Thursday, May 16, 2024

Deal boom

Apartment deals, mergers and acquisitions

Bell Murrieta Springs

Bell Partners to Rebrand SoCal Multifamily Property Silverado Apartment Homes to Bell Murrieta Springs...

Bell Partners has acquired Silverado Apartment Homes, a 492-unit apartment community located in Murrieta. The community was acquired on behalf of the company’s Value Add Fund VIII investors for $146.5 million and will be...
Rambler Tempe

LV Collective Starts Work on 829-Bed ASU Student Housing Project Rambler Tempe

LV Collective, Kayne Anderson Real Estate, and Pacific Life have closed on a student-oriented multifamily development Rambler in Tempe, Arizona. Located at 1020 East Apache, Tempe, Rambler is less than a quarter mile from...
Rockford Garden

Rockford Gardens Apartments Near San Diego Will Undergo Upgrades After Sale

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, closed the sale of Rockford Gardens, a 16-unit apartment complex located at 181 Ballantyne Street...
Victory Northgate

GMD Development and WNC & Associates Close Deal to Begin Construction on Victory Northgate...

GMD Development, a private, mission-based developer/owner of affordable housing based in the Pacific Northwest, and WNC & Associates (WNC), a family-owned business known as both a pioneer and leader in the affordable housing industry,...
Seneca

Amid Built-to-Rent Boom, First Luxury Residential Rental Community Seneca Lands in Las Vegas

Seneca, the developer of one of the country’s first luxury-for-lease communities featuring high-end, high-design rental homes focused on sustainability, well-being and convenience, is elevating the stage in Las Vegas with the debut of its...
Multifamily Properties

Capital Square Living Assumes Management of Three Tennessee Multifamily Properties

Capital Square Living, the property management subsidiary of Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced the assumption of management of...
Redwood Hickory

Redwood Hickory Delivering 154 New Single-Story Apartments to Western North Carolina

A brand-new neighborhood of single-story apartments is under construction in Hickory, North Carolina by Ohio-based Redwood Living, Inc. to be branded Redwood Hickory. Each of the four floor plans available at Redwood Hickory will include...
Holly Lake Resort

The Multifamily Group Completes the Sale of 130 Units at Holly Lake Resort Near...

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced the sale of Holly Lake Resort located at 1823 FM2869, Holly Lake Ranch in Holly Lake Ranch, Texas. Jon Krebbs represented the seller...
Parc Tolleson

Millburn & Company Buys Newly Constructed Arizona Residential Community Parc Tolleson for $62.75M

Millburn & Company purchased Parc Tolleson, a 258-unit Class A multifamily community in Tolleson, Arizona in a recent $62.75 million ($243k/unit) transaction. The property was sold by Evergreen Devco Inc. Completed in 2023, the garden-style...
Halstead Malden Square

CBRE Arranges Sale of 195-Unit Halstead Malden Square Near Boston

Representatives of CBRE, led by Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler announced the sale of Halstead Malden Square, a 195-unit, 100% market-rate apartment community in Malden, Massachusetts. CBRE represented the seller,...
The Iris

DCHA, MRP Realty, CSG Urban Partners, and Taylor Adams Associates Announce Opening of The...

Construction of The Iris, which includes 86 affordable units, is near completion at the former site of the DCHA headquarters at 1133 North Capitol Street, NE. Greystar Real Estate Partners is providing leasing and management...
Flats at Norman

Newmark Multifamily Completes Sale of 204-Unit Student Housing Property The Flats at Norman Serving...

Newmark Multifamily announces the sale of The Flats at Norman, a 204-unit, 612-bed student housing asset in Norman, Oklahoma. Newmark Multifamily Vice Chairman and Head of the Company’s Student Housing team Ryan Lang, Managing Director...
Cassidy on Canal

Habitat Welcomes First Residents to Cassidy on Canal, Chicago Fulton River District’s Newest Luxury...

Chicago-based Habitat, a leading U.S. multifamily developer and property manager, announced its first residents have moved in at Cassidy on Canal, a new 33-story, 343-unit Class A rental tower at 350 N. Canal Street...
Tricon Twelve Bridges

Community Leaders Celebrate Grand Opening of 161-Unit Build-to Rent Homes at Tricon Twelve Bridges...

Mayor Karleskint, Mayor Pro Tem Andreatta, and several councilmembers joined the grand opening celebration of Tricon Twelve Bridges, a collection of 161-unit Build-to-Rent (BTR) homes in Lincoln, California. This community features five thoughtfully designed floor...
Pier 19 Residences

Berkadia Arranges $54.5M Refinancing of Neology’s Pier 19 Residences & Marina on the Miami...

Berkadia announces it has secured a $54.5 million loan to refinance Pier 19 Residences & Marina, a 199-unit luxury apartment community along the Miami River in downtown Miami. Senior Managing Director Charles Foschini, Managing Director...
Yield PRO