Westmount Square Capital’s Post

CLOSED! NorthPeak Commercial Advisors is pleased to announce the sale of 1326 Corona St., Denver, CO 80218. Kevin Calame and Matt Lewallen of NorthPeak Commercial Advisors worked with the buyer and seller in this transaction. "The Seller had owned this property for 28 years and felt this was time to sell and move to a more passive investment through a 1031 Exchange," stated Calame. "The Buyers are experienced with multi-family investments in the Denver area and continuing to expand their portfolio." "We are pleased to announce the successful closing of 1326 Corona Street, the first acquisition, of the Ninth Square Denver Multifamily Opportunity Fund," stated Thomas De Napoli of Ninth Square Real Estate Partners. "This transaction marks an important milestone in our strategic initiative to acquire and enhance multifamily properties in prime central Denver locations. The property, located at the nexus of the desirable Cheesman Park and Capitol Hill neighborhoods, is an 11-unit interior walk-up building acquired at an attractive basis that represents a significant discount from peak market prices. This acquisition underscores our commitment to identifying undervalued assets with significant upside potential. Our value-add strategy will include comprehensive renovations to the exterior, interior and units as well as more focused management to elevate the property's performance and market positioning. We are excited to begin the transformation of 1326 Corona Street, delivering premium living experiences for our residents and strong risk adjusted returns for our investors." For more information on this investment or current market conditions, please contact Kevin Calame at 303-263-6260 or Kevin@NorthPeakCRE.com. READ PRESS RELEASE: https://lnkd.in/gBgAW3Ue SALE HIGHLIGHTS 🏠 Address: 1326 Corona St., Denver, CO 80218 💰 Sale Price: $2,235,000 📅 Closed Date: June 26, 2024 🏢 Total Units: 11 ($203,181/Unit) 📐 Property Size: 6,475 SF ($345/SF) 📈 Cap Rate: 5.8% 🏠 Property Type: Multifamily #sale #sold #closing #realestate #northpeak #northpeakcre #multifamily #property #denver #denverrealestate #denver

🏢 Breneman Capital's Strategic Moves in Chicago's Real Estate Market 🌆 We're excited to share two significant transactions as 2023 draws to a close, totaling over $21.5 million. These deals focus our portfolio in one of Chicago's most desirable areas. 1️⃣ Our acquisition of the 47-unit Ashland Place at 33 S. Ashland Ave. in the West Loop for $17.95 million is a testament to our commitment to high-value areas in Chicago. This modern property, built in 2018, fits perfectly with our strategic goals. 2️⃣ Following this, we successfully sold an eight-unit building at 3332 W. Palmer St. in Palmer Square. Acquired in 2019, we've enhanced its value through dedicated management and improvements. These moves reflect our approach to investing in resilient areas with strong market demand, like Chicago's West Loop. We're proud to contribute to the city's dynamic real estate landscape and look forward to more opportunities in the future. https://lnkd.in/d5cfk2hj #BrenemanCapital #RealEstateInvestment #ChicagoRealEstate #StrategicGrowth #WestLoopChicago

Harbor Group International is making waves in the multifamily sector, scooping up new properties and showing a keen eye for fresh builds. Here's the lowdown: New Digs: They've added some cool new spots in Denver to their already hefty portfolio. Looking Sharp: Focusing on new constructions in hot markets, they're all about snagging the best deals. Market Moves: More players are jumping in, but Harbor Group is quick on its feet, keeping an eye on the prize despite tighter competition. Staying Steady: They're sticking to their game plan, navigating market ups and downs with a solid strategy. Looks like they're not just playing the game—they're setting the pace! #RealEstateInvestment #MultifamilyHousing #MarketDynamics #StrategicInvestment #Colliers #Pittsburgh #MoreIn24 #ThriveIn25 #ClosersCoffee #ColliersCapitalMarkets https://lnkd.in/eQqPGQD3

Newmark represented Nitya Capital in the sale of three Texas apartment complexes totaling 673 units in the Houston and Austin metro areas. “This portfolio provided investors the opportunity to acquire a sizeable footprint in two major markets, with outstanding upside potential that was attractive to both private and institutional buyers,” said Senior Managing Director Jim Young, who represented the seller alongside Vice Chairman Zach Springer and Director Carter Mizell. Read the full Realty News Report article. #Newmark #Multifamily #InvestmentSales #MultifamilyInvestors #MultifamilyInvestments #MultifamilySale #MultifamilyPortfolio #CRE #CommercialRealEstate #HoustonRealEstate #AustinRealEstate

CLOSED! NorthPeak Commercial Advisors is pleased to announce the sale of 1270 N Logan St., Denver, CO 80203. Jack Sherman and Hunter Schaefer of NorthPeak Commercial Advisors worked with the buyer in this transaction. "I'm excited for my client who is buying this property to add to his existing portfolio in central Denver," stated Sherman. "He plans to stabilize this deal by renovating the units, improving the quality of life for the tenants, and raising rents to market. At $175k/unit for this location, I think he is going to do well in the immediate and long term." READ PRESS RELEASE: https://lnkd.in/gcin6Pby SALE HIGHLIGHTS 🏠 Address: 1270 N Logan St., Denver, CO 80203 💰 Sale Price: $1,400,000 📅 Close Date: August 21, 2024 📐 Property Size: 5,110 SF ($274/SF) 🏢 Units: 8 ($175,000/Unit) 📈 Cap Rate: 5.7% 🏠 Property Type: Multifamily #sale #sold #closing #realestate #northpeak #northpeakcre #multifamily #property #denver #denverrealestate

