ECI Group, an Atlanta-headquartered multifamily property development, investment and management firm, has recruited Thomas Rowe as chief financial officer (CFO). He succeeds Ben Engel, who is retiring after 10 years in that role. Rowe joins ECI after serving more than...
Bascom Arizona Ventures LLC (BAZV), a subsidiary of the Irvine, California-based private equity firm The Bascom Group LLC, has acquired Domain 3201, a 289-unit multifamily property in Tucson, Arizona for $45.5 million or $157,439 per unit. Constructed in two phases in...
Neighborhood Ventures (NV), a real estate operator and an online real estate investment company that enables investments in multifamily properties, has acquired Route 66, a 24-unit multifamily property in Flagstaff, Arizona, via a Section 721 UPREIT exchange valued at...
National Multifamily Corp. announced the sale of a six-unit multifamily property in Greenwich, Connecticut, for $2.07 million, or $344,167 per unit. Company president Matt Cawley represented the seller and procured the buyer, a local real estate investor in the...
Neighborhood Ventures, an Arizona-based real estate crowdfunding company, has acquired Venture on 52nd Street, a foreclosed 71-unit multifamily property in the Arcadia neighborhood of Phoenix, for $11 million. The transaction marks the second time Neighborhood...
Inflation Expectations Hit Three-Year High as Rent Outlook Climbs to 6.8%
