Paramus-based Reynolds Asset Management has made two additions to its out-of-state holdings, acquiring a combined 360 apartments across two properties in Texas for $23 million.
Reynolds Asset Management has secured local approvals to redevelop a large piece of a Mercer County office park, where it aims to build more than 200 apartments and retail space.
Reynolds Asset Management has added to its portfolio outside New Jersey with two deals in Louisiana, where it acquired a combined 500 apartments in and around Shreveport.
The owner of an industrial property in Hamilton has refinanced the asset for $18.4 million, in one of two deals announced by Lenders Capital Realty Services.
Reynolds Asset Management has refinanced a new 28-unit luxury apartment building in Bound Brook, securing a Fannie Mae loan for more than $6.7 million through Walker & Dunlop.
Reynolds Asset Management is expanding to the Midwest with its acquisition of a 125-unit apartment complex outside Cleveland, the Paramus-based real estate firm announced.
Reynolds Asset Management has completed a new 103-unit apartment building in Orange after redeveloping the former longtime site of a hardware store in the city’s Valley Art District.
The boom in luxury rental apartments has come to Orange, where at least 1,000 units have been planned near two train stations in this small Essex County city.