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Related acquires 3,000-unit apartment portfolio in Midland and Odessa, Texas, capitalizing on opportunity to deliver institutional-quality management and multi-family rentals
Related Companies today announced that the Related Real Estate Recovery Fund has acquired a portfolio of 21 multi-family apartment properties, including approximately 3,000 apartment units in Midland and Odessa, Texas. Related expects to improve the portfolio by implementing institutional-quality…, About the Related Real Estate Recovery Fund:, The Related Real Estate Recovery Fund closed in January 2012 after raising $825 million in equity commitments – exceeding its $750 million target. It was among the largest U.S. real estate vehicles raised in 2012. Fund investments include diverse properties across the real estate spectrum such as:…, About Related:, Related Companies is the most prominent privately-owned real estate firm in the United States. Formed over 40 years ago, Related is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales…
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Espaira at Parasol Park
Espaira is the second 100% affordable family development located in Irvine's Great Park Neighborhoods. A partnership with FivePoint and New ETHIC, Espaira consists of 84 affordable apartments for low-income families on 5.35 acres, complete with a 4,000-square-foot leasing and social services…
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Luminaira at Parasol Park
Luminaira is the first 100% affordable family community located in Irvine's Great Park Neighborhoods and the second affordable community to be developed by FivePoint, Related and Riverside Charitable. Luminaira consists of 82 affordable apartments for low-income families on 5.35 acres along…
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Luxaira
Located in the master planned community of Great Park Neighborhoods, Luxaira is the second affordable senior community developed in collaboration by FivePoint, Riverside Charitable and Related California. Luxaira is a community of 157 apartments on 4.94 acres with a leasing and social services…
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Solaira at Pavilion Park
Solaira at Pavilion Park, located in the master planned community of Great Park Neighborhoods, is Irvine's first new affordable senior housing community in nearly 20 years. A collaboration between Related California, Riverside Charitable Corporation and Five Point Communities, this LEED Gold…
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First affordable family housing opens at Irvine’s Great Park neighborhoods
The Luminaira and Espaira apartment communities feature clubhouses, a pool and a dog park.
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Montaira
Located on 5.12 acres in the master planned community of Great Park Neighborhoods, Montaira is the third affordable senior community developed in collaboration by FivePoint, Riverside Charitable Corporation and Related California. Montaira will be a community of 165 apartments with a leasing and…
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Rainbow Housing Assistance Corporation continues to offer access to Fannie Mae’s healthy housing rewards program with Related Affordable partnership
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