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.
The top storylines in multifamily this week are tools to help with hiring and retention, the property life cycle, holiday decorations and safety, renters insurance compliance, domestic abuse during the holidays and why to avoid hesitation in multifamily sales.
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.
Addison Partners, a real estate investment firm focused on acquiring well-located multifamily properties in strategic growth markets in the Southeast, today announced it has sold three communities totaling 178 units in Greensboro, N.C. The buyer and the sales price were not disclosed.