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Taurus Snags $34M Raleigh Community

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Olde Raleigh aerial Taurus Investment Holdings acquired the Olde Raleigh garden - style apartment community in the Northwest submarket of Raleigh, N.C. The company purchased the property from Chaucer Creek Capital for $33.5 million.  Located at 4000 Grand Manor Court , the 228- unit community features one-, two- and three- bedroom floorplans ranging from 716 to 1,523 square feet. Interior features include gourmet kitchens , walk-in closets, washer/dryer connections, bay windows, crown molding, nine-foot ceilings, garden tubs, faux wood plank flooring , private balcony/patios, brushed nickel faucets , stainless steel appliances , refinished white cabinets , spring carnival faux granite counter tops , columns and built-in bookshelves. Amenities with an upgrade “Taurus plans to execute an extensive renovation plan throughout the property including: high- quality interior renovations of the apartment homes, new and upgraded amenities on site, exterior cosmetic improvements , and sus...

Owners of Ann Arbor's Hidden Valley Club apartments seek to avoid foreclosure on $18 million CMBS debt

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Lon Horwedel | AnnArbor.com Ann Arbor’s Hidden Valley Club apartment complex is a local example of a $ 70 billion national real estate problem : Securitized commercial loans that are in default. A foreclosure notice on the 324-unit complex near Briarwood was filed in late April, despite months of ongoing conversations initiated by the owner to modify the loan. The loan itself - which totals $18.1 million - is complicated, since it’s one among billions in real estate investments that were repackaged and sold to Wall Street investors during years of peak real estate prices . So are the circumstances behind the loan default, said Hidden Valley Club co- owner Jeff Starman . The most obvious is the drop in the property’s value as rental rates fell below levels to cover loan payments . Other factors include a national real estate climate in which banking consolidations after the lending crisis and the sheer volume of properties in securitized loans - known as Commercial Mortgage B...

Greystar Executive Named Texas Apartment Association President

CHARLESTON, S.C.--( BUSINESS WIRE )-- Greystar Real Estate Partners (“Greystar”) is pleased to announce that the Texas Apartment Association (“the TAA”) has named Jackie Rhone President of the organization. Ms. Rhone, Executive Director of Real Estate for Greystar, has served on the TAA’s executive committee most recently as President-Elect and was appointed TAA’s President on April 29, 2017, at the annual conference in Ft. Worth, Texas. “We are extremely proud of Jackie and she is very deserving of this honor,” said Andrew Livingstone, Executive Managing Director of Real Estate for Greystar. “So much of Jackie’s work in the industry is aligned with our Pillars of Excellence, which are the foundation of everything we do at Greystar from corporate decision making to resident relations.” Ms. Rhone oversees the real estate strategic services group for the Greystar owned portfolio , including stabilized assets , new construction and value add opportunities totaling 31 ,000 units ...

HFF Secures Financing for Ventana Apartments in San Antonio, Texas

HOUSTON, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured fixed-rate financing for Ventana Apartments, a 390-unit, Class A multi-housing community in San Antonio, Texas.Working on behalf of the borrower, Venterra Realty, HFF placed the five-year, 3.06 percent fixed-rate loan with a life company correspondent lender .  Loan proceeds were used to acquire the asset. Ventana Apartments consists of 25 two- and three- story residential buildings containing one-, two- and three- bedroom units totaling 380 , 076 rentable square feet .  Community amenities include two swimming pools with cabanas, a fitness center , clubhouse and gated access.  The 95-percent-leased property is located at 11020 Huebner Oaks near the intersection of Huebner Road and Interstate 10, proximate to retail and entertainment venues including Huebner Oaks Center , which provides an exceptional mix of more than 50 stores and restaurants within walking distance of the property.  V...

Residential Real Estate Agents Brokers Business Directory - Find Residential Real Estate Agents Brokers Businesses

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High Note Realty Franklin, Ma "A Notable Real Estate Experience "  Serving the Greater Franklin and Metro- West Boston Areas . www.highnoterealty.com   Incolo Real Estate Services Issaquah, WA Local real estate agents in Washington that focuses on Seattle, Bellevue, Kirkland, Renton, and Issaquah area. Lots of experience in the...  J. Marti Real Estate Mayaguez, PR Real Estate Brokers specialized in properties located in Western Puerto Rico USA . We dedal with Residential and Commercial and Investment...  Kary E. Scholl Bloomington, IN Calm mature real estate agent working in Bloomington Indiana. I love my job, I like helping people find their dream home. I am on call 24/7...  KimTimTeam West Chester, OH The KimTimTeam is a full service real estate team that specializes in most aspects of residential and commercial real estate . Our services...  LAClassic Estates.com Beverly Hills, CA Specializing in Los Angeles luxury real estate , including Beve...