NASHVILLE, TN – CapStack Partners, the alternatives-focused investment bank and investment advisor, announced the acquisition of a three-property, 475-unit multifamily portfolio in Nashville, Tennessee.

This is the first transaction that CapStack has executed within the scope of the investment mandate it secured in August to buy value-add and opportunistic multifamily assets across the Southeast, both directly, as well as with established local operators and developers. CapStack partnered with MACC Venture Partners, a Southeast-focused multifamily operator, to complete this transaction.

“This acquisition directly aligns with our investment parameters,” said David Blatt, CEO of CapStack. “Each property is exceptionally well-located, has a stable operating history and offers a significant value-add opportunity. We intend to reposition the portfolio into high-quality workforce housing to capitalize on the strong demand for this type of product in Nashville.”

The Nashville portfolio includes The Vistas, a 205-unit property; Fawnwood Apartments, a 158-unit property; and Archwood Meadows, a 112-unit property. The garden-style communities are located in desirable, high-growth submarkets of Nashville. CapStack plans to implement a multi-million dollar renovation and repositioning program across the portfolio to unlock embedded value and cash flow opportunities.

Blatt continued, “When I launched CapStack, the broader vision was always to build an institution that blends highly informed capital markets advisory with investment management solutions for clients seeking alternative investments like real estate. Over 2017, we managed to achieve this goal through a series of strategic initiatives that have strengthened our platform, diversified our offerings, and positioned us for continued growth into 2018.”

CapStack loved a banner year in 2017, having successfully grown and diversified its business to meet the needs of its evolving roster of clients. Most notably, CapStack launched its agency loan origination platform in March and added investment advisory to its financial services capabilities in July, enabling it to tailor and manage investment solutions on behalf of its clients.

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LOS ANGELES, CA – After over a half-century as a sophisticated leader in urban workforce housing in the San Francisco Bay Area, Mosser Companies is proud to announce a thrilling new chapter. As the company has grown and sharpened its abilities, it has become apparent that ever more markets are ready for Mosser’s proven strategies in the value-add, multifamily real estate space. In addition to thriving properties in San Francisco and Oakland, the company has now established a strong presence in Southern California’s premier locale: Los Angeles. 

Mosser Companies has bought 6 properties in the Los Angeles area in some of the most preeminent locations nearest to and including Downtown LA. Across West and East Hollywood, from Koreatown to Westlake and Mid-Wilshire, the Mosser name will mark the region’s best in urban living. Mosser Companies’ experienced team is ready to take on this exciting new frontier where the glitz and glamour of Los Angeles provides the newest backdrop for our proven urban management expertise.

As with Mosser’s Bay Area properties, there will remain a continual focus on serving a dynamic, industrious renter base with living that offers proximity to all of city life’s necessities and conveniences. Much like their counterparts in Oakland and San Francisco, residents of Mosser properties in LA will delight in contemporary living in quick-growing areas, boosted by a long history of successful development and management.

“We are excited about these initial acquisitions, as they are a perfect fit with our portfolio as we look to grow our presence in Los Angeles. We look forward to modernizing these properties while maintaining the character of the neighborhood. As always, we’ve got an eye on enhancing the living experience for current and future residents as well as that of our new neighbors,” says Neveo Mosser, CEO of Mosser Companies and Co-Founder and CEO of Mosser Capital. 

Mosser’s deep focus and expertise in this field promise continually strong performance, even throughout economic downturns, thanks to proven techniques that have made Mosser a top name in the highly competitive Bay Area. 

“The Los Angeles market is one we’re all extremely excited to work within. Mosser Companies’ emphasis on transforming undermanaged properties in supply-constrained markets makes this latest step a particularly attractive opportunity for investors. We’ll continue to seek risk-adjusted returns through the acquisition, improvement and repositioning of multifamily properties in these highly promising emerging neighborhoods in Los Angeles,” said Co-Founder and Principal of Mosser Capital, Jim Farris.

Leadership was effusive with praise for the entire team. “Nothing gets done in this business without having the right personnel in place,” continued Farris. “That we were able to expand Mosser’s regional footprint so effectively is a testament to our truly dedicated and talented team.”

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AURORA, CO – Inland Real Estate Acquisitions that it negotiated and closed the buy of Après Apartments, a 408-unit multifamily property located in Aurora, Colorado, an eastern suburb of Denver. Mark Cosenza, senior vice president of Inland Real Estate Acquisitions, LLC, completed the deal, with help from David Neboyskey, assistant vice president and associate counsel of The Inland Real Estate Group, Law Department, on behalf of an Inland affiliate.

Located at 1503 South Galena Way, Après Apartments consists of 17 three-tale buildings with 196 one-bedroom and 212 two-bedroom units. Community amenities include a recently renovated clubhouse, fitness center, resident lounge, two swimming pools and a pet park. Units feature walk-in closets, a washer and dryer, fireplace and a private balcony or patio.

“Well-situated in Aurora, Après Apartments is located within the desirable Cherry Creek school district and offers residents with quick access to the Denver Tech Center, Buckley Air Force Base, the Denver business district and the University of Denver,” said Cosenza. “Its strong demographics and ideal location, coupled with our knowledge of the market, made this property an brilliant example of the type of multifamily acquisitions we continue to seek out.”

As of December 15, 2017, the property was 95 percent occupied.

With this transaction, Inland Real Estate Acquisitions, LLC has now completed the acquisition of 5,067 units in the Denver metro area. To date, Inland Real Estate Acquisitions, LLC has facilitated more than $45 billion of buys including single-tenant properties, medical office buildings, retail properties and a total of more than $5 billion in apartments.

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