News
Square Mile Capital Management LLC today announced that it had originated a $108.5 million acquisition loan secured by Riverworks, a 6-story, Class A, 306-unit trophy multifamily building located in Savannah, GA. The asset, which also features 30,000 square feet of street-level retail, was purchased for $153 million by JEM Holdings, a New York-based real estate owner and operator led by Mikael Levey and Jessica Saks.
Cushman & Wakefield announced the commercial real estate services firm has arranged the $75 million sale of Country Club, a 454-unit apartment community located in Charlotte, North Carolina.
The company has purchased the 310-unit Eddy at Riverview Landing in Smyrna, Ga., which was completed earlier this year.
Cushman & Wakefield has arranged the $68.2 million sale of The Eddy at Riverview Landing, a 310-unit apartment community located in Smyrna, Georgia, part of Metro Atlanta. Robert Stickel, Alex Brown and Ashlyn Warren of Cushman & Wakefield represented the seller, Prestwick Companies, in the transaction. JEM Holdings, a New York-based real estate investment management company, acquired the newly developed multifamily asset which is currently in lease-up.
Real estate investment firms JEM Holdings LLC and Varden Capital Properties are partnering to form Fortis Property Management. In addition, JEM has also purchased a 50 percent interest in property management company Hammond Residential Group.
Newmark arranged the sale of The Monroe, a 223-unit new-build multifamily asset in Austin near the burgeoning East Riverside Corridor. The property sold for an undisclosed price and is still under construction.
Cushman & Wakefield arranges $184.6 million in sales, acquisition on behalf of JEM Holdings
Cushman & Wakefield represented the two sellers whose combined portfolio in Georgia and North Carolina totaled 872 units.
Watson Bryant, Paul Marley and Hunter Bowling facilitated the disposition of the 400-unit community on the city's northern side.
An apartment community in northwest Raleigh has changed hands in a nearly $20 million deal, about $6 million more than the previous sale price from 2018.
