by Kipp Gillian | Sep 7, 2022 | Multifamily
S2 Capital has closed the S2 Multifamily Value-Add Fund I. The fund closed at its hard cap of $400 million in investor and co-invest commitments. It took eight months to raise the funds, and it exceeded company expectations. Its original target was $250 million....
by Kipp Gillian | Sep 7, 2022 | Industrial
SpaceX is constructing a ‘shell building’ in Bastrop County that will be 521,521 square feet. The estimated cost of the project is $43 million and the building is expected to be completed by July 2023. Bastrop County is just south and east of Austin. The...
by Kipp Gillian | Sep 7, 2022 | Multifamily
A partnership between Wellington, FL-based The Bainbridge Companies, LLC, and Austin, TX-based Virtus Real Estate Capital has secured $69.8 million for Aventura Crossroads, a 344-unit multifamily in Cary, NC. The loan was originated by an affiliate of Walton Street...
by Kipp Gillian | Sep 7, 2022 | Multifamily
Long Island, NY-based CLK has acquired a 201-unit multifamily development of 20 buildings in Mobile, AL for $15.8 million ($78,600 per unit) in an off-market deal. CLK owns three additional assets in the Mobile market that totals over 1,400 units. Aaron Jungreis and...
by Kipp Gillian | Sep 7, 2022 | Retail
Lakeland Village has completed $23.6-million purchase of two Extra Space Storage facilities totalling 136,994 square feet in the Charlotte submarkets of Mooresville, NC and Salisbury, NC. Extra Space Storage operates both facilities as a third-party manager. Morgan...
