Carolinas

Momentum Real Estate has thus far acquired 4,100 multifamily units valued at more than $550 million.

The development, being built on 56.4 acres in the Southwest industrial market of Charlotte, will total 621,000 square feet and will involve four industrial buildings ranging in size from 58,000 square feet to 223,000 square feet.

In addition to its corporate headquarters at 5332 Avion Park Drive in Tampa, the firm also shut the doors at its other three locations—8888 E. Raintree Drive in Scottsdale, AZ; 450 N. New Ballas Road in the St. Louis suburb of Creve Coeur, MO and 644 Eden Park Drive in Cincinnati, OH.

The firm states that its MVP Fund will focus on middle market real estate-based investments including joint ventures, active or passive investments, urban infill development projects, income producing properties and substantial value-added renovations including historic properties.

Raleigh, NC-based Preiss and a private real estate fund advised by Crow Holdings Capital have closed on the purchase of the 694-bed Luxx student housing complex that serves the University of Texas San Antonio.

The Raleigh, NC-based student housing owner-operator purchased the 288-bed, 58-building complex located less than two miles from the University of Texas—San Antonio, in partnership with Hong Kong-headquartered investment firm Centaline Investment Management Co.