Milestone Apartments REIT

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  • Milestone Apartments REIT Acquires Pearland’s Villas at Shadow Creek

    Milestone Apartments Real Estate Investment Trust just increased its Houston footprint by entering an agreement of purchase and sale for Villas at Shadow Creek, a 560-unit multifamily community located in the Pearland submarket.

    Houston 20 September 2014 03:53
  • Osprey Links at Hunter’s Creek Changes Hands

    The 424-unit, Class A multifamily apartment community located in south Orlando is now the property of Milestone Apartments REIT, following a $50.7 million transaction announced recently by the investment trust. An affiliate of The Milestone Group, LLC was part-owner in the joint venture that sold the property, possessing a minority interest in the enterprise.

    Orlando 30 June 2014 03:28
  • Milestone Apartments REIT to Acquire 358-Unit Canyon Chase Apartment Community

    Milestone Apartments REIT recently announced it has entered into an agreement to acquire the 358-unit Canyon Chase apartment community. Located in the Westminster submarket of Denver, Colorado, the garden style multifamily apartment community was built in 1986. The Toronto-based REIT acquired the property for a purchase price of $40.5 million, represented an estimated initial capitalization rate of 6.55 percent and the transaction is expected to be immediately accretive to the REIT’s AFFO per unit.

    Denver 25 July 2013 15:48