JPI acquires portion of Mosaic site in Downtown Long Beach, plans 272 apartment community
Dallas-based JPI purchased a 1.6-acre section of the property, enclosed by Long Beach Boulevard, Fourth Street, Fifth Street and The Promenade North, for an undisclosed price, according to Urbanize, which first reported the news. A joint venture between Turnbridge Equities, Waterford Property Company and Monument Square Investment Group will retain and develop the rest of the roughly 14-acre site.
Monument Square Investment Group and ARTISAN Capital Group Joint Venture Closes on the Acquisition of College Town Oxford, a 1,018-bed student housing community at Ole Miss
A partnership between Monument Square Investment Group and ARTISAN Capital Group has acquired College Town Oxford (the “Property”). The Property is a 2013-2016-vintage, 1,018-bed (268-unit) cottage-style student housing community located in Oxford, MS approximately 1.7 miles west of the University of Mississippi campus.
Trulo Homes Jenks selected for 2024 CoStar Impact Award for multifamily development of the year in Tulsa.
Trulo Homes, developed by a joint venture between Red River Development and Monument Square Investment Group, was selected by a panel of local industry professionals as the winner of the 2024 CoStar Impact Award for multifamily development of the year for Tulsa.
Monument Square Investment Group, Connecticut Realty Trust and Krown Point Capital Joint Venture Closes on the Acquisition of a Build-to-Rent Site in Bloomfield, CT
A joint venture between Monument Square Investment Group (“MSIG”), Connecticut Realty Trust, and Krown Point Capital (“collectively the “JV”) has acquired an entitled 53.8-acre build-to-rent development site in Bloomfield, CT. The project will mark the partnership’s second investment under its broader programmatic platform.
Wave of Single-Family, Build-to-Rent Properties Crashes Against Northeast’s High Costs
Connecticut Realty Trust recently completed its roughly $25 million “Grand Luxury Homes” project in Granby, which features 23 duplex-style houses and 19 single-family homes available for rent. The development was completed in June and fully leased by August, Kligerman, said.
First 'Horizontal Apartments' Hit the OKC Rental Market
Trulo Homes Quail Village, a single-family, rentals-only neighborhood, the first such development in OKC, is well under way with more than a dozen homes leased at 2145 Watermark Blvd. The project is a joint venture by Dallas-based Red River Development and Monument Square Investment Group in Beverly Hills, California.
SoCal Warehouse Sells for $112M — Almost Double Its 2021 Price
The owners of a 333,572-square-foot warehouse have sold the asset for nearly double what they paid for it just two years ago, adding to the high sales volume in Southern California. MDH Partners paid $112.3 million, or $337 per square foot, for the Harvill Avenue Logistics Center in the Inland Empire, according to data provided by Vizzda.
Monument Square Investment Group Promotes Kris Shepherd to Associate, Investments
Monument Square Investment Group (“MSIG”) has recently promoted Kris Shepherd to Associate, Investments. Kris is primarily responsible for the diligence, market research, and financial analyses of prospective investments across the firm’s verticals.
Waterford, Turnbridge, MSIG gain entitlements for 900 units in Long Beach
Waterford Property Company, Turnbridge Equities and Monument Square Investment have scored approvals from the City of Long Beach to redevelop a shuttered mall into 900 apartments. The City Council unanimously approved the developers’ plan to build apartments and 38,000 square feet of retail across the 14-acre former City Place Long Beach at a meeting on Tuesday night.
Monument Square Investment Group Hires Emily Doan as Associate Vice President, Asset Management
Monument Square Investment Group (“MSIG”) has recently hired Emily Doan as Associate Vice President, Asset Management. Emily will primarily be responsible for overseeing the ongoing management of MSIG’s investment portfolio across its verticals.
Monument Square Investment Group Promotes Spencer Myers and Nate Nearhood to Vice President, Investments
Monument Square Investment Group (“MSIG”) has recently promoted Spencer Myers and Nate Nearhood to Vice President, Investments. Spencer and Nate are fundamental leaders on MSIG’s investment team, and are responsible for managing the sourcing, origination, diligence, and execution of portfolio investments.
Developers Unveil Plans for Former City Place Long Beach
New York-based Turnbridge Equities, Newport Beach-based Waterford Property Company and Monument Square Investment Group, based in Beverly Hills, have unveiled plans for 900 new apartments and 30,000 square feet of shops and restaurants at the open-air mall, the Long Beach Business Journal reported. The trio of real estate investors acquired the beleaguered shopping center in March of last year through the sale of a $63 million loan.