Kay Properties & Investments, a leader in Delaware Statutory Trust (DST) equity placements, has added a unique multifamily property, ‘The Peanut Factory Lofts,’ in downtown San Antonio, Texas, to its online marketplace. This debt-free DST offering provides investors with an opportunity to diversify their portfolio with a rapidly growing asset in a thriving market.
Rise48 Equity, a multifamily investment group based in Phoenix, Arizona, has announced the launch of its new third-party property management company, Rise48 Residential. The expansion marks a significant step for the company, which already manages over 10,000 units and has completed over $2.3 billion in transactions. Rise48 Residential will leverage the expertise of Rise48 Equity to provide full-suite property management services, aiming to manage 50,000 units nationwide in the next five years.
Cardone Capital, led by Grant Cardone, has successfully acquired The Edge at Flagler Village, a luxury 331-unit multifamily property in Downtown Fort Lauderdale, through its Cardone Equity Fund 25. This acquisition marks a strategic move for the firm, adding to its growing portfolio of Class A multifamily units in the Sunbelt region. The deal highlights Cardone Capital’s ability to capitalize on market opportunities and deliver strong returns to its investors.
Ashcroft Capital, a multifamily investment firm, has expanded its Florida portfolio with the acquisition of Halston Waterleigh, a luxury apartment community in Winter Garden, Florida. This marks Ashcroft’s 11th property in the state and its fifth in the Orlando metro area. The company plans to leverage the community’s prime location and resort-style amenities to deliver a top-tier living experience for residents.
JBM Institutional Multifamily Advisors has listed Mark Lane, a luxurious four-story apartment complex in Naples, Florida. This Class A+ property boasts 286 units with exceptional amenities, a prime location, and an affluent tenant base, making it an attractive investment opportunity.
Gray Capital, a real estate investment firm headquartered in Indianapolis, has added Solana at the Crossing to its portfolio, marking its eleventh apartment asset in the city. This acquisition underscores Gray Capital’s confidence in the continued growth of Indianapolis’s multifamily market, which has remained resilient despite recent economic volatility.
JBM Institutional Multifamily Advisors has announced the exclusive listing of The Centro, a brand-new, four-story, Class A+ luxury apartment complex in South Fort Myers, Florida. This 264-unit property, featuring modern amenities and a prime location, boasts exceptional lease-up velocity and offers a diverse mix of studio, one-, two-, and three-bedroom units.
Placemakr, a leading flexible-use hospitality and multifamily operator, achieved profitability in June 2024, marking a significant milestone in its journey. This achievement comes amidst continued growth and expansion efforts, with new properties opening in markets like Atlanta and further development in existing markets. The company’s adaptability and robust growth demonstrate its resilience in navigating industry challenges.
Grand Peaks, a real estate investment firm, has announced the lease of 93 units within their luxury multifamily community, Skyline at Highlands, to Sonder, a leader in short-term rentals. Located in Denver’s LoHi neighborhood, Skyline at Highlands is currently pre-leasing the remainder of its 533 units and is set to become a mixed-use destination with hospitality, luxury living, and a full suite of amenities opening in June. This 93-room hotel will be Sonder’s fourth project in LoHi, offering guests a blend of contemporary design and convenience. Hotel guests will have access to various luxury amenities, including a resort-style pool and hot tub, a state-of-the-art fitness center, and expansive open park spaces.
