Monday, March 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

Villas at Langley

Value-add apartment community outside Washington DC sells for $87.5 million

Transwestern Real Estate Services (TRE) announces its Mid-Atlantic Multifamily Group has brokered the sale of Villas at Langley, a 590-unit, value-add investment property in Hyattsville, Maryland. Klein Holdings sold the garden-style asset to Jair Lynch...
Extended Stay America

Vivo Investments Announces Plans for Transforming Extended Stay America Hotels into Attainable Housing in...

Vivo Investments, a trailblazer in adaptive reuse and community building, is proud to announce its largest acquisition to date – the purchase of 587 units across five Extended Stay America hotels located in Charlotte,...

249-unit affordable housing portfolio in Gary, Indiana sells for $10.375 million

Affordable Housing Investment Brokerage Inc. recently sold a 14-building, 249-unit affordable housing portfolio in Gary, Indiana for $10,375,000. Managing Director Kyle Shoemaker represented both the purchaser, a private investor, and seller, a private investor,...
Boulder Springs

Two Central California multifamily assets sell for $38.5 million

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of two multifamily properties in Fresno, California. The communities are Boulder...

Ledcor Development breaks ground on Phase II of Hercules Bayfront apartment community

Ledcor Development LP announced the groundbreaking of The Grand in Hercules. Set to open Spring 2021, The Grand is adjacent to The Exchange, which broke ground last Fall and has plans to open Spring...
Grenelefe

Marcus & Millichap brokers sale of Central Florida condominium property for $31.5 million

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 417 parcels of the 781-unit condominium property within the Grenelefe Golf and Tennis...
Solaire 8200 Dixon

WPC breaks ground for 403-unit opportunity zone apartment tower with Silver Spring, MD’s first...

Washington Property Company has broken ground for Solaire 8200 Dixon, a 403-unit, 26-story apartment tower in the Ripley District of  downtown Silver Spring, MD. Clark Construction Company is on track to deliver the first apartments...
The Village at Compass Pointe

Cushman & Wakefield arranges $62 million construction financing for 268-unit multifamily development

Cushman & Wakefield announced that the real estate services firm served as the exclusive advisor to SR Real Estate Partners and Circle Squared Alternative Investments in the procurement of $62,000,000 in construction financing for...
Hartman Hill

Haven teams with Yieldstreet to acquire 71-home single family housing rental community in Chattanooga,...

Haven Realty Capital (Haven) in joint venture with funds managed by Yieldstreet, has closed on the first phase of a $28.6 million acquisition of Hartman Hill, a 71-home purpose-built single family rental housing community...
RENCO USA

First RENCO USA Development Unveiled in Palm Beach Florida

As ever-stronger hurricanes threaten Florida and property insurance rates skyrocket, the mission is on to find stronger, more resilient ways to build that can withstand intensifying storms and devastating winds. “As a longtime resident, I’ve...
Haven Largo

FCP acquires Largo, Maryland apartment community for $71.9 million

FCP with partners Insight Property Group and AHC announce the acquisition of Camden Largo Town Center apartments in Largo, MD for $71.9 million. The 245-unit community at 9701 Summit Circle will be rebranded Haven Largo. “FCP...
The Residences at Park Place

JRK Property Holdings initiates its newly closed $1 billion Platform V multifamily fund with...

JRK Property Holdings has acquired Residences at Park Place, a 258-unit luxury mid-rise apartment and townhome community in the preeminent Kansas City suburb of Leawood, Kansas, from VanTrust Real Estate. JRK is also under...
Laurel Homes

Governor Hochul Announces Completion of 74-Unit Public Housing Redevelopment in Nassau County

Governor Kathy Hochul announced completion of the major redevelopment of Laurel Homes, a previously dilapidated public housing complex in North Hempstead’s Roslyn Heights. The project replaced obsolete buildings and expanded the development to 74...
Redwood Crystal Lake

McShane Construction Company to Build 124-Unit Single-Story Redwood Crystal Lake Apartments Near Chicago

McShane Construction Company was selected by Redwood Living, Inc. to build Redwood Crystal Lake, a new neighborhood of 124 single-story apartments in Crystal Lake, Illinois, located just an hour north of Chicago. “We’re excited to...
Village View

Housing Trust