Deal boom

Apartment deals, mergers and acquisitions

Verso Luxury Apartments

ECI Group acquires Verso Luxury apartments in Davenport, Florida

ECI Group (ECI) announces the acquisition of Verso Luxury Apartments, a 250-unit, new in 2020, “Big House” concept, multifamily asset in the booming Davenport submarket of Orlando, FL. Located at the heart of Central...
Vive Luxe

$203 million in refinancing secured for San Diego multihousing community

JLL Capital Markets announced that it has closed the $203 million construction takeout financing for Vive Luxe, a Class A, 442-unit, multihousing community in the Kearny Mesa submarket of San Diego, California. JLL represented the...
The View at Sapphire Bay

$58.3 million financing secured for Texas multihousing development

JLL Capital Markets announced that it has closed the $58.3 million construction financing for The View at Sapphire Bay, a Class A, 394-unit, mid-rise multihousing community located on the shore of Lake Ray Hubbard...
City Heights Hoover

Cushman & Wakefield and Greystone close sale and financing of Hoover Multifamily Property

The joint venture team of Cushman & Wakefield and Greystone announced that they arranged the sale of and provided acquisition financing for City Heights Hoover, a 160-unit multifamily community located in the Hoover suburb...
220 Roseville Avenue

Gebroe-Hammer’s Jarvis arranges multi-tranche $80+ million multifamily portfolio sale in Newark, New Jersey

In Newark’s North Ward, Gebroe-Hammer Associates Executive Vice President David Jarvis has finalized a multi-tranche $80+M multifamily portfolio sale totaling 484 units across the Gateway City. A 26-year Newark/North Jersey market specialist, Jarvis exclusively...
The Summit apartments

FCP, One Real Estate Investment acquire The Summit Apartments in San Antonio, Texas

FCP with joint venture partner, One Real Estate Investment (OREI) announce the acquisition of The Summit apartments, a 284-unit community in San Antonio, Texas. The Summit is a 1984-build, Class B multifamily property located at...
Gridline Apartments

$60 million financed for Seattle multihousing development

JLL Capital Markets announced that it has arranged $60 million in construction financing for Gridline Apartments, a multihousing development currently under construction in Seattle, Washington. Working on behalf of SRM Development and its partners, JLL...
Alta Winter Garden

Berkadia arranges sale of brand-new trophy garden community in Orlando Metro Area

Berkadia announces it has arranged the sale of Alta Winter Garden, a 250-unit Class AAA trophy garden multifamily community in the Winter Garden submarket of Orlando, Fla. Managing Director Brett Moss, Associate Director Tyler...
Accent Edgewood

New best-in-class Nashville multihousing development sells

JLL Capital Markets announced that it has closed sale of Accent Edgewood, a 236-unit, Class A, mid-rise, lease-to-core multihousing asset in the Wedgewood-Houston neighborhood of Nashville, Tennessee. JLL represented the seller, Westplan Investors. PassiveInvesting.com acquired the...
Woodland Manor

Universe Holdings acquires second multifamily property in Ventura, California for $14.55 million

Universe Holdings has acquired Woodland Manor, a multifamily community in Ventura, Calif., in an off-market transaction for $14.55 million. Built in 1969, the property offers 38 two-bedroom, two-bath apartments in a central location in...
The Moderne

Institutional Property Advisors negotiates $260 million multifamily asset sale in Scottsdale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Moderne, a 369-unit mid-rise multifamily asset in Scottsdale, Arizona developed by JLB Partners. The $260 million sales price equates...
The Sofia Apartments

Newmark arranges sale and financing of 210-unit value-add multifamily property in East Austin, Texas

Newmark has completed the sale and financing of The Sofia Apartments, a 210-unit value-add multifamily property located minutes from downtown Austin, Texas. The property traded from Dallas-based Lion Real Estate Group and Los Angeles-based...
River Bay Townhomes

$19.45 million in financing secured for Maryland multihousing community

JLL Capital Markets announced that it has arranged the $19.45 million in acquisition financing for River Bay Townhomes, a 173-unit, value-add multihousing community in Lexington Park, Maryland. JLL represented the borrower, Linden Property Group, to...
Reserve at Oakleigh

Newmark announces $70.5 million multifamily sale in one of Nashville’s fastest-growing suburbs

Newmark announces the $70.5 million sale of Reserve at Oakleigh—a 246-unit, 2017-built multifamily community located in Antioch, Tennessee. Newmark Executive Managing Directors Vincent Lefler and Tarek El Gammal represented the seller, Cedar Grove Capital,...

Two-building mixed-use portfolio in New York’s East Midtown fetches $41.5 million

JLL Capital Markets has announced the $41.5 million sale of 959-961 Second Ave. and 246 East 46th St., a 105-unit, two-building portfolio in the East Midtown neighborhood of New York City. JLL arranged the sale...
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