After a sedate start to the year, mergers and acquisitions in the multifamily industry are again gaining significant interest, according to a panel of analysts and executives at the Blueprint Conference in Las Vegas. M&As had dropped off by nearly 70% in the last year.
Sentral, a full-service management company offering any length of stay, today announced its acquisition of Align Residential, a national management firm specializing in innovative residential experiences. The acquisition expands Sentral’s communities to 40, and the company’s network to 15 U.S. cities.
Ashcroft Capital, a fully integrated multifamily investment firm, today announced the acquisition of Elliot Gwinnett Place (formerly Retreat at Arc Way), a garden-style community approximately 20 miles northeast of Downtown Atlanta.
Redwood Capital Group today announced it has acquired Adley City Springs, an apartment community in Sandy Springs, Ga., and Ascent Cresta Bella in San Antonio. The properties were acquired in separate transactions and reflect Redwood’s commitment to aggressive but strategic growth.