AUSTIN, TX – Kuper Sotheby’s International Realty is now the first brokerage in the State of Texas to close on a home bought entirely with the well loved cryptocurrency, Bitcoin.

Finalized mid-summer and bought for an undisclosed sum, the newly built custom home boasts grand entertaining areas, a kitchen fit for a chef, lavish master suite and a finely landscaped backyard. Located in the central part of Austin, Texas, the property is just a few miles away from a vibrant and culturally-rich Downtown – widely known as the Live Music Capital of the World and a growing hot spot for technology companies.

Sheryl Lowe, a Broker Associate of Kuper Sotheby’s International Realty and the agent who represented the buyer in the sale noted, “In all of my 33 years of closing transactions, I honestly couldn’t have expected something so unique to go so smoothly. In a matter of 10 minutes, the Bitcoin was changed to US Dollars and the deal was done!” She continued, “Of course, it helped to have the right team behind this – Laura Pagnozzi of Independence Title was a key player in keeping everything together.”

Made in January of 2009 by a collective of anonymous cryptography and computer science experts using the alias “Satoshi Nakamoto”, the early years of Bitcoin were steeped in mystery and experienced dramatic price fluctuations. The cryptocurrency gained widespread international attention in 2013 as currency speculators raced to buy and subsequently profit off the new goldmine, which led to crashes in April and December of that year. For those long term investors who remained faithful, but, Bitcoin is back in the news for reaching record highs and at the time of this writing, one Bitcoin (BTC) is valued at over $3,429 (USD).

J Kuper, Principal Broker of Kuper Sotheby’s, couldn’t be more ecstatic about the sale. “I’m always impressed by the brilliant work our associates do to service their clients’ unique situations,” he said. “As Austin matures into becoming the United States’ next technology metropolis, our associates at Kuper Sotheby’s keep at the forefront of new trends and Sheryl demonstrates this in stellar fashion. Her ability to facilitate this sale is no better proof of that.”

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NASHVILLE, TN – Emma Capital Investments announced the acquisition of Newport Apartments, a 235-unit community located at 1901 Murfreesboro Pike, Nashville TN 37217.  The property was bought at a buy price of $21,000,000.

This is Emma Capital’s first buy in Nashville and its 26th acquisition in the U.S., bringing Emma Capital’s total acquisitions to date to over 6,250 apartment units.

Located along Interstate 24 and Murfreesboro Pike Road, Newport Apartments is situated on 21.58 perfectly landscaped acres and offers five different floor plans made up of 163 one-bedroom units and 72 two-bedroom units. Units feature balconies/patios, walk in closets and washer/dryer connections.

The Property features attractive amenities including a swimming pool, business center, playground, dog park, picnic area, volleyball court, tennis courts, and a laundry facility. All the units at the Property feature original classic interior finishes or minimal upgrades, making the asset a strong candidate for unit interior renovations by enhancing and modernizing the finishes and appliances.

“We are very excited about this acquisition,” stated founding Partner and Co-Owner Haya Zilberboim. “The Property’s location, just Southeast of downtown Nashville, offers renter’s quick downtown accessibility while providing affordable rent options, as well as being ideal for those working close by at the airport and businesses located along I-24. The area is known as a vibrant industrial and commercial area anchored by the Nashville International Airport, which is undergoing a major expansion project. We are looking forward to bringing Emma Capital’s unique approach to enhancing Property attractiveness and improving tenant services to the Nashville market.”

“We are thrilled about our expansion into Nashville,” added Partner and Co-Owner Oz Cohen.  We are now firmly established in a multitude of South East markets including Atlanta and Charlotte.  Investing in such a dynamic growth-oriented city such as Nashville is a natural progression.  Newport provides us with a strong asset upon which we can build our Tennessee portfolio as well as a strong base as we continue to expand into other nearby markets such as Louisville and Indianapolis.”

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WILMINGTON, DE – LNWA, a leading developer, owner and manager of affordable housing, has closed on financing to modernize a 122-unit affordable apartment community for seniors in New Castle County, Delaware.

“The acquisition of Chelten Apartments continues our long-term commitment in New Castle County. The push to modernize our portfolio of senior specific affordable housing is an outgrowth of recent strategic plotting initiatives,” said LNWA Vice President and Developer Sean Kelly. “The rehabilitation of Chelten Apartments will not only significantly improve the quality of life for residents, but also protect the apartment community’s affordability for decades to come.”

LNWA will act as development project manager and general contractor for the project. Tax Credit equity investment is being provided by The Richman Group in conjunction with Learn Bank. The Delaware State Housing Authority facilitated the transaction by issuing bonds and Low-Income Housing Tax Credits. Citi Community Capital will provide construction and permanent financing through a direct buy of the tax-exempt bonds.

“The development is an brilliant example of how public-private partnerships can complement the revitalization of neighborhoods and provide greater opportunities for individuals and families,” said Learn Bank President James J. Roszkowski.

Construction starts in late-September 2017 and will be completed by late 2018.

The comprehensive rehabilitation will bring a complete roof replacement, new energy efficient windows, Energy Star air conditioning systems, modern elevators, and updated appliances to significantly improve building efficiency. The apartments will also be given various aesthetic and functional upgrades including, but not limited, to 7 fully modernized, handicapped accessible units.

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