The REMM Group Adds 272-Units to Managed Portfolio With The Addition of Riverside and Orange County Apartment Communities

TUSTIN, CA – The REMM Group added evRIA New Diamond Valley Apartment Homes, a 137-unit multifamily community in Hemet and Huntington Cove, a 135-unit community in Huntington Beach to their management portfolio.
The amenity-rich evRIA New Diamond Valley features a BBQ picnic area, business center, controlled access gate, clubhouse, swimming pool, spa/hot tub, night patrol, a dog park and a Parcel Pending locker system. The spacious apartments have open floor plans and feature air conditioning, ceiling fans, in-unit washers and dryers, efficient appliances, extra storage, large closets, and some units include fireplaces.
“Each of these communities have fantastic locations that residents like,” said Sara D’Elia, CEO of The REMM Group, “evRIA is just 15 minutes away from Diamond Valley Lake, and walking distance to shopping plazas, schools and restaurants. Nearby recreational opportunities including Echo Hills Golf Course and hiking trails.
Huntington Cove is just four miles from the beach and a block from Beach Boulevard. It’s close to shopping and recreation and just a small walk to Huntington Central Park East and Talbert Lake.”
The Orange County location offers spacious studio, one, two or three-bedroom floor plans. Living space features separate dining space, dishwasher, bathroom vanity area, large closets, fireplace, enclosed patio, and more. A gated parking area with garages is available. The resort-style swimming pool and covered patio are surrounded by lush trees and landscaping.
Convenience to jobs and schools are also key selling points to residents for the properties. Both are surrounded by schools. Huntington Cove is close to Huntington Beach Hospital and Medical offices, and the 405 Freeway. evRIA is located just off Highway 74, near the retail and service hub at W. Stetson Avenue and S. State Street.
The REMM Group manages 19 apartment communities in Orange County, 14 in Los Angeles County, seven in San Diego County and six in the Inland Empire. This includes the new-build, Citron Apartment Homes, currently pre-leasing in Riverside.

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Sunrise Capital, Zane Holdings, and Goodegg Investments Acquire 351-Unit Royal Spring Apartment Community in Spring, Texas

HOUSTON, TX – Leading commercial real estate firms Sunrise Capital, Zane Holdings, and Goodegg Investments, announced the joint acquisition of Royal Spring located in Spring, Texas. The teams are led by David Davidenko and Julia Bykhovskaia at Sunrise Capital, Iqbal (Ike) Mutabanna and Dustin Howard at Zane Holdings, and Julie Lam and Annie Dickerson at Goodegg Investments.
The investment leads commented: “We are proud to add Royal Spring to our portfolio in Texas. We continue to see strong performance across the state of Texas, including the Houston market – led by population growth, a diverse mix of economic and employment opportunities, and superior quality of life for residents throughout the area.”
“With demand outpacing supply in this market,” they continued, “we have the opportunity through a proven lease-up strategy to optimize the asset and provide quality living in this burgeoning Houston submarket.”
Royal Spring is a newly built 351-unit institutional-quality apartment complex with its final building delivered in May 2021. It is located in the diverse Spring market within a small distance of the soon-to-be Global Headquarters of Hewlett Packard Enterprise and a part of the rapid growth of the northern and western parts of the Houston-The Woodlands-Sugarland MSA.
Royal Spring provides residents with a range of top-of-the-line amenities, including a resort-inspired pool, clubhouse and resident lounge, state-of-the-art fitness facility, outdoor yoga space, high-speed Wi-Fi in all common areas, dog park, bicycle storage, and secure garage parking. Interior amenities include granite countertops, 9-foot ceilings, custom hardwood cabinets, stainless steel appliances, and wood-vinyl plank flooring. The average unit size of 1,007 square feet is significantly larger than average for the area. Royal Spring is located in the Klein Independent School District, recognized as one of the best in the state.
This is the 23rd asset across multiple Texas markets to be added to the collective portfolio for Sunrise Capital, Zane Holdings and Goodegg Investments. Together, this team owns and operates over 7,500 multifamily units worth over $800M across Texas and the Southeast and is uniquely positioned to lead the optimization and growth of this property.

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Harbor Group International and Cammeby’s Investment Acquire Workforce Housing Portfolio for $1.05 Billion in New Jersey

NORFOLK, VA – Affiliates of Harbor Group International, a privately owned international real estate investment and management firm, announced a joint venture with Cammeby’s International Group for the $1.05 billion acquisition of a portfolio of multifamily assets throughout New Jersey. The portfolio consists of 41 workforce housing communities, totaling 5,302 units.
HGI will invest approximately $46 million for capital improvements and enhancements across the properties. The firm will renovate 50% of the interior units and invest in operational improvements throughout the portfolio.
“As we continue to expand our investment platform, the acquisition of the Garden State portfolio represents the large-scale, attractive opportunities Harbor Group International identifies for our investors. This portfolio offers significant value-add potential and mark-to-market opportunity amid growing demand for housing outside of large urban cities,” said Richard Litton, President, HGI. “We are pleased to have an experienced partner in Cammeby’s as we embark on this venture, given their strong presence in the region.”
The portfolio spans 14 cities in North, Central and South New Jersey, with a concentration in Union, Morris and Essex. A majority of the portfolio is located in key suburban markets near major New Jersey employers, including Prudential Financial, Johnson & Johnson, Bayer Corp. and Quest Diagnostics. The portfolio assets are also proximate to other key markets and employment hubs, including New York City and Philadelphia.
Harbor Group Management Company, HGI’s property management arm, will assume the management of 10 assets within the portfolio.
Eastdil Secured brokered the transaction and advised on the debt alongside Meridian Capital Group. Lawrence H. Bryant at Williams Mullen served as counsel to HGI and Steven Fleissig at Greenberg Traurig served as counsel to the seller.
“On behalf of Meridian, it was again an honor and privilege to represent Harbor Group International and Cammeby’s International Group in negotiating financing for this monumental acquisition. Working in direct coordination with Capital One and Freddie Mac allowed us to secure a combination of fixed- and floating-rate financing that provided optimal flexibility in the small-term while allowing them to achieve their long-term goals for the assets,” said Abe Hirsch, Senior Managing Director at Meridian Capital Group.

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