Woburn, MA - Panther Properties announced that it has completed the sale of the Victoria Manor Apartment community in Lakeland, Florida. Panther sold the 23.3-acre 352-unit Class "A" luxury community for $37.7 million. Panther acquired Victoria Manor Apartments in late 2010. During the 3 1/2 year ownership period, Panther transferred property management from a third-party manager to Panther's own newly-formed management company. Full-control over the property allowed Panther to systematically implement operational improvements.
PANTHER PROPERTIES ACQUIRES 3 CLASS A APARTMENT COMMUNITIES LOCATED IN TWO SOUTHEASTERN MARKETS FOR $75 MILLION
Boston-based Panther Properties Management, LLC, a private equity multifamily investment firm, has acquired a $75 million, three property multifamily portfolio totaling 740 units. The three Class "A" communities consist of Huntsville Parc at the Arsenal (276 units) (formerly Springs at Huntsville) in Huntsville, Alabama, Villas at Grays Creek (238 units) and Carrington at Houston Levee (226 units) in Cordova, TN.
PANTHER PROPERTIES MANAGEMENT LLC BUYS EFFINGHAM PARC APARTMENTS (FORMERLY SPRINGS AT EFFINGHAM) IN RINCON, GEORGIA FOR $30,800,000.
Panther Properties Management, LLC, a private equity Class "A" multifamily investor and developer, announced that they have purchased Effingham Parc Apartments (formerly known as Springs at Effingham), a 352 unit Class "A" luxury apartment community in Rincon, Georgia. The purchase marks Panther's sixth acquisition since 2010; it is their second acquisition in Georgia, the first being Mandalay Villas Apartments in McDonough, Georgia, acquired in the spring of 2011.
Panther Properties Management, LLC, a private equity Class "A" multifamily investor and developer, announced today along with development partner Integra Land Company that construction has commenced on Integra Creek Apartments, a Class "A" apartment community. Integra Creek, a $27.5 million project located on 18.5 acres in Murfreesboro, Tennessee on the Manson Pike and adjacent to Interstate 24, will include 264 units in nine, 3 story buildings consisting of one, two, and three bedroom floor plans, and several carriage units.
Boston, MA and McDonough, GA - Panther Properties Management LLC is pleased to announce its newest acquisition, Mandalay Villas Apartments, in McDonough, GA. The property consists of 300 units situated on 30 acres and was purchased for $28,800,000 from the original developer, Davis Development. Cushman Wakefield's Apartment Brokerage Services represented the seller.
The latest in a string of Class "A" multifamily buys, Boston-based Panther Properties has acquired Lakeland's Victoria Manor Apartments for $36.5 million. Built in 2006 and offering 352 units, the property sits on 23.31 acres between Tampa and Orlando.
The Federal Deposit Insurance Corp. (FDIC) has completed more than $1 billion in CRE property sales this year ($979 million in commercial properties and $81.2 million in multifamily), according to its latest release of data. The data is through October. Through the same time period last year, the FDIC had completed $238 billion in commercial property sales and $60.5 million in multifamily sales.
Panther Properties Management LLC, specializing in the acquisition, development and operations of class "A" multifamily properties, is pleased to announce its newest acquisition, Avalon Apartments, in Pensacola, Florida. The property consists of 276 units situated on 15.9 acres and was purchased for an undisclosed amount from Bank of America. Southeast Apartment Partners Multifamily Investment Sales team represented Bank of America.
Panther Properties Management LLC, specializing in the acquisition, development and operations of Class "A" multifamily properties, is pleased to announce its newest acquisition, Venue Apartments, in Orlando, Florida. The property consists of 306 units situated on 27.83 acres and was purchased for approximately $26,500,000 from the FDIC as part of their take over of IndyMac Bank.
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