Accentro Real Estate AG, formerly Estavis AG, is a Germany-based holding company engaged in the privatization of residential properties. It focuses on commercially attractive locations in Germany, acquiring, modernizing, and selling residential properties. The company operates in two segments: Trade, which involves buying and selling residential properties and individual apartments, and Portfolio, which identifies housing portfolios with high value-added potential. The major shareholder of the company is Brookline Real Estate Sa rl. Accentro Real Estate AG has announced the preliminary announcement of the publication of its quarterly reports and Q. The company will provide further details in the upcoming publication.
In other real estate news, The Bascom Group, LLC has acquired the Overlook Apartments, a 344-unit multifamily property in Albuquerque, New Mexico. This marks Bascom's first multifamily acquisition in the state. The seller was represented by Northmarq's investment sales team. Bascom recently purchased Avenida Lakewood in Colorado and Texan26 in Texas. The Overlook Apartments is located in the desirable Northeast Heights submarket and offers residents a low-density garden-style community with one- and two-bedroom units. Bascom plans to renovate the unit interiors and enhance the property's exteriors and community amenities. Albuquerque's economy continues to grow and diversify, attracting major tech companies and serving as a hub for various industries. Bascom is a private equity firm specializing in value-added multifamily, commercial, and non-performing loans and real estate related investments.
Olympus Property has expanded its portfolio with the acquisition of Alta Chandler at the Park, a residential community in Chandler, Arizona. The four-story, mid-rise community consists of 291 units and is a significant addition to Olympus Property's portfolio. The acquisition aligns with the company's commitment to investing in top-tier properties in thriving markets. Alta Chandler at the Park is strategically located near the Price Corridor, a prominent economic hub in Chandler, and benefits from its proximity to industries such as high-tech manufacturing, aerospace, and finance. The property offers a range of amenities and caters to modern lifestyle needs. Olympus Property currently oversees a portfolio of approximately 31,000 units across various markets and approximately 5,500 Class A units in the Phoenix metropolitan statistical area.
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