![]() The 468-unit, Class B community was purchased by a joint venture of Torchlight, Balfour Beatty Communities and Apex One Investment Partners. In March, Torchlight acquired the $39.2 million Riverchase Landing in Birmingham, Ala. “The property is in an attractive market, has strong in-place, stable cash flow and is poised to benefit from the continuation of a successful renovation program,” said Zach West, an acquisitions professional at Torchlight, in a prepared statement. The new owners are planning to invest in unit upgrades, including new appliances, flooring in kitchens and baths, as well as granite countertops, new cabinetry and light fixtures. Completed in 1996, the asset includes one-, two- and three-bedroom units ranging in size from 690 to 1,180 square feet. Torchlight Investors specializes in investment management services in both public and private commercial real estate markets for institutional investors. sale of the 342-unit multifamily community Shade at Desert Ridge to a partnership between Knightvest Capital and Torchlight Investors for 87 million. Since inception, Torchlight has acquired over 25 billion in commercial real estate debt investments and has approximately 4 billion of AuM. Nearby public transportation services and Interstate 270 provide easy access to neighboring cities and employment hubs. Torchlight was founded in 1995 to provide investment management services to institutional investors seeking exposure to commercial real estate investments. ![]() Located at 12526 Great Park Circle, Milestone Apartments is 30 miles north of downtown Washington, D.C. The asset comprises 27 buildings on 32 acres, and the new owners are planning to invest in several upgrades. Torchlight also provided $23 million in financing for the purchase. Torchlight has been managing commercial real estate related. Make a payment quickly, easily, and securely by selecting to pay with one of the available payment methods below. A joint venture between Torchlight Investors and Hampshire Properties has acquired Milestone Apartments, a 576-unit garden-style apartment community in Germantown, Md. Torchlight Investors is an SEC registered investment advisor with 4.3 billion under management.
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