New York, NY (December 3, 2015) – Bluerock Growth Fund (“BGF” or the “Company”) completed the successful sale of Artisan on 18th, a Class A, 153-unit, multifamily development in downtown Nashville, Tennessee. The property sold for $35.2 million, generating a return of two times (2x)...
Bluerock Real Estate's development condominium The Charles has received significant media attention in the last week as the top six floors sold for a total of $58.635 million. “The penthouse was supposed to be the top two floors, but the buyers said that’s not enough space,” said...
The pace of rent growth for U.S. apartments is accelerating despite an uptick in construction of new dwellings, as the economy steadily improves and vacancies remain stubbornly low. Rental rates increased 1% during the third quarter to an average of $1,111 a month nationwide, according to...
Founded in 2002 by R. Ramin Kamfar, Bluerock Real Estate (“Bluerock”) focuses on core-plus, value-add, opportunistic, and development investment strategies while providing retail investors with the opportunity to invest in institutional quality real estate investments. The Manhattan-based company also has offices in Michigan, Idaho, and...
Third Avenue has long been a dividing line on the Upper East Side. “West of Third” serves as shorthand for the stylish neighborhood in the TV show “Gossip Girl,” where private-school girls live in stately Park Avenue co-ops and shop in boutiques along Madison Avenue....
A BenefitsPro.com article provided a revealing investment strategy favored by America’s millionaires. In the article, entitled, “Millionaires’ favorite alt investment: real estate,” a survey noted that millionaire U.S. investors’ favorite alternative investment is real estate. And it was by a wide margin. According to the Investor...
The sale price of Manhattan condominiums set a record in 2013, fueled by trophy properties that helped push prices higher than even the last real-estate boom, city records show. They were driven higher by closings in new condominiums such as Walker Tower, in Chelsea, and 18...
Whatever else can be said about 2013, it marks the end of an era in real estate. After 12 years presiding over a seemingly boundless real estate market — even with a catastrophic crash wedged in the middle — Mayor Michael R. Bloomberg, one of the...
David Cone, the former Yankee and Mets player, recently checked out some full-floor apartments at The Charles, at 1355 First Ave., where sales are handled by Town Residential. Cone — who has five World Series rings and is now a YES Network TV personality — also...
Jason Kidd, the 10-time NBA All-Star — who is not exactly getting stellar reviews in his current role as head coach of the Brooklyn Nets, despite its $100 million payroll — has also been busy house hunting in New York. Kidd was recently spotted leaving Town...
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