Transaction of the Week

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  • The 360-Unit Averly at Flowers Sells for $92 Million in an Off-Market Transaction

    Developer Ardmore Residential Inc. sold The Averly at Flowers, a multifamily property in Clayton, NC, to partners ECI Group and Almanac Realty Investors. Cushman & Wakefield’s Alex McDermott, Hunter Bowling, Charlie Gravina, Rhodes Marley and Paul Marley represented the seller in the $92 million off-market transaction. “ECI was a qualified group that offered the best certainty of execution for this opportunity,” McDermott told ApartmentBuildings.com. He added that ECI Group, headquartered in Atlanta, GA, is on the hunt to expand its...

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Features

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  • Improving Customer Experience & Cash Flow

    May 5, 2025

    Coverage from Connect Phoenix Multifamily, SFR & BTR 2025 Improving Customer Experience & Cash Flow Featuring: Eric Keosky-Smith Director Program...
  • Dealmaking & Financing Update

    May 5, 2025

    Coverage from Connect Phoenix Multifamily, SFR & BTR 2025 Dealmaking & Financing Update Featuring: Mitch Ginsberg CEO CommLoan Moderator Tyler...

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