwood, the office will support the company’s development initiatives to create more affordable housing for families and seniors in the region. Lockwood’s first local project will be a 40-unit affordable housing community for seniors in Albany, a city in southwest Georgia. The company plans to break ground on the project in early 2025.

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Woda Cooper Cos. Adds Two Professionals as Development Officers

by Channing Hamilton

COLUMBUS, OHIO — Woda Cooper Cos. Inc., a developer and property manager headquartered in Columbus, has added two professionals as development officers.  The company hired Malik Jordan to the role of senior vice president of development. In this role, Jordan will oversee development projects that involve housing, capital projects and community engagement. Jordan received a bachelor’s degree in English from Coppin State University and a master’s degree in urban and regional planning from Georgetown University. Jordan has 16 years of experience and is a board member for GEDCO, a faith-based …

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Colliers Appoints Christian Prelle as Executive Vice President, Head of Office Agency

by Channing Hamilton

SAN JOSE, CALIF. — Colliers has appointed Christian Prelle as executive vice president and head of office agency at the firm’s San Francisco Bay Area brokerage. In this role, Prelle will expand Colliers’ office agency practice and lead strategic initiatives to enhance the company’s market position in the Bay Area. Prior to joining Colliers, Prelle served as executive managing director at Newmark, where he led the Palo Alto office for 6 years and oversaw roughly 55 brokers and staff.

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Company NewsFinanceInvestment SalesNewsOperationsPeople NewsTexas

IPA Capital Markets Hires Harry Krieger as Managing Director

by Channing Hamilton

DALLAS — IPA Capital Markets, a division of Marcus & Millichap, has hired Harry Krieger to the position of managing director. In this new role, Krieger will be responsible for placing debt for institutional clients. He will be based in Dallas but part of the firm’s Los Angeles-based IPA Capital Markets team, which is led by Brian Eisendrath and Cameron Chalfant. He will collaborate with the firm’s Texas-based IPA multifamily investment sales team — led by Drew Kile and Will Balthrope — to provide clients with capital markets services. Krieger …

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Company NewsDevelopmentLeasing & MarketingNewsOperationsTexas

LV Collective Appoints Alex Perkins as President of Multifamily

by Channing Hamilton

AUSTIN, TEXAS — LV Collective has hired Alex Perkins as president of multifamily. In this role, he will define and execute the Austin, Texas-based firm’s multifamily platform, overseeing strategy, development, capital markets, operations and asset management. Prior to joining LV Collective, Perkins served as a director for Greystar Development and Construction Services. He is a member of the advisory council for the University of Texas Real Estate Center, where he advises on program strategy and curriculum design.

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Advenir, Azora Create $3 Billion Partnership to Address National Housing Shortage

by Channing Hamilton

MIAMI AND AVENTURA, FLA. — Florida-based Advenir, which acquires, develops and manages multifamily and single-family rental communities, has entered into a partnership with Spanish global investment firm Azora to create “attainable” rental housing in various markets across the U.S. The deal creates a new, combined corporation called Advenir Azora, which will focus on acquisition, development, asset management, property management and fund services capabilities. Advenir Azora is expected to deploy more than $3 billion over the next five years in hopes of developing at least 10,000 new single-family rental homes and acquiring …

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RKW Residential Selects Kevin Owens as President of Property Management, Promotes Joya Pavesi to President of Brand & Strategic Services

by Channing Hamilton

CHARLOTTE, N.C. — RKW Residential (RKW), a property management firm based in Charlotte, has selected Kevin Owens for the role of president of property management. Most recently, Owens was the divisional president at RPM, where he oversaw all of the property management departments at his division, including marketing, operations, business development, property transitions, facilities and construction management. Additionally, RKW promoted Joya Pavesi to the newly created role of president of brand & strategic services. Pavesi previously served as RKW’s executive vice president of marketing & strategy. In her new role, …

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EAH Housing Appoints Jennifer Wu as Chief Financial Officer

by Channing Hamilton

SAN RAFAEL, CALIF. — EAH Housing, a development and management organization based in San Rafael, has appointed Jennifer Wu to its executive leadership team as chief financial officer. In this position, Wu will drive EAH Housing’s financial sustainability and oversee the company’s efforts to create more affordable housing. Prior to joining EAH Housing, Wu served as vice president and controller for MidPen Housing. Previously, she led corporate finance and international-based accounting teams at Meta (NASDAQ: META) and Digital Realty Trust (NYSE: DLR). She received a degree in economics and business …

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