SALE Learn More: https://lnkd.in/ecm3ZdKF IMAGE: Ron Zeff & Benjamin Schall DATE: 07/17/2024 ADDRESS: 45 Stuart Street MARKET: Boston, MA ASSET TYPE: Multifamily BUYER: Ron Zeff - Carmel Partners SELLER: Benjamin Schall - AvalonBay Communities SALE PRICE: $212,000,000 UNITS: 398 ~ PPU: $532,663 NOTE: Carmel Partners acquired a 398-unit luxury apartment tower, AVA Theater District, in Boston's Theater District for $212 million, rebranding it as Luka on the Common. #Boston #RealEstate #Massachusetts #Multifamily #AvalonBayCommunitiesInc #BenjaminSchall #RonZeff #CarmelPartners #TradedBoston
Traded: Boston’s Post
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Embarking on a journey through Tampa’s most coveted neighborhoods! 🌟 From the rich history of Tampa Heights to the bustling waterfront of Channelside, and the upscale allure of Hyde Park, here are my top 3 picks for prime real estate in Tampa. #irwincollective #tamparealtor #tamparealestateagent #luxuryrealestate #realestate #tamparealestate #realestateagents #tampabay #tampa
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Dive into the newest trends in North Park's real estate scene with us! Get the inside scoop on what's happening in this dynamic San Diego community and uncover exciting opportunities. Ready to talk about your North Park real estate dreams? Reach out, and let's make them a reality! 👭 Z and Mary McT, Realtors 🏠 McT Real Estate Group 🤝 Big Block Realty ☎ (619)736-7003 🌐 https://lnkd.in/gevmX4AT #mctrealestategroup #sandiegorealtor #sandiegorealestate #realestate #northpark #marketupdate #northparkupdate #propertytrends
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👉 Join Adriano, Founder & CEO of RexMont Real Estate, and Kelly Hanson, host of New Day NW on King 5. They'll unravel the complexities of Tenancy in Common (TIC), a concept that's becoming increasingly favored as a creative response to Seattle's challenging housing affordability issues. 👉 In this deep-dive discussion, they'll weigh the advantages and drawbacks of TIC arrangements, highlighting why more and more Seattle residents are considering this approach in the city's dynamic real estate landscape. To Watch the Full Video Click link in first comment 🎥 #seattlerealestate #seattlehomes #realestate #realestate2024 #sellingseattlehomes
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Yesterday, we looked at the average price of one-bedroom apartments at the end of 2023. Today, we will look at studio apartments for the same period of time. Both types of apartments account for the majority of units in Brooklyn. Although we are not a rental agency and only broker investment sales, knowing the market is critical to advising our clients and helping them build wealth. Otherwise, what else is the value of a broker? #realestatebroker #brooklyn #bk #brooklynapartments #brooklynresidential #dhcr #brooklynreent #nycrent #nycapartments #realestateinvestment #realestatesales #investmentsales
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Want the latest on Orland Park's housing market? I've got you covered. Homes are selling fast, with a slight dip in January and a recent uptick in February. Thinking of selling? Now might be the time, act quickly! You can also Call/text me Stacey Jennings at 📞 312-310-6718, And don't forget to subscribe to my YouTube channel, "Living in Naperville" for valuable insights on real estate! https://lnkd.in/gJAyGGD8 #OrlandParkRealEstate #MarketUpdate" #CTTeam #Orland Park
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Gramercy Park, a historic gem in Manhattan, beckons homebuyers and real estate investors. This exclusive enclave, centered around one of New York's last private parks, offers old-world charm and modern sophistication. Our latest housing report explores sales trends and rental data in this coveted neighborhood. Discover why Gramercy Park allures refined investors seeking prestigious properties with timeless appeal. 🗝️ #ColumbusInternational #HomeisWhereWeAre #GramercyPark #RealEstate #NewYorkCity #LuxuryLiving #PropertyTrends #RealEstateInvestments 🌳
