Press releases for multifamily investment

Orange County Based Firms Real Estate Partners Sells Multifamily Portfolio for $166,000,000 to CORE Realty (2006-07-13)
Real Estate Partners, Inc., a national real estate investment and management services company specializing in the acquisition, repositioning, management and disposition of high-growth properties based in Irvine, Calif., announced today the $166,000,000 sale of a multifamily portfolio consisting of eight properties totaling approximately 2,400 units to CORE Realty Holdings, LLC of Newport Beach, Calif. The properties are located in North Carolina and Virginia. The sale of this portfolio completes the investment cycle two years earlier than projected and is an example of Real Estate Partners’ team’s efforts to provide stabilized above-average returns to their investors and joint venture partners.

Real Estate Partners Grows Value of Its Multifamily Portfolio With 2,500-Unit Renovation; $30-$35 Million in Total Renovation Costs (2006-04-18)
Real Estate Partners, Inc., a national real estate investment and management services company specializing in the acquisition, repositioning, management and disposition of high-growth properties, announced today it is renovating approximately 2,500 apartment units in properties located in Texas, Louisiana and Arizona. The extensive renovation effort, which is estimated to cost $30-$35 million, is expected to boost rent rates in the five affected properties by as much as 15-20%.