CBRE has arranged the sale of the 320-unit multifamily community FIVE46 on behalf of a joint venture between Security Properties and funds managed by Oaktree Capital Management, L.P.
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COMING SOON: “ALEXA, PAY MY RENT”
Zego inks deal with S2 to bring smart home hubs to 30,000 apartments. Through the arrangement, smart-home enabled units will include an Amazon Echo, which will enable residents to control smart home devicmart locks, lights, thermostats and wall plugs with the Zego app, or simply by asking Alexa.
BID ALERT: MORE THAN $20M IN RENOVATIONS SLATED FOR THESE 3 APARTMENT COMPLEXES
Addison, Texas-based S2 Capital LLC — which bought Grandview Pointe, Lakeview Pointe and Lake Jasmine apartments for $124.5 million on Sept. 7 — is sinking roughly $21 million in renovations into the properties.
NEXT GENERATION HONOREE: S2 FOUNDER SCOTT EVERETT TAKES RAGS TO RICHES PATHWAY
In the annals of pulling yourself up by your own bootstraps, Scott Everett’s story offers a particularly inspiring example. Connect Media’s second annual Next Generation Awards recognize young leaders in the commercial real estate industry who are likely to be influential for years to come.
SCOTT EVERETT DOESN’T THINK HE HAS A “SECRET SAUCE” FOR HIS MULTIFAMILY ACQUISITION FIRM.
But the fact that the 29-year-old has grown S2 Capital into a $1.7 billion portfolio that has renovated more than 18,000 apartment units across Texas and Florida since 2012 might say otherwise.
JLL’S MARK BRANDENBURG SECURED FINANCING FOR THE HIVE.
Freddie Mac provided the loan for S2 Capital for the 386-unit multifamily property at 6003 Abrams Road in Dallas.
