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City of Angels Real Estate Firm Acquires Laurel Walk Apartments
The 98-unit complex Laurel Walk Apartments located in south Charlotte was sold to a Los Angeles-based multifamily real estate investor for $7.38 million.
HGI Waves Goodbye to West Palm Beach Apartments
An affiliate of Harbor Group International has sold the apartment community with the largest units in West Palm Beach.
Lawrenceville MF Asset Changes Hands for $58.3M
Madison at River Sound was recently sold to Los Angeles-based Investors Management Group for $58.3 million. The new owner of the community is a private real estate investment firm focusing exclusively on the multifamily sector. Investors Management Group specializes in value-add and opportunistic real estate investments in major metropolitan markets in need of recapitalization, repositioning, or significant renovation.
Oak Coast Properties and Investors Management Group announced the acquisition of Promenade at Berkeley on January 14. Located in Duluth, Ga., the 492-unit apartment community was sold for $33.7 million by Northwoods Lake Partners LLC.Atlanta 20 January 2014 07:13