FCP acquires Wyndcliff Apartments in Atlanta
FCP announces the acquisition of Wyndcliff Apartments, a 380-unit apartment community in Smyrna, GA. The acquisition marks FCP’s 20th investment in Atlanta. “This acquisition expands FCP’s presence in Atlanta and complements our existing portfolio,” said FCP’s...
Luxury Orlando-area apartment community sells
JLL Capital Markets announced that it has closed the sale of The Q at Maitland, a 129-unit luxury apartment community in Maitland, Florida, in the Orlando area. JLL marketed the property on behalf of the...
Franklin Street arranges $56 million sale of 517-unit St. Petersburg, Florida multifamily community
Franklin Street has arranged the sale of Osprey Pointe Apartments, a 517-unit, garden-style multifamily community in St. Petersburg, Florida, for $56 million, or $108,317 per unit. Franklin Street’s Tampa-based Multifamily Investment Sales Team of Darron Kattan, Zach...
$110 million sale for Mallory Square in Maryland completed
JLL Capital Markets announced it closed the $110 million sale of Mallory Square, a 365-unit mid-rise apartment community with 1,600 square feet of retail, located in the Shady Grove submarket of Rockville, Maryland. JLL worked on...
FCP announces sale of River Crossing at Roswell in Atlanta, Georgia
FCP announces the sale of River Crossing at Roswell in Atlanta, GA. The 312-unit community was acquired by FCP as River Trace Apartments in August 2016 and has been repositioned through $5.5 million in improvements...
JLL closes sale of Germantown, Maryland multihousing property
JLL Capital Markets announced it closed the sale of The Point at Germantown Station, a multihousing property located across 40 acres in Germantown, Maryland. JLL represented the seller in completing the sale. The Point at...
Berkadia arranges sale of Bay Harbor Islands mixed-use development site
Berkadia announces it has arranged the sale of a 1.83-acre development site in Miami’s Bay Harbor Islands. Located just west of Bal Harbour Shops, the 1177 Kane Concourse site includes 300 feet of frontage on Kane Concourse and is permitted...
RPH Multifamily Group arranges the sale of a Class-A mixed-use community in downtown Fort...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Franklin Arms, a 27-unit mixed-use property located in Fort Myers, Fla,...
Berkadia secures $58.68 million recapitalization for 481-unit community in South Florida
Berkadia announces it has arranged $58.68 million in refinancing for Advenir at San Tropez, a 480-unit community in Pembroke Pines, Florida. Senior Managing Director Charles Foschini and Managing Director Christopher Apone of Berkadia Miami...
ZMR Capital acquires first multifamily asset in Fort Myers, Florida for $44.5 million
Real estate investment firm ZMR Capital (ZMR) has acquired Park Place Apartments, a 338-unit multifamily community in Fort Myers, Fla. in an off-market transaction for $44.5 million. Park Place is ZMR’s seventh investment in Florida...
Capital Square 1031 acquires Class A multifamily community in affluent Tennessee submarket
Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for 1031 exchange and other accredited investors, announced today the acquisition of Integra Vistas, a Class A, 280-unit multifamily community in the...
ECI Group acquires Mosaic at Oak Creek Apartments, adding to Southwest Florida portfolio
ECI Group announces the acquisition of Mosaic at Oak Creek Apartments, a 273-unit community with 7,354 square feet of retail in Bonita Springs, Fla. The development was completed in 2020 by Mosaic Development. Financing...
$61 million construction loan secured to build Class A apartments in Kissimmee
JLL Capital Markets announced it secured a $61 million construction loan and preferred equity for the Infield Apartments, a multihousing development located in Kissimmee, Florida, just south of Orlando. JLL worked on behalf of the...
Castle Lanterra Properties sells Watergate Pointe in Annapolis, MD to TPG Real Estate Partners...
Castle Lanterra Properties (CLP), a New York-based national real estate investment firm, announced the sale of Watergate Pointe in Annapolis, Maryland to TPG Real Estate Partners (TREP), the dedicated real estate equity investment platform...
Beachwold Residential secures first supplemental loan for Ariel Springs
JLL Capital Markets announced it secured a $15.85 million financing for Ariel Springs, a garden-style, multihousing property located in Spring Hill, Florida, about 50 miles north of Downtown Tampa. JLL represented the borrower, Beachwold Residential,...