Deal boom

Apartment deals, mergers and acquisitions

Aventon Clearwater Apartments

FCP and Aventon announce JV for development of Aventon Clearwater Class A Apartments

FCP and Aventon Companies announce a joint venture for the development of Aventon Clearwater Apartments in Clearwater, Fla. The 396-unit, Class A multifamily community will feature three-story buildings on U.S. Highway 19, and easy...
Peak 16

Institutional Property Advisors closes $81 million Central Phoenix multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Peak 16, a 233-unit multifamily asset in Phoenix, Arizona. The $81.35 million sales price equates to $349,142 per unit. “Core multifamily...
Alexan on Ross

Luxury Dallas mid-rise apartment building acquisition financed

JLL Capital Markets announced that it has arranged an acquisition loan for Alexan on Ross, a 292-unit, luxury, mid-rise, Class A+ multihousing community in the growing Ross Corridor Dallas, Texas. JLL worked on behalf of...
Portola East Mesa

SB Real Estate Partners expands Phoenix portfolio

SB Real Estate Partners (SBREP) has acquired ReNew 3030, a Class B, 126-unit garden-style apartment community located in Mesa, Arizona, for $24.3 million. The property was renamed Portola East Mesa and will undergo a...
Newcastle Apartments

Franklin Street arranges record setting sale of value-add apartment community in Fort Lauderdale for...

Franklin Street has arranged the sale of a 48-unit value-add multifamily property in Lauderdale Lakes, a submarket of Fort Lauderdale, for $6.95 million or $144,791 per unit. The 1972-built property, called Newcastle Apartments, was...
DFW portfolio

Seniors housing portfolio in the Dallas-Fort Worth area sold

JLL Capital Markets announced that it has closed the sale of an active adult portfolio consisting of two newly built, age-restricted (55+) multihousing properties totaling 360 units located in the Dallas-Fort Worth MSA in...
Arbor Trace Apartment Homes

S.L. Nusbaum Realty Co. arranges $28.175 million sale of Virginia Beach apartment community to...

S.L. Nusbaum Realty Co. is pleased to announce Arbor Trace Apartment Homes was purchased for $28.175M (approx. $190,000 per unit) on September 10, 2021. Bill Overman, CCIM, John Wessling, CCIM and Paul Peck represented...
Prairie Ridge Apartments

FCP and VaultCap Partners acquire again in Grand Prairie, Texas with acquisition of 100-unit...

FCP and VaultCap Partners have followed their July 2021 acquisition of Corey Place Apartments with the purchase of the adjacent 100-unit Prairie Ridge Apartments. The venture plans to combine the properties under a new name,...
Las Vegas Apartments

Avison Young’s Sauter Multifamily Group closes on $1.7 million sale of 20-unit Las Vegas...

Avison Young announced the Sauter Multifamily Group has brokered the $1.7 million sale of Las Vegas Apartments, a 20-unit multifamily property located at 201, 255, and 275 N Decatur Blvd, Las Vegas, Nevada. Avison Young...
Henley Tampa Palms

Berkadia arranges $91.49 million loan for acquisition of two Tampa Bay apartment communities

Berkadia announces it has secured $91 million in financing for the acquisition of two multifamily properties in the Tampa Bay area: Henley Tampa Palms, a 315-unit apartment community in Tampa, and Enclave at Northwood,...
Bay Shore Residences

Long Island residential project capitalized for $173 million

JLL Capital Markets announced that it has arranged $55 million in joint venture equity and $113 million in construction financing for the development of Bay Shore Residences, a 418-unit, wood-frame residential building with ground-floor...
Avant

Capital secured for new Class A multihousing community in southeast Michigan

JLL Capital Markets announced that it has arranged $17.8 million in joint venture equity and $39.9 million in construction financing for Avant, a new 253-unit multihousing development in Ann Arbor, Michigan. JLL worked on behalf...
The Oasis Anaheim

Gelt, Inc. acquires The Oasis Anaheim, a 312-unit apartment community, for $146.5 million

Gelt, Inc. is pleased to announce it has acquired The Oasis Anaheim, a 312-unit, transit-oriented apartment property located at 3530 E. La Palma Avenue in the northeast area of Anaheim, Calif. The Los Angeles-based...
The Parc at Gatlin Commons

New multihousing community financed for $35.42 million in Florida’s Treasure Coast

JLL Capital Markets announced that it has arranged a $35.42 million in acquisition financing for The Parc at Gatlin Commons, a brand new, 200-unit, garden-style multihousing community in Port St. Lucie, Florida. JLL worked on...
The Retreat

Institutional Property Advisors brokers and finances $54.1 million Los Angeles County multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Retreat, a 148-unit multifamily asset in Santa Clarita, California. The property traded at $54.1 million, which represents $365,540 per...
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