Supply and Labor Constraints Continue to Hinder Economic Growth, Home Sales
For the second month in a row expectations for near-term real GDP growth were revised downward – and outward – due to persistent supply chain disruptions and labor market tightness, according to the September 2021 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group now projects full-year 2021 real GDP growth to clock…
MAXX Properties Enters Durham NC Market with Ground up Development
MAXX Properties—a privately held real estate company—announced today that it will enter the Durham, North Carolina market with a 299-unit multifamily development called The Piedmont at Patterson Place. MAXX Properties took an 85% interest in the planned property along with SR Real Estate Partners, a New York-based development firm, who is developing the project. SR…
Graycliff Capital Enters Triangle Market with Encore at Heritage, Upscale Multi-Family Development in Wake Forest
Greenville (S.C.)-based Graycliff Capital Partners, LLC (Graycliff Capital), a leading developer/owner in the multi-family sector, announces the development of Encore at Heritage Apartments – Luxury Apartment Homes in Wake Forest, North Carolina. Graycliff has developed multiple luxury apartment communities throughout the Carolinas in recent years, however, Encore at Heritage Apartments marks the firm’s first multi-family…
Graycliff Capital’s Seth Peterson among Upstate South Carolina’s Forty under 40 Honorees
Graycliff Capital Partners, LLC (Graycliff Capital) is pleased to announce that Seth Peterson, Director of Development, is among the elite group of Upstate South Carolina professionals to be honored in GSA Business Report’s 2021 “Forty Under 40” recognition program. Based in downtown Greenville, Graycliff Capital is a leading multi-family development and investment company with focus…
McShane Breaks Ground on 300-unit Apartment Community in Charlotte, North Carolina
McShane Construction Company is underway with IBM Drive Apartments in Charlotte, North Carolina. The new 300-unit development is under construction on behalf of repeat client RangeWater Real Estate. In April, McShane completed construction of The Archer in Acworth, Georgia, for RangeWater. “We are excited to work on another project for our highly valued partners at…
Graycliff Capital Announces Waterleaf at Old Franklin, Upscale Multi-Family Development
Greenville, SC-based Graycliff Capital Partners, LLC (Graycliff Capital), a leading developer/owner in the multi-family sector, announces its newest multi-family development, Waterleaf at Old Franklin, a luxury apartment community positioned in the heart of Southeast Nashville, Tennessee. Waterleaf at Old Franklin is currently leasing with units available immediately. Only 11 miles from downtown Nashville and…
LyonJay: Building What Matters Most
LyonJay is a real estate development and investment firm based in Greenville, S.C. The three main pillars of their business are investment, development and construction, and property management. They focus primarily on opportunistic investments in the housing sector, including lot development for publicly listed builders, build-for-rent communities, and single and multi-family rentals. With billions of dollars’…
Graycliff Capital Acquires ViA, Adds to its Salt Lake City Residential Holdings
Graycliff Capital Partners, LLC (Graycliff Capital), a leading developer/owner in the multi-family sector headquartered in downtown Greenville, S.C., has acquired ViA, a Class A, mixed-use residential community in South Salt Lake City, Utah. The property is ideally located within a short walking distance to Utah Transit Authority (UTA) light rail stations – providing direct access…
PulteGroup Expanding into New Markets in Colorado and North Carolina
PulteGroup, Inc. (NYSE: PHM), the nation’s third largest homebuilder, announced its plans to enter the Denver market and expand into the Triad area of North Carolina. “This strategic expansion provides another avenue of growth and allows us to extend our high-returning operating model into important new housing markets,” said Ryan Marshall, PulteGroup president and CEO….
Graycliff Capital Acquires Milagro, Class A Residential Community in Salt Lake City
Graycliff Capital Partners, LLC (Graycliff Capital), a leading developer/owner in the multi-family sector headquartered in downtown Greenville, S.C., has acquired Milagro, a Class A, mixed-use, mid-rise residential community in downtown Salt Lake City, Utah. Milagro represents Graycliff’s first multi-family investment in Utah and the western region of the United States. With a backdrop of the…
