Current issue -
Subscribers only
|
|
|
|
|
Volume 4 - Number 4 | February 28, 2006
|
TOP STORY: Prescott Capital Management, TVO Realty Make $110M Gulf Coast Investment
By Sule Aygoren Carranza
Banking on the economic recovery and increased need for housing in the Gulf Coast, Prescott Capital Management LLC and TVO Realty Partners have picked up nine properties in Texas and Louisiana. Gross Investments of Houston sold the 1,550-unit, Class A portfolio for $110 million, which included the assumption of debt.
|
|
INSIDER: David Schwartz of Waterton Associates
By Sule Aygoren Carranza
A joint venture of Chicago-based real estate investment and advisory firm Waterton Associates LLC and the California State Teacher’s Retirement System have launched their third multifamily investment fund. The discretionary vehicle, Waterton Residential Property Fund IX, includes $330 million in equity and has a total buying capacity of about $1 billion.
|
|
Starts Rise in January Too Soon to be Viewed as Trend
By Sule Aygoren Carranza
For the first time in six years, multifamily starts have risen above the 400,000-unit mark. Developers kicked off 427,000 units in January, a 25% increase over the prior month and a 15% hike from the prior year, according to Bank of America research.
|
|
|
|
|
|
|
|
|
