The 468-unit, Class B community was purchased by a joint venture of Torchlight, Balfour Beatty Communities and Apex One Investment Partners. In March, Torchlight acquired the $39.2 million Riverchase Landing in Birmingham, Ala. Torchlight investors professional#“The property is in an attractive market, has strong in-place, stable cash flow and is poised to benefit from the continuation of a successful renovation program,” said Zach West, an acquisitions professional at Torchlight, in a prepared statement. The new owners are planning to invest in unit upgrades, including new appliances, flooring in kitchens and baths, as well as granite countertops, new cabinetry and light fixtures. A joint venture between Torchlight Investors and Hampshire Properties has acquired Milestone Apartments, a 576-unit garden-style apartment community in. Completed in 1996, the asset includes one-, two- and three-bedroom units ranging in size from 690 to 1,180 square feet. Nearby public transportation services and Interstate 270 provide easy access to neighboring cities and employment hubs. Torchlight Investors has been managing commercial real estate related debt investments for its institutional clients since 1995. Located at 12526 Great Park Circle, Milestone Apartments is 30 miles north of downtown Washington, D.C. The asset comprises 27 buildings on 32 acres, and the new owners are planning to invest in several upgrades. Torchlight was founded in 1995 to provide investment management services to institutional investors seeking exposure to commercial real estate investments. Torchlight also provided $23 million in financing for the purchase. The number of employees ranges from 1 to 25. Investors in George Kerrs Torchlight Fund are understood to be still debating the finer points of a proposed 15.5 million further cash injection into. Its headquarters is located at New York, New York, USA. The position of the CEO is occupied by Dan Heflin. The company currently specializes in the Investment Management area. A joint venture between Torchlight Investors and Hampshire Properties has acquired Milestone Apartments, a 576-unit garden-style apartment community in Germantown, Md. Torchlight Investors is a investment company company that has been in the industry for 27 years.
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