New York, NY (December 3, 2015) – Bluerock Growth Fund (“BGF” or the “Company”) completed the successful 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 (2x) on the Company’s original equity investment, and a net internal rate of return (IRR) of...

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 -...

The pace of rent growth for U.S. apartments is accelerating despite an uptick in construction of new dwellings, as the economy steadily improves and vacancies remain stubbornly low. Rental rates increased 1% during the third quarter to an average of $1,111 a month nationwide, according to Reis Inc., a real estate research firm that collects data on 79 U.S. metropolitan areas....

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...

A BenefitsPro.com article provided a revealing investment strategy favored by America’s millionaires. In the article, entitled, “Millionaires’ favorite alt investment: real estate,” a survey noted that millionaire U.S. investors’ favorite alternative investment is real estate. And it was by a wide margin. According to the Investor Pulse Poll, conducted by Morgan Stanley Wealth Management, 77 percent of survey respondents said they...

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...

David Cone, the former Yankee and Mets player, recently checked out some full-floor apartments at The Charles, at 1355 First Ave., where sales are handled by Town Residential. Cone — who has five World Series rings and is now a YES Network TV personality — also played for the Boston Red Sox and spent the last of his stellar 17-year Major...

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...