Sale of Kennesaw State University student housing community closes
JLL Capital Markets announced that it has closed the sale of 14 SixtyFive, a 52-unit / 241-bed, brand-new student housing community in Kennesaw, Georgia near Kennesaw State University.
JLL worked on behalf of the seller,...
Mesa West Capital funds $49.2 million loan for recapitalization of Palm Beach County multifamily...
Mesa West Capital has provided a joint venture of ESG Kullen and Angelo Gordon with $49.24 million in first mortgage debt for the recapitalization of a 219-unit multifamily property in Palm Beach County, Florida.
The...
Berkadia arranges $57.5 million construction loan for Neology Life Development Group’s Fourteen Residences Allapattah...
Berkadia announces it has arranged $57.5 million in construction financing for Fourteen Residences Allapattah, a two tower, 237-unit apartment community located in Miami, Florida. Senior Managing Director Charles Foschini, Managing Director Chris Apone and...
Cushman & Wakefield arranges sale of The Holston, one of Asheville’s newest apartment communities
Cushman & Wakefield announced that the commercial real estate services firm arranged the sale of The Holston, a newly constructed 238-unit apartment community in the Weaverville submarket of Asheville, North Carolina.
Cushman & Wakefield’s Michael Saclarides,...
Fogelman Properties acquires 312-unit apartment community in Memphis, Tennessee
Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, announces the acquisition of Appling Lakes, a 312-unit apartment community in Memphis, Tennessee.
Built in 1997, Appling Lakes...
Marcus & Millichap completes dual multifamily asset sale in Birmingham
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Onyx at 600 and Ascot Place Apartments, two multifamily properties, totaling...
Cushman & Wakefield arranges sale of the Archer Road portfolio
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of the Archer Road Portfolio, a collection of five multifamily properties across several submarkets in Gainesville that total 582 units.
Nick...
American Landmark acquires apartments outside Richmond, Virginia
American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired Element at Stonebridge, a 400-unit apartment community located in Chesterfield, Va., just south of Richmond.
This marks American Landmark’s...
ZMR Capital acquires fourth Orlando multifamily community of 2022
ZMR Capital has acquired Sonoma Pointe, a 216-unit garden-style multifamily community in the Kissimmee submarket of Orlando, Florida, in an all-cash deal. The Tampa-based real estate investment company increases its Orlando apartment portfolio to...
Berkadia arranges refinance of townhome complex in Port St. Lucie, Florida
Berkadia announces it has arranged the $17.87 million recapitalization of The Enclave at St. Lucie West, a 91-unit townhome complex in Port St. Lucie, Fla. Senior Managing Director Mitch Sinberg, Managing Director Matt Robbins...
$302 million capitalized for refinancing of a six-property multihousing portfolio
JLL Capital Markets announced that it secured $262 million in debt and $40 million in equity for the refinancing of a six-property, 1,494-unit, garden-style multihousing portfolio scattered across Maryland, Virginia and Alabama.
JLL represented the borrower,...
Marcus & Millichap announces $24 million sale of Winchester Virginia Apartments
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Pine Plaza and Wright Apartments, a 195-unit apartment portfolio located in...
Florida multihousing community sells for $70.6 million
JLL Capital Markets announced that it has closed the $70.6 million sale and arranged the debt and equity financing totaling $65 million for Grand Reserve Apartment Homes, a 263-unit, two-story, value-add multihousing community in...
Berkadia arranges sale of garden-style apartment community in Tallahassee, Florida
Berkadia announces it has arranged the sale of The Westcott, a 444-unit garden-style apartment community located in Tallahassee, Fla., along the state capital’s main east-west thoroughfare, the Apalachee Parkway. Managing Director David Etchison, Senior...
Berkadia arranges $64.1 million loan for acquisition of multifamily property in Tampa
Berkadia announces it has arranged financing for the acquisition of 325 units at Arbors at Carollwood, a core-plus opportunity within the highly sought-after Carollwood submarket of Tampa, Fla. Senior Managing Director Mitch Sinberg and...
