The Kingly Group

The Kingly Group is pleased to announce the sale of Retreat at Stone Mountain Apartments, a 212 unit Class B apartment complex in Atlanta, GA. The property was originally purchased in March 2019 for $14,200,000. It underwent $1,000,000+ in renovations. This sale marks Kingly’s 2nd disposition and our 4th transaction in the Atlanta market. Thank you Barden Brown and the Greystone Brown Realty Advisors team for making this a smooth transaction and getting this deal sold at a record breaking price of $26,394,000. 85%+ above our original purchase price. Great team effort with our partners on helping execute the business plan. Best wishes to the buyers Yossi Kagan and Levi Polter with Zevulon Capital, Inc. with their new acquisition. Congratulations to our investors on this deal! Video case study coming soon. Looking forward to continued growth!

Tricon Residential entered into a $5 billion joint-venture agreement with Teacher Retirement System of Texas, Pacific Life and one other existing institutional investor to acquire over 18,000 single-family rental homes in the U.S. Sun Belt over the next three years. The joint-venture will serve as the successor to Tricon’s existing single-family rental joint-venture.

Tricon announces $5B JV to acquire over 18,000 single-family rentals | Real Estate Weekly The Joint Venture will have an initial equity commitment of $1.4 billion

Blackstone and AIG have agreed to a massive deal involving the sale of $5.1 billion in affordable housing assets.



Source: The Real Deal

Blackstone Buys $5.1B in Affordable Housing from AIG The deal between AIG and Blackstone was part of a larger transaction in which AIG sold a 9.9% stake in its life and retirement business.