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Congratulations to Mr. Spieker, a respectful “god father” in the Bay Area local community of Multifamily investors. Though I never got a chance to talk to Mr. Spieker personally, I got chances to compete with him on some small deals, e.g., I offered 3.45M for a 9-plex and lost the final round against his offer at 3.5M. It makes me happy, because I got the chance to calibrate my underwriting model with a respectful investor who has 50-year experience in this “game”, and I know my underwriting model probably won’t let me overpay for a deal in this market. I still don’t get why Mr. Spieker still compete with others in small deals, maybe investorment is his hobby, and he likes to pursue great deals no matter the size. Following his transactions, I can further calibrate my underwriting model and make offers for other deals wisely. For example, I was offered the off-market opportunity to buy a small portion of the portfolio below, so I know the financial performance of these properties, and the final transaction shows a 9.78 GRM, which indicates that this is a great deal given the location, condition and potential of these properties. That gives me confidence of getting great deals at Mr. Spieker’s standard (actually, I have got two deals done in H1 at similar go-in GRM yet less ideal locations). Also, it is good to see he has purchased around $100M deals in the last 15 months in Pennisula and South Bay, where I focus my investment. It boosts my confidence to keep investing in these locations. updated (07/16): from multiple info sources, the transaction price was $76M ($53.6M in cash and $22.4M assumable loan), which makes this deal more reasonable, leading to $378k/unit, 13.87 go-in GRM.
SALE Learn More: https://lnkd.in/e5NAawdy IMAGE: Richard Spieker DATE: 06/20/2024 ADDRESS: 3135 Campus Drive, 1300 Overland Drive, 3214 Palos Verdes Court, 1333 Palos Verdes Drive & 1241 West Hillsdale Boulevard MARKET: San Mateo ASSET TYPE: Multifamily BUYER: Catherine Spieker; Richard Spieker - Spieker Companies, Inc. SELLER: Axel V. Johnson - San Mateo Investment Company SALE PRICE: $53,600,000 UNITS: 201 ~ PPU: $266,667 NOTE: Spieker Companies has acquired a 201-unit apartment portfolio in San Mateo for $53.6 million from San Mateo Investment Company. The portfolio's largest property, Oakview Apartments, sold for nearly $20.8 million, with other assets including Glendora Apartments, Crown Towers Apartments, The Pines Apartments, and Westwood Apartments. #LosAngeles #RealEstate #tradedla #LA #LosAngelesRealEstate #California #LARealEstate #CaliRealEstate #SanMateo #Multifamily #AxelVJohnson #SanMateoInvestmentCompany #CatherineSpieker #RichardSpieker #SpiekerCompanies
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Real Estate Broker @ Broadway Realty | Real Estate Broker/Sales Agent/Property evaluation expert/market analysis.
When Is The Best Time To List Your New York City Property? Contact me to discuss the latest scoop in real estate! #NYCRealEstate #NYCHomes #ManhattanRealEstate #LuxuryLivingNYC #NYCCondos #UrbanLiving #NYCProperties
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Real Estate Broker @ Broadway Realty | Real Estate Broker/Sales Agent/Property evaluation expert/market analysis.
Buying in New York City? This Neighborhood Map Shows What You Need To Earn To Afford a Home Contact me to discuss the latest scoop in real estate! #NYCRealEstate #NYCHomes #ManhattanRealEstate #LuxuryLivingNYC #NYCCondos #UrbanLiving #NYCProperties
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Real Estate Broker @ Broadway Realty | Real Estate Broker/Sales Agent/Property evaluation expert/market analysis.
Finding Robust Returns In New York's Co-Living Real Estate Sector Contact me to discuss the latest scoop in real estate! #NYCRealEstate #NYCHomes #ManhattanRealEstate #LuxuryLivingNYC #NYCCondos #UrbanLiving #NYCProperties
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