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The developers received a $39.5 million constructive loan to build a 10-story office building at 76 Eighth Ave.

The appointment will allow Steve Quick to completely focus on the global platform and initiatives.

Completed in 2017, The Henry at Fritz Farm features a mix of one-bedroom, two-bedroom, and three-bedroom flats with modern design elements including open-concept floor plans, nine-foot ceilings, plank flooring, oversized patios or balconies and oversized windows.

The firm's plans for the property at 1221 Broadway include an office tower that would feature anywhere from 350,000 square feet to 500,000 square feet of office space.

The portfolio, which also contains a Northern Virginia sub-portfolio, is the largest multifamily transaction in Philadelphia to date, according to Morgan Properties.

An entity of BRT Apartments in which the firm has a 65% interest, has purchased the 312-unit Vive at Kellswater community for $48.1 million, including $33.4 million of mortgage debt assumed in connection with the acquisition.

The deal increases Blue Magma's Atlanta area portfolio to 3,000 value-add units purchased by the firm in less than four years at a cost in excess of $133 million.

The two companies together will have approximately $475 billion of assets under management.