REAL ESTATE TECHNOLOGY
prnewswire | February 02, 2021
Schottenstein Real Estate Group, one of the biggest land improvement organizations in the Midwest, declares the offer of three of their advancements adding up to $177 million. The Delaware County advancements included are Powell Grand Communities, situated on Sawmill Parkway and Seldom Seen Roads, and Northlake Summit situated at Route 36/37 and I-71, which were offered to Cortland. Furthermore, Central Gardens Grand situated in Palm Beach Gardens, FL was offered to L&L Investors. Overseeing Partner for Schottenstein Real Estate Group, Corey Schottenstein expressed, "Our developments were located in perfect locations for these times in high end suburban areas, and the type of product we develop is probably one of the best real estate investments in the current economic climate."
President of Schottenstein Real Estate Group, Brian Schottenstein says, "Our company has been fortunate to achieve a great year despite the unfortunate Covid pandemic, thanks to all of our employees involved and the nature of our developments. We currently have over 1200 new units in construction, and as our industry continues to boom, more are planned."
Schottenstein Real Estate Group's emphasis on top of the line rental advancements is unequivocally obvious in their new tasks. One of the freshest: Liberty Grand Communities is the principal actually enormous arranged rental local area affirmed in Liberty Township, Delaware County, OH. Freedom Grand Communities sits on 300 sections of land only northwest of Olentangy Liberty High School close to Sawmill Parkway and Home Roads. It incorporates a blend of condos, garden lofts and farm homes, all with a couple of vehicle carports and different recently planned plans incorporating those with first floor main rooms. Occupants can exploit creative conveniences including a 14,000 square foot clubhouse, bocce ball, pickle ball, canine park, putt, a local area garden, resort style pool and lap pool, lounges, fishing wharf, bistros, card rooms and a 24-hour wellness focus. Freedom Summit is likewise in development in Liberty Township, Delaware County, OH. Orange Grand Communities is at present being created as the freshest and most pleasant rental local area ever underlying Orange Township, Delaware County, OH.
prnewswire | October 15, 2020
Auerbach Funds today announced the first close for its third real estate private equity fund, Auerbach Opportunity Fund III ("AOF III"). AOF III initially raised $14.7 million of capital commitments and is focused on opportunistic real estate investments in distressed, mismanaged, or underperforming assets within the multifamily, retail, and specialty class located across the U.S. The first close or "friends and family round" was comprised almost entirely of existing investors from Auerbach Opportunity Funds I & II, and AOF III has a target size of $100 million.
REAL ESTATE TECHNOLOGY
prnewswire | November 12, 2020
Mesirow Institutional Real Estate Direct is pleased to announce the promotion of Ben Blakney to president effective November 1, 2020. Since joining Mesirow Financial in 2014, Ben has held numerous senior positions within the multi-family value-added real estate team, most recently as senior managing director and head of strategic solutions where he led the development and implementation of client solutions and supported the group's growth efforts. IRED is an integral part of Mesirow's Global Investment Management division, with $3.4 billion in AUM, and has invested in approximately 34,000 multi-family units in 23 cities nationwide. Assets are diversified across suburban and urban properties and US geographic regions.