Crown Bay Group LLC, along with its partner Adams Investor Group are pleased to announce the closing on their purchase of KRC Bridge Apartments on N Hairston Road in Stone Mountain, a suburb of Atlanta. The property is well positioned near shopping including a Wal-Mart Superstore, and only 1 mile to the Stone Mountain Industrial area with over 200 companies with thousands of employees.

JMG Realty, Inc. today announced the acquisition of Florida Club at Deerwood Apartments; a 180-unit apartment community located in Deerwood Park of one of Jacksonville, Florida's most desirable sub markets through a joint venture partnership.

Greystone, a New York-based real estate development, lending and advisory company, announced the $8.8 million acquisition of a shovel-ready development site located at 1501 SW 37^th Avenue in Miami, FL. The project lies on an approximately 34,000 square foot (net) lot that will be developed into approximately 91,000 square feet of residential and 6,500 square feet (net) of ground-floor retail space.

The site, formerly home to the GlaxoSmithKline and J. Lyons & Co. operations, will comprise mixed use development with a significant focus on rental housing but also including for-sale residential, employment, active retail, amenity, and community uses.

ROSS Management Services, a leader in multifamily property management in the Mid-Atlantic region, and Cedar Grove Capital today announced the acquisition of Whispering Pines Apartments and the selection of ROSS as the management partner.