Deal boom

Apartment deals, mergers and acquisitions

Chateau Spring Terrace

$10.75 million financing secured for a California multihousing community owned by Universe Holdings

JLL Capital Markets announced that it has arranged the $10.75 million refinancing of Chateau Spring Terrace, a 56-unit multihousing community located in La Mesa, California. JLL worked on behalf of the borrower, Universe Holdings, to...
Dock Street Flats

Sale of Minneapolis apartment community closes

JLL Capital Markets announced that it has closed the sale of Dock Street Flats, a 185-unit, 2013-built, luxury apartment community with 2,852 square feet of retail located within the historic North Loop neighborhood in...

Levin Johnston directs 1031 exchange of multifamily communities in San Mateo County

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S., specializing in wealth management through commercial real estate investments, has successfully directed the sale of two San Mateo...
227 East Walton Place

Marcus & Millichap brokers $10.5 million sale of historic multifamily property in downtown Chicago

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced it has brokered the $10.5 million sale of 227 East Walton Place, a landmarked...
The Elise

Pensam provides $7.6 million preferred equity for recapitalization of Dallas apartments

Pensam has closed on a $7.6 million preferred equity investment for the recapitalization of The Elise, a 341-unit apartment community located in Dallas, Texas. In connection with the transaction, the sponsor, Windmass Capital, arranged...
Abberly NoDa Vista

Charlotte multihousing asset trades for $91 million

JLL Capital Markets announced that it has closed the $91 million acquisition of and the $60.3 million financing for Abberly NoDa Vista (formerly known as Live at NoDa), a 261-unit, five-story, wrap-style apartment within...
Elevate

Institutional Property Advisors negotiates Tucson multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Elevate, a 144-unit apartment property in Tucson, Arizona. The asset traded for $21.8 million, or $151,389 per unit. “Previous ownership enhanced...
EVO

$57.5 million financing secured for New Jersey multihousing community

JLL Capital Markets announced that it has arranged the $57.5M financing of EVO, a 220-unit, newly built, luxury multihousing property located in downtown Englewood, New Jersey. JLL represented the sponsorship, a joint venture between Claremont...
The Tides Waterfront

Marcus & Millichap completes Fort Worth multifamily asset sale

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Tides Waterfront, a 386-unit multifamily asset in Fort Worth, Texas. “Tides Waterfront...
Arcadia Plaza Apartments

Capstone has closed the sale of Arcadia Plaza Apartments

Capstone has closed the sale of Arcadia Plaza Apartments, a 13,188 SF multifamily property for the sale price of $4,600,000. Pat Knowlton of Capstone represented both the Seller and the Buyer on this transaction. Arcadia...
546 Green Bay Road

Interra Realty brokers $11 million sale of multifamily property on Chicago’s North Shore

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of a 37-unit multifamily property in Highwood, Ill. The newly built property, located at 546 Green Bay Road, traded...
Breckenridge Apartments

DLP Capital finances $24 million multifamily by Idaho Capital of Boise

DLP Capital, a private real estate investment and financial services firm, announced that it has provided $24.4 million in acquisition financing for a new, 160-unit multifamily property in the greater Boise, Idaho metro area....

Builder confidence declines for 11 consecutive months as housing weakness continues

Elevated interest rates, stubbornly high building material costs and declining affordability conditions that are pushing more buyers to the sidelines continue to drag down builder sentiment. Builder confidence in the market for newly built single-family...
Bella View

Haven Realty Capital, J.P. Morgan launch $415 million joint venture

Haven Realty Capital (Haven) and institutional investors advised by J.P. Morgan Global Alternatives have formed a programmatic joint venture to acquire and develop more than $1 billion in new build-to-rent (BTR) communities throughout the...
Chestnut Homes

WinnCompanies acquires 76 affordable housing units in Passaic, New Jersey

WinnCompanies, an award-winning national developer and manager of apartment communities, announced it has acquired Chestnut Homes, a 76-unit affordable housing community within walking distance of downtown Passaic, New Jersey. Built in 1983, the townhouse-style community...
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