Featured News, Real Estate Investing, US Real Estate

Gatehouse Bank Closes Texas Student Housing Deal

By Phil Butler | July 19, 2011
In international commercial investing news, Gatehouse Bank, the UK subsidiary of Securities House Kuwait, announced today the purchase of a 265 apartment student property in Texas valued at $50 million. According to the news, this is the first student real estate the company has acquired, but similar deals in the UK and elsewhere have proven successful.
US Real Estate

Phoenix Realty Group Acquires Three Apartment Properties

By Tavis J. Hampton | May 4, 2011
Phoenix Realty Group (PRG) announced the acquisition of an apartment portfolio for three properties containing 432 units in San Bernardino and Highland, California.  The entire portfolio sold for $21.5 million, and Phoenix acquired it from a lender that had taken over the assets in 2009. The properties had gone through a period of distress and […]
US Real Estate

Rental Property Developers in Vermont Face Huge Obstacles

By Tavis J. Hampton | April 22, 2011
Developers in Vermont are facing an uphill battle trying to build new rental properties, according to a new report by the Vermont Housing Finance Agency.  The obstacles are many, and fixing the problem will be a difficult exercise. In Vermont, a two-bedroom apartment runs about $990 per month (7 percent higher than a year earlier […]
US Real Estate

Marriott Opening Three Properties in Doha This June

By Tavis J. Hampton | April 21, 2011
Marriott International revealed that it is opening three new properties in June, all in Doha, Qatar.  Two of the properties will be hotels: the Renaissance Hotel and Courtyard by Marriott, and the third will be an apartment community: Marriott Executive Apartments Doha City Center.  All three will be part of the Doha City Center Mall […]
Home Builders/Developer's, US Real Estate

HPI and Captex to Build 1,000 Apartments in Texas

By Tavis J. Hampton | March 2, 2011
Central Texas will soon have 1,000 new apartments, thanks to the new joint venture initiated by HPI Real Estate Services and Captex Development Company. The two companies will collaborate on four projects over the course of two to three years, building apartments under the name HPI Residential.
US Real Estate

Phoenix and MG Acquire $53 Million Orange County Apartments

By Tavis J. Hampton | February 9, 2011
Phoenix Realty Group (PRG) and MG Properties Group (MGPG) have joined forces to secure a $53 million apartment community in Orange County. The community, Crystal View, offers affordable housing to workers, many of whom are employed at nearby theme parks, such as Disneyland, and medical establishments, such as the University of California Irvine Medical Center.
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