Potential CRE Tax Implications for 2021
By Blaire Butler and Peter Keepper, Essex Financial Group As the presidential election concludes, commercial real estate investors are now strategizing for the future impacts of new taxation policies under a different administration. It is worth prefacing this article with the fact that these changes/proposals are all preliminary at this point, as there …
Affordable Housing Community in Westminster Gets $42M Investment
Westminster’s 252-unit Toscana Apartments, located at 84th and Sheridan, has received a $42 million investment that will ensure the community remains affordable for the long-term. Maiker Housing Partners, a progressive housing authority and socially conscious community developer in Adams County, and The Community Development Trust (“CDT”), a national investor in …
Millionacres Launches New Investing Service
Millionacres, a real estate investing service by The Motley Fool, recently launched Real Estate Winners, a new entry-level offering that helps users build real estate allocations in their portfolios using real estate investment trusts (REITs), real estate equities, a regularly updated list of recommended investments, as well as a healthy dose …
Denver-based Private Equity Firm Acquires Durango Apartment Community for $35M
Trailbreak Partners LLC, a Denver-based private equity firm, has acquired the 171-unit Confluence at Three Springs Apartments located at 150 Confluence Avenue, Durango, from GF Properties Group, LLC for a purchase price of $35.25 million. Confluence at Three Springs, a best-in-class apartment complex, anchors the town center of Three Springs, …
JCR Capital Rebrands as Walker & Dunlop Investment Partners
Walker & Dunlop, Inc. recently announced that two years after acquiring alternative investment manager JCR Capital Investment Corporation, the firm is rebranding as Walker & Dunlop Investment Partners, Inc. (WDIP). Sam Isaacson, who previously served as managing director leading the firm’s investment teams, has been promoted to president and will lead …
California Firm Enters Denver Market with $38M Multifamily Purchase
Trion Properties, a Los Angles-based real estate private equity firm that specializes in multifamily investments in western markets, has acquired The View at North Peak, a 288-unit multifamily community located at 10701 North Pecos Street in Northglenn. The mixed-income property was purchased in an off-market transaction for $38 million. Trion …
Denver-based Investment Firm Adds Four Properties to Mark Closing of Self Storage Fund
Denver-based real estate investment firm VanWest Partners has added four self storage facilities to VanWest Storage Fund I, LLC with the acquisition of three properties in Collierville (Memphis), Tennessee, and one property in Blue Island (Chicago), Illinois. Green & Sons Storage, located in the Memphis suburb of Collierville, was built between 1998 …
Survey Reveals Gender Diversity is Lacking in Real Estate Investing Community
It is widely known that the gender pay gap still exists, with women in the U.S. earning 80.4 percent of what men earned in the first quarter of 2020, but data suggests that the gap for women in the real estate investing industry is just as significant. Ahead of Women’s Equality Day on …
Rodeway Inn Hotel in Loveland Sells During COVID Shutdown
The Rodeway Inn, a 48-room hotel in Loveland, has sold for $2,875,000. The sale took place during the COVID-19 pandemic, which made the financing “extremely difficult,” according to Neville Rustomjee, first vice president investments at Marcus & Millichap’s Denver office. “Many SBA lenders will not finance new hotel acquisitions, and those …
Capitol Hill Multifamily Property Sells in All-Cash Transaction
CBRE has arranged the $1.145 million sale of 1159 Corona Street, a 3,724-square-foot multifamily property in Denver. Robert Bratley with the Denver office represented the buyer, a private local investor, who plans to fully renovate the building. “Denver’s multifamily market remains strong, but cash is still king as evident by this all-cash …