Articles from American Capital Group

American Capital Group (“ACG”), a full-service real estate investment and development company, and Clarion Partners, a leading real estate investment manager, announced the completion and opening of Enso Apartments, a 316-unit multifamily community located at 19630 40th Ave W, Lynnwood, Washington.

American Capital Group (“ACG”), a full-service real estate investment and development company, and PGIM Real Estate, the real estate investment and financing arm of Prudential Financial, today announced a joint venture to develop The Foundry at Totem Lake, a multifamily project in the Kirkland submarket of Seattle. Construction is set to begin in Q2 2025, with completion expected by Q4 2027.

American Capital Group (“ACG”), a full-service real estate investment and development company, and Clarion Partners, a leading real estate investment manager, today announced a joint venture to develop Enso, a 316-unit multifamily project in Lynnwood, Wash. Pacific Life Insurance Company served as the construction lender for the development, with construction scheduled to commence in August 2024 and anticipated to reach completion by Summer 2026.

American Capital Group (“ACG”), a full-service real estate investment and development company, today announced the development of Kinect @ Shoreline, a 240-unit multifamily project in Shoreline, Wash., a Seattle suburb. Construction of the community is underway and is expected to be completed by Q4 2024.

American Capital Group (“ACG”), a full-service real estate investment and development company, today announced it has obtained capitalization for Kinect @ Southport, a new, 322-unit suburban community located in the highly desirable West Sacramento submarket, moving the project to begin construction immediately. Financial terms were not disclosed.

American Capital Group (“ACG”), a full-service real estate investment and development company, and Artemis Real Estate Partners (“Artemis”), a real estate investment manager, today announced the $242 million sale of the Uplund Apartments in Kirkland, Wash., a Seattle suburb. ACG and Artemis formed a joint venture to acquire the project mid-development in September 2020, completing the multifamily community in Q2 2021. The sale marks the largest multifamily transaction in Kirkland history.

American Capital Group (“ACG”), a full-service real estate investment and development company, today announced the acquisition of 4.59 acres of land in the Totem Lake neighborhood of Kirkland, Wash., for $30 million. The land will be used for the development of a five-story residential and retail property, featuring 493 apartment units, 20% of which will be workforce housing, and more than 11,000 square feet of ground floor retail.

American Capital Group (“ACG”), today announced the acquisitions of 700 Broadway and Vantage Park, two multifamily communities located in Seattle’s Capitol Hill neighborhood, for a combined purchase price of $68,350,000.