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...
Apartment Buildings|New York & Tri-State|May 1, 2025
Haussmann Development has closed a $40.75-million refinancing loan from ACRES Capital for The Eve, a fully electric, mixed-income residential project at...
According to the National Multifamily Housing Council, 93.3% of apartment owners and operators experienced application, financial and identity fraud. Deception...