STARS REI’s Post

🏢ACQUIRED! We are excited to announce the acquisition of The Drake at St Pete, a 477-unit multifamily property in St. Petersburg, Florida. The deal was jointly acquired by Excelsa US Real Estate II, LP and an Excelsa co-investment vehicle. The Drake at St Pete is a garden-style multifamily property boasting 477 units spread among 36 residential buildings and a clubhouse/leasing center. The property also includes impressive facilities such as a 24-hour fully-equipped fitness center, three resort-style pools, two dog parks, and a picnic area. The property is located in the booming Tampa-St. Petersburg-Clearwater MSA, hosting six Fortune 500 firms, including two headquarters, and over $5 billion worth of transformative urban developments. It is also home to healthcare facilities, entertainment sites, and reputable educational institutions, making The Drake at St Pete an exceptionally well-connected property. “From the start, the combination of compelling pricing, a very attractive location, and zero directly competing properties excited us about The Drake at St Pete. Ultimately, after proving out the profitable value-add proposition, we closed the deal with conservative debt financing, which provides accretive leverage,” said David Fletcher, managing director at Excelsa Properties. Read more about the acquisition on Yield PRO media here: https://lnkd.in/ehGT_bS6 #realestate #privateequity #multifamily #residential #multifamilyinvesting

Diamond Properties Makes Impressive Acquisition In Ohio   Diamond Properties is looking to start the new year off with a monumental achievement, acquiring three commercial properties in the greater Ohio area, one of which encompasses the entirety of an industrial property portfolio.   The announcement comes just days after the start of 2024. However, Diamond Properties has worked tirelessly for months to ensure the success of their latest acquisition, and decision-makers within the company are thrilled to finally share their news at long last.   As it stands, the acquisition features more than 704,000 sq ft. of prime industrial real estate in Ohio, and the Diamond Properties team is elated to add these properties to their growing portfolio of real estate developments across the United States.   Inside The Infill Industrial Portfolio   The first but certainly not least of Diamond Properties' acquisitions comes from Infill Industrial Portfolio in Cincinnati. This prolific portfolio includes two single-tenant commercial real estate spaces located at 4700-4750 Creek Rd in Blue Ash and 9345 Princeton-Glendale Rd in West Chester. Combined, the properties make up more than 300,000 sq ft. of industrial and commercial real estate in some of Ohio's most promising districts.   Of course, commercial property is only as promising as its tenancy. Both properties feature a strong 100% tenancy rate held by esteemed companies, including Baxters North American and Overhead Door Company of Greater Cincinnatti, Inc. Diamond Properties looks forward to continuing their track record of prosperity and supporting their tenants with some of the best property management strategies in the country.   A Deeper Look At Leap Road   Along with the Infill Industrial Portfolio, Diamond Properties has also acquired 4081-4199 Leap Rd in Hillard. This sprawling multi-tenant commercial real estate space is currently home to seven tenants, including Yokowo Manufacturing and E-Cycle, Inc. The property encompasses more than 200,000 sq ft. of rentable real estate for current and future businesses, including at least 13 commercial business suites.   Most notably, this particular property is spread across two buildings. Currently, it sits at an 88% occupancy rate, leaving plenty of room for growth and expansion at the hands of Diamond Properties. Built in 1974, the property features more than 400 parking spaces, nine drive-in doors, and ample potential for success.   #commercialproperty #commercialrealestate #ohiorealestate #industrial

DHG Real Estate Group announces its latest strategic acquisitions in Affoltern am Albis and Glattbrugg, enhancing our diverse portfolio with prime residential and commercial properties. These acquisitions reflect our ongoing commitment to strategic expansion in the Greater Zurich Area's high-potential real estate markets. In Affoltern am Albis, the modernization of three multifamily residential buildings aligns with our vision of blending modernization with sustainable growth. Blagoje Antic, our Founder, CEO, and Chairman, emphasizes, 'This acquisition aligns perfectly with our strategic vision, offering a blend of modernization and sustainable growth.' In Glattbrugg, the acquisition of a key residential property supports our strategy to cater to diverse living preferences and urban connectivity. These initiatives underscore our commitment to building tomorrow's sustainable development, enhancing community integration, and promoting greener commuting options. #realestateinvestment #buildingfuture #sustainabledevelopment

Vistry Group has agreed terms with Blackstone’s real estate arm and Regis Group for the acquisition of a portfolio of new-build homes totalling a gross development value of around £580m. The portfolio would be managed by Leaf Living, a private rented sector housing provider backed by funds managed by Blackstone and Regis. The portfolio, which is concentrated in the south east of England and is largely plots from Vistry’s former housebuilding landbank, consists of some 1,750 homes across 36 Vistry developments. James Seppala, head of European real estate at Blackstone, said: “Institutional private capital can play an important role in providing high quality housing stock across the UK, particularly in the private rented sector which is significantly undersupplied today. Partnerships such as these can meaningfully accelerate the delivery of new homes and help alleviate structural undersupply across the sector.” Read more ⬇️⬇️⬇️ https://lnkd.in/e3Z8dQi5

