From Vizzda: On 3/18/24 an entity tracing to NexMetro Communities acquired the property for $8,342,500 ($8.79 per SF) from an entity tracing to Harvard Investments. There was no debt recorded with the sale.
NexMetro Communities
Brian Rosenbaum (Chief Development Officer-Phoenix) 602-559-9388 |[email protected]
Other NexMetro news:
NexMetro/Mosaic Team Up on 197-Unit BTR Community (8/22/23)
Bourn Companies announces the completion of Brioso Living, its inaugural rental home project. Situated on approximately 10 acres at the intersection of South Park Avenue and E 36th Street in Tucson, Brioso Living introduces 128 thoughtfully designed rental homes to the heart of the city.
Bourn Companies
Don Bourn (President/CEO) 520-323-1005 | [email protected]
(Principal) 602-694-1127 | [email protected]
The New Mexico State Investment Council has approved a commitment of $100 million to ACORE Credit Partners II (ACP II). ACP II is a commingled fund that invests in real estate debt by originating transitional commercial real estate whole loans for high-quality, well-capitalized operators and private equity sponsors, many of whom are repeat borrowers.
ACORE Capital
Scott Swisher (MD-Head of Western Region Originations) 415-917-4416 |[email protected]
Heitman LLC has raised $652.8 million of investor commitments for its latest debt fund, Heitman Real Estate Debt Partners III. Heitman, which is targeting up to $1 billion for the latest fund, has $50 billion of real estate assets under management.
Heitman
Brian Pieracci (MD-Private Equity NA) 312-855-5700 |[email protected]
The Chicago Teachers’ Pension Fund (CTPF) has approved a $30 million commitment to Heitman Value Partners Fund VI (HVP VI). HVP VI is managed by Heitman and is seeking to raise $1.75 billion with a hard cap of $2 billion. The fund is investing with a value-add strategy in multiple property types in the United States. As of Dec. 31, 2023, 10.9 percent ($1.32 billion) of CTPF’s $12.1 billion portfolio was allocated towards real estate, slightly above its 9 percent target for the asset class.
Heitman
Brian Pieracci (MD-Private Equity NA) 312-855-5700 |[email protected]
Northeastern University has received final approvals from the Boston Planning and Development Agency to build a 23-story student housing community serving its Boston campus. The project, which will include up to 1,300 beds, is being developed in partnership with American Campus Communities…Northeastern University also plans to allocate $1 million to Boston’s Department of Neighborhood Development. This funding aims to enhance housing stability and promote wealth creation in the nearby neighborhoods of the project. The high-rise, which is expected to cost about $350 million, is scheduled to open in the fall of 2028, public records show. Construction is set to begin next year.
American Campus Communities
Dan Crownover (EVP, Asset Management) 512-732-1000 x1071 |[email protected]