Lument's Vic Clark dove into the findings from our Austin market spotlight and uncovered two areas that will continue to make the city attractive to multifamily investors: jobs and quality of life. Get more of Vic's take on the Austin multifamily market and learn why now may be the time to consider investment in the Texas capital city. #MultifamilyFinance #ClientInsights #AustinMultifamily

In case you missed it, Inland Private Capital successfully sold a Colorado Springs multifamily property, resulting in a profit on sale and a 6% internal rate of return to investors. Connect CRE has more on the transaction: https://hubs.ly/Q02sjXSC0 #Multifamily #CRE #CommercialRealEstate #RealEstate #Sale #DST #ColoradoSprings #Colorado

CLOSED! NorthPeak Commercial Advisors is pleased to announce the sale of 1888 S Garfield St., Denver, CO 80210. Greg Johnson, Conner Piretti, and Austin Bengford of NorthPeak Commercial Advisors worked with the buyer and seller in this transaction. “The Johnson-Piretti team was thrilled to work with both the buyer and seller in getting this transaction across the finish line,” stated Bengford. “The sellers, who have owned and managed the building for the past 6 years, are looking to cash out and exchange into a more passive investment. Meanwhile, the buyers are excited to acquire a solid asset for their first multifamily investment property.”  For more information on this investment or current market conditions, please contact Austin Bengford at 970-692-3008 or Austin@NorthPeakCRE.com SALE HIGHLIGHTS 🏠 Address: 1888 S Garfield St., Denver, CO 80210 💰 Sale Price: $1,300,000 📅 Closed Date: March 26, 2024 🏢 Total Units: 4 ($325,000/Unit) 📐 Property Size: 3,288 SF ($395/SF) 📈 Current Cap Rate: 5.1% 🏠 Property Type: Multifamily READ PRESS RELEASE: https://lnkd.in/gR5X_WS9 #sale #sold #closing #realestate #northpeak #northpeakcre #multifamily #property #denver #denverrealestate

East Superior Real Estate Partners Case Study 📚: Bridgeport 4 Flat In the heart of Chicago's Bridgeport neighborhood, our journey continues to show progress — a testament to our commitment to focus on strategic investments. Starting Strong: December 2014 December 2014 saw us acquire a four flat on 32nd Street, a result of thorough market analysis focused on Bridgeport's potential for thriving rent growth. Navigating Challenges: Property Evolution Acquiring below market value posed challenges. Our team expertly handled building violations and extensive interior renovations, transforming hurdles into opportunities through seasoned experience. Strategic Growth: A 7.4-Year Transformation Over 7.4 years, our focused strategy evolved the property. Beyond a physical renovation, it strategically evolved. Two years post-acquisition marked a key moment: a successful cash-out refinance, yielding a 1.6x return on our initial equity. Results: Numbers That Speak By June 2022, the property sold, boasting exceptional metrics—an impressive 59% IRR, a 9.0x Equity Multiple, and a solid 7.4-year hold period. Acknowledgments: Team Effort The Bridgeport 4 Flat achievement stands as a testament to our seasoned team's foresight and execution. It exemplifies our commitment to turning opportunities into successful ventures. Learn from Our Journey: Elevate Your Investments This achievement isn't just about a property; it's a roadmap for demonstrated performance in investments. Connect with East Superior Real Estate Partners to explore how our experience can enhance your investment portfolio. #multifamilyrealestate #chicagorealestate #realestateinvesting

Blackstone has agreed to acquire an owner of upscale apartment buildings for about $10 billion, signaling that one of the world’s largest real-estate investors is ramping up investments again after a period of moving more cautiously. Blackstone is taking private Apartment Income REIT, known as AIR Communities, which owns 76 rental housing communities that are primarily in coastal markets, including Miami, Los Angeles, and Boston, the companies confirmed Monday. Blackstone plans to invest another $400 million to improve these properties, the firm said. The acquisition is Blackstone’s largest transaction in the multifamily market. It reflects the firm’s bullishness on rental housing and its belief that commercial real estate overall is bottoming and the time is ripe to step up investments. “We can see the pillars of a real-estate recovery coming into place,” Blackstone President Jonathan Gray said on an earnings call earlier this year. “We are, of course, not waiting for the all-clear sign and believe the best investments are made during times of uncertainty.” The firm in recent months has begun to invest more aggressively in the commercial real-estate market, betting that interest rates are stabilizing and access to capital is becoming easier. Blackstone late last year acquired a stake in a $17 billion loan portfolio from the defunct Signature Bank. In December, Blackstone and Digital Realty agreed to create a new venture to develop $7 billion in data centers that will target the largest providers of online content, cloud services and artificial intelligence. Earlier this year, Blackstone agreed to acquire Tricon Residential, which owns, operates and develops a portfolio of about 38,000 single-family rental homes in the U.S., for $3.5 billion. Blackstone considers multifamily, and rental housing in general, one of the best commercial property segments to invest in. While a crush of new supply, especially in the Sunbelt region, and higher interest rates have weighed on the multifamily business, the markets in AIR Communities portfolio have been less impacted.