Bluerock News

View the original article by the East Orlando Post here. Florida Apartment Association reports “Smoke-free multifamily housing is in demand among Florida’s renters. In fact, more than 83% of adults in Florida do not smoke, and four out of five of them would prefer to live in smoke-free housing.” This award coincides with the construction milestone of completing all units, with...

This article was originally published by The Di Wire on 12/04/15. Bluerock Growth Fund completed the sale of Artisan on 18th, a Class A, 153-unit multifamily development in downtown Nashville, Tennessee. The property sold for $35.2 million, generating a return of two times the company’s original equity investment and a net internal rate of return of approximately 35.2 percent, after a...

Bluerock Real Estate's development condominium The Charles has received significant media attention in the last week as the top six floors sold for a total of $58.635 million. “The penthouse was supposed to be the top two floors, but the buyers said that’s not enough space,” said Bluerock CEO Ramin Kamfar. Top Six Floors of New York Condo Fetch Almost $59 Million -...

Founded in 2002 by R. Ramin Kamfar, Bluerock Real Estate (“Bluerock”) focuses on core-plus, value-add, opportunistic, and development investment strategies while providing retail investors with the opportunity to invest in institutional quality real estate investments. The Manhattan-based company also has offices in Michigan, Idaho, and California. Among the company’s flagship offerings is Total Income+ Real Estate Fund (“TI+”), a continuously offered...

Third Avenue has long been a dividing line on the Upper East Side. “West of Third” serves as shorthand for the stylish neighborhood in the TV show “Gossip Girl,” where private-school girls live in stately Park Avenue co-ops and shop in boutiques along Madison Avenue. “East of Third” refers to the delis and bagel shops that make up many of...

The sale price of Manhattan condominiums set a record in 2013, fueled by trophy properties that helped push prices higher than even the last real-estate boom, city records show. They were driven higher by closings in new condominiums such as Walker Tower, in Chelsea, and 18 Gramercy Park—developments with large apartments created for wealthy New Yorkers and international buyers, brokers said. There...

Whatever else can be said about 2013, it marks the end of an era in real estate. After 12 years presiding over a seemingly boundless real estate market — even with a catastrophic crash wedged in the middle — Mayor Michael R. Bloomberg, one of the biggest boosters of development in the city’s history, is on his way out. “Everybody in the...

Jason Kidd, the 10-time NBA All-Star — who is not exactly getting stellar reviews in his current role as head coach of the Brooklyn Nets, despite its $100 million payroll — has also been busy house hunting in New York. Kidd was recently spotted leaving Town Residential’s sales office in the Crown Building for the new Charles apartments at 1355 First...

The first full-floor tower concept of its kind in New York City, opened its doors for sale to the public this month. The Charles offers nearly all of its 32 floors as coveted, full-floor condos with private keyed entrances. Already, some $74 million worth (or 24 percent) of the homes have been bought by New Yorkers and international buyers since the October...

Bluerock Real Estate’s the Charles, a condominium building stocked with only full-floor, four-bedroom residences on the Upper East Side, hit the market today. The building, located at 1355 First Avenue between East 72nd and East 73rd streets, has properties ranging in price from $5.82 million for a 3,637-square-foot third-floor unit to a $10.26 million, 3,600-square-foot home on the 27th floor. Ismael Leyva...