Check out this #CaseStudy about a recent closing! $2,400,000 | 290 East 53rd Street, Brooklyn, NY The 4-story walk-up apartment building at 290 East 53rd Street in Brooklyn, NY, recently sold for $2.4 million. Built in 1920, the property features 27 apartments and boasts a cap rate of 8.23%, a GRM of 5.91, a PPU of $88,889, and a PPSF of $93. This sale highlights the growing demand for well-located, multi-functional properties in urban areas, reflecting the market's recognition of their high value and potential. The involvement of the Rosewood Realty Group ensured a smooth transaction, leveraging their deep market knowledge and extensive network. Facilitating this transaction, Rosewood Realty Group leveraged their profound market insight and extensive network, ensuring a smooth and efficient process. Their adept handling of the deal underscores the growing trend of investing in multifamily buildings, reflecting the market's acknowledgment of their high value and promising returns. Contact our team: Aaron Jungreis at aaron@rosewoodrg.com Ben Khakshoor at ben@rosewoodrg.com Eli Shayestehpour at eli@rosewoodrg.com To work with us or for more information, email us at info@rosewoodrealtygroup.com. #rosewoodrealtygroup #rosewoodrealty #competitive #advantage #newyork #commercialrealestate #nycCRE #acquisitions #realestate #NYC #NYRealEstate #multifamily #mixeduse #industrial #office #retail #Rosewood #RealEstate #newyorkCRE #CRE #NYCCRE #NYCRE #development #BRONX #BronxNY #closed #deals

Check out this #CaseStudy about a recent closing! $2,200,000 | 1412 Franklin Avenue & 1359 Webster Avenue, Bronx, NY The properties at 1412 Franklin Avenue & 1359 Webster Avenue, Bronx, NY, sold for $2,200,000. These two walk-up buildings, comprising 29 apartments across 19,688 square feet, underscore the market's recognition of their potential. With a price per square foot of $111.74 and a price per unit of $75,862, the sale demonstrates strong interest in well-located, versatile properties. The impressive cap rate of 8.73% and GRM of 6.4x further highlight the investment potential of these urban multi-functional assets. Facilitating this transaction, Rosewood Realty Group leveraged their profound market insight and extensive network, ensuring a smooth and efficient process. Their adept handling of the deal underscores the growing trend of investing in mixed-use buildings, reflecting the market's acknowledgment of their high value and promising returns. Contact our team: Aaron Jungreis at aaron@rosewoodrg.com Ben Khakshoor at ben@rosewoodrg.com Reouven Elharar Elharar at relharar@rosewoodrg.com To work with us or for more information, email us at info@rosewoodrealtygroup.com. #rosewoodrealtygroup #rosewoodrealty #competitive #advantage #newyork #commercialrealestate #nycCRE #acquisitions #realestate #NYC #NYRealEstate #multifamily #mixeduse #industrial #office #retail #Rosewood #RealEstate #newyorkCRE #CRE #NYCCRE #NYCRE #development #BRONX #BronxNY #closed #deals

We believe in Memphis and soon many more will too. STREETINSIDER.com "GRJ, LLC Announces Strategic Expansion into Memphis Real Estate Market with Acquisitions of over 1000 Apartments in Tennessee" "We believe that Memphis is the next great investment opportunity in the country," founder Gregory Jones said when asked about the choice of location for this new series of investments. "The economic vibrancy of that region is unmatched." https://lnkd.in/eUadX7-4 #realestatedevelopment #realestatedeveloper #realestatedevelopers #renovation #development #investing #realestateinvesting #realestateinvestor #realestateinvestors 

There's the potential for a big shake up in the new-build property sector, following the announcement of a planned Barratt Developments acquisition of Redrow. The planned changes would make Barratt Developments the largest homebuilder in the UK, knocking Taylor Wimpey from the top spot as the FTSE 100's largest homebuilder. Barratt say the merger will "bring together two highly complementary companies, creating an exceptional homebuilder in terms of quality, service and sustainability, able to build more of the high-quality homes this country needs." What will these changes have in store for the buyers of new homes and the UK housing market as a whole? https://lnkd.in/eSVHj9Z8

We believe in Memphis and soon many more will too. STREETINSIDER.com "GRJ, LLC Announces Strategic Expansion into Memphis Real Estate Market with Acquisitions of over 1000 Apartments in Tennessee" "We believe that Memphis is the next great investment opportunity in the country," founder Gregory Jones said when asked about the choice of location for this new series of investments. "The economic vibrancy of that region is unmatched." https://lnkd.in/eX9D_wEM #realestatedevelopment #realestatedeveloper #realestatedevelopers #renovation #development #investing #realestateinvesting #realestateinvestor #realestateinvestors 

Check out this #CaseStudy about a recent closing! $84,000,000 |  6450 Crescent Way, Norfolk, VA The historic 400-unit property at 6450 Crescent Way, Norfolk, VA, built in 1911, recently sold for an impressive $84 million. Spanning 455,200 square feet, it drew considerable interest due to its strategic location and flexibility. The per-unit price of $210,000 illustrates the rising demand for well-located, multi-functional urban properties. Facilitating this transaction, Rosewood Realty Group leveraged their profound market insight and extensive network, ensuring a smooth and efficient process. Their adept handling of the deal underscores the growing trend of investing in mixed-use buildings, reflecting the market's acknowledgment of their high value and promising returns. Contact our team: Aaron Jungreis at aaron@rosewoodrg.com David Wildes at david.w@rosewoodrg.com To work with us or for more information, email us at info@rosewoodrealtygroup.com. #rosewoodrealtygroup #rosewoodrealty #competitive #advantage #newyork #commercialrealestate #nycCRE #acquisitions #realestate #NYC #NYRealEstate #multifamily #mixeduse #industrial #office #retail #Rosewood #RealEstate #newyorkCRE #CRE #NYCCRE #NYCRE #development #BRONX #BronxNY #closed #deals