News Updates

Hamilton Zanze Acquires Two Maryland Apartment Communities

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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

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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

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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

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First American Financial Corporation, a provider of title insurance, settlement services and risk solutions for real estate transactions, has launched Endpoint, a mobile-first title and escrow company that provides a reimagined closing experience for buyers, sellers and their real estate agents. Developed as a new stand-alone company, Endpoint combines First American’s title and settlement expertise with the innovative approach of an agile startup to provide a digital real estate closing

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Pembrook Capital Management LLC has closed a $10.6 million financing package for the acquisition and rehabilitation of five properties totaling 105 units in Los Angeles. The financing was structured as a $6.2 million first mortgage loan for the acquisition of 25 units located at 14949 Roscoe Boulevard and a $4.2 million preferred equity investment for the acquisition of 825-833 East 108th Street (22 units), 6121 Crenshaw Boulevard (17 units), 6736-6800

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Workspace provider Novel Coworking has added two new floors of SmartSuites at the Minneapolis TriTech Center location, totaling nine new suites and 17,000-square-feet of new space. In 2019, the company debuted its SmartSuites technology-enhanced private suites, which feature a combination of private offices and collaborative open space, dedicated kitchen and conference room facilities. They also offer integrated technologies such as Alexa-enabled sound system and biometric keypad entry. The Minneapolis TriTech