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Category: Real Estate

SBV Communities Featured in Business Journal: Greensboro apartments sold, $4M in renovations planned

Spectrum Business Ventures Inc., an investment firm based in Kansas City, Mo., has purchased three Class C apartment communities in Greensboro for $10.5 million and is planning $4 million in renovations.   SBV purchased Misty Creek Apartments, Wendover Apartments and Aspen Woods Apartments at 4203, 4337 and 4216 Hewitt St., respectively, through business entity SBV-Greensboro […]

By Amit Raizada

December 26, 2015

SBV Communities Purchases 2nd Multi-Family Property in a Week with Acquisition of Bear Creek Apartments in Dallas

SBV Communities today announced its purchase of 211-unit Bear Creek Apartments in Euless, Texas. The acquisition is the second purchase this week for the owner and operator of multi-family apartment complexes and marks the continued expansion of its portfolio. SBV Communities executed the purchase and sale agreement on July 8th and closed the transaction on […]

By Amit Raizada

December 13, 2015

SBV Communities Expands into Oklahoma City

SBV Communities today announced its purchase of 119-unit Ridgeview Apartments in Oklahoma City, Oklahoma. The acquisition is the fifth of 2012 for the owner and operator of multi-family apartment complexes and marks the continued expansion of its geographic footprint. Amit Raizada of SBV Communities executed the purchase and sale agreement on July 13 and closed the transaction on August […]

By Amit Raizada

December 12, 2015

Summer Wind Acquisition Gains National Notoriety

SBV Communities, the Kansas City, Mo.-based multifamily real estate division of Spectrum Business Ventures Inc., has purchased the Summer Wind Apartments in Austin, Texas.   The 156-unit complex, located at 833 Fairfield Drive, is SBV’s ninth multifamily purchase in the state of Texas, but only the first in the Austin market. The company now controls […]

By Amit Raizada

December 11, 2015

SBV Communities Purchases Summer Wind Apartments

SBV Communities today announced its purchase of 156-unit Summer Wind Apartments in Austin, Texas. The acquisition is the fourth of the year for the owner and operator of multi-family apartment complexes and marks the continued expansion of its geographic footprint. SBV Communities executed the purchase and sale agreement on May 9th and closed the transaction on May 24th, increasing […]

By Amit Raizada

December 10, 2015

SBV Communities Purchases Avondale Apartments in Little Rock, Arkansas

SBV Communities today announced its purchase of 206-unit Avondale Apartments in Little Rock, Arkansas. The acquisition is the third of this year for the owner and operator of multi-family apartment complexes and marks the continued expansion of its geographic footprint. SBV Communities executed the purchase and sale agreement on March 25th and closed the transaction on April 17th, increasing […]

By Amit Raizada

December 9, 2015

SBV Communities Purchases 384-Unit Multi-Family Complex in Indianapolis

Indianapolis’ Tikijian Associates recently arranged the sale of Hillcrest Woods, a 384-unit apartment community located on the northeast side of Indianapolis. Hillcrest Woods sits on 62 acres of heavily wooded hills, a rarity in central Indiana.   Tikijian Associates represented Miami-based LNR Partners, a national special servicer that acted on behalf of the property’s lender following […]

By Amit Raizada

December 7, 2015

SBV Communities Purchases Memphis-Based Summer Trace Apartments

SBV-Memphis-Summer Trace has purchased and filed a $3.5 million construction loan for the 255-unit Summer Trace Apartments at 6015 Summer Trace Drive in the Raleigh/Bartlett apartment submarket.   The loan through Wells Fargo Bank NA comes the same day SBV began a 10-year payment-in-lieu-of-taxes agreement through the city Health, Education and Housing Facility Board for the low- to moderate-income […]

By Amit Raizada

December 3, 2015

Kansas City Firm to Re-Open Mead Ethanol Plant

Spectrum Business Ventures of Kansas City aims to bring a closed ethanol plant near Mead out of mothball status in the next few months.   The former E3 Biofuels plant attracted widespread attention in 2006 as the previous management tried to pull together a project they described as a closed-loop system.   That means the […]

By Amit Raizada

December 2, 2015

Spectrum Business Ventures Buys Ethanol Plant in Nebraska

Kansas City-based Spectrum Business Ventures Inc. has bought a Mead, Neb., ethanol plant and plans to reopen the shuttered facility next year.   The firm said in a Monday release that it acquired the assets of E3 BioFuels — Mead LLC out of bankruptcy. Financial terms of the deal were not disclosed.   In the […]

By Amit Raizada

November 24, 2015

SBV Communities Continues East Coast Push with Multi-Family Acquisition of Misty Creek Apartments in North Carolina

SBV Communities today announced its purchase of 168-unit Misty Creek Apartments in Greensboro, North Carolina. The acquisition is the first in the state for the owner and operator of multi-family apartment complexes and marks the continuing expansion of its portfolio. SBV Communities, owned by Amit Raizada, executed the purchase and sale agreement and closed the transaction […]

By Amit Raizada

November 18, 2015

SBV Communities Purchases Quail Run Apartments in South Carolina

SBV Communities today announced its purchase of 332-unit Quail Run Apartments in Columbia, South Carolina. The acquisition adds a fifteenth market to the owner and operator’s growing portfolio of multi-family apartment complexes. SBV Communities closed the transaction on February 22nd.   Columbia, South Carolina is the largest city in the state as well as its capital with […]

By Amit Raizada

November 16, 2015

Sale of Mead’s E3 Biofuels Plant About to Close

They called it Genesis, in the beginning, and it was to be the start of something unique and groundbreaking in the energy industry.   The idea was to convert manure from a feedlot of about 30,000 cattle near Mead into methane and to use the gas as the energy for making 20 million gallons of […]

By Amit Raizada

November 15, 2015

SBV Communities Acquires LeMans at Lawndale, Fifth Multi-Family Acquisition in Greensboro

SBV Communities today announced its fifth multi-family apartment purchase in Greensboro, NC. LeMans at Lawndale, a 109-unit apartment complex is well positioned with access to highways, shopping and recreation. SBV Communities executed the purchase and sale agreement on May 22nd and closed the transaction on June 26th. “When it rains it pours,” said Chris Thomson, Director […]

By Amit Raizada

July 22, 2015

SBV Makes Fourth Multi-Family Acquisition in Greensboro

SBV Communities today announced its fourth multi-family apartment purchase in Greensboro, NC. Lexington Commons, a 106-unit apartment complex is located just north of downtown Greensboro and bolsters the companies’ recent activity in the market. SBV Communities executed the purchase and sale agreement on May 22. and closed the transaction on June 26.   CEO of SBV […]

By Amit Raizada

June 30, 2015