News Updates

Hilltop Residential Expands into Florida and Georgia Markets

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Hilltop Residential, a Houston-based multifamily real estate investment company, has brought in Craig Marbach as executive vice president. Marbach will help lead the firm as it extends its portfolio into the Southeast, specifically the Georgia and Florida markets. Craig previously served as managing director at Venterra Realty Management, where he was responsible for acquiring 11,198 units through 40 deals in the Southeast during his 13-year tenure. Since launching in 2017, Hilltop Residential has acquired 15 assets and 4,100 units in major Texas markets, totaling over $600 million. It recently closed Fund IV, which provides an additional $500 million in buying power. Author admin View all posts

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Neighbor.com has expanded into Dallas, Texas, the second-largest self-storage market in the nation. The company offers a sustainable alternative to traditional self-storage that allows local residents to rent out extra space in their homes to their neighbors. The arrangement allows homeowners to accumulate monthly passive income. “Texas is the second largest self-storage market in the United States, so it’s fitting that Neighbor’s peer-to-peer storage marketplace has grown organically in Dallas, where many homeowners are looking for reliable passive income and renters want to save an average of 50% on storage,” said Joseph Woodbury, CEO and co-founder of Neighbor.com. “Neighbor.com has been rapidly expanding by word of mouth across the U.S., but now is the right time to build out our community management team in Dallas to bolster access to storage for one of the most in-demand storage regions in the country. This team, along with our increased investment in new front- and back-end technologies, will ensure DFW residents continue to have unmatched access to safe and affordable storage options.” Neighbor connects “renters” in need of storage space with “hosts” in their neighborhood who are willing to lease extra storage space in their home or garage. Renters can store anything from boats to furniture to boxes of extra stuff in nearby basements, sheds and garages for half the cost of traditional storage options. Author admin View all posts

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Homesnap has introduced All-New Homesnap Pro, the next generation of its home search platform. Homesnap, which offers a national home search platform that provides MLS data in real time, says that the newest version provides real estate professionals with more than 500 data sources on a single platform. One of the platforms features is Off- Market Marketplace, which uses machine learning to assign homes a “Likelihood to List” score. Author admin View all posts

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San Francisco-based real estate firm Hamilton Zanze has acquired two apartment communities in Columbia, Maryland, including the Timbers at Long Reach apartments and the Chimneys of Cradlerock. The deal closed Dec. 31, 2019, with seller Aimco. HZ now owns and operates six residential apartment communities in the D.C. metro area. HZ’s capital improvements plans for the properties include exterior maintenance and improvements, landscaping and interior unit renovations. At the Chimneys of Cradlerock, the property will receive upgrades to its community amenities and security systems as well. Author admin View all posts

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Phoenix American Financial Services has announced a new client partnership with Old Greenwich, Connecticut-based Forum Partners. Phoenix American will support Forum with its full fund administration services suite, including fund accounting as well as its investor services platform. Forum invests in and alongside specialized middle market real estate companies with a demonstrated ability to add value. Phoenix American Financial Services provides fund administration, back office outsourcing services and sales and marketing reporting services to companies in the alternative investment industry. Phoenix American was founded in 1972, has five offices worldwide, including its headquarters in San Rafael, California. Author admin View all posts

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Roc Capital, the New York-based capital provider for private lenders serving small and middle-market real estate developers, has formed Roc360, a holding company for the suite of products and services it will provide to its clients. The new name communicates the firm’s offerings as a full life-cycle platform for real estate investors and accompanies the broadening of Roc360’s suite of products and services. These include lending (this business will continue to operate under the Roc Capital brand), property insurance, title insurance and benefits offered by Roc360’s corporate partnerships. Author admin View all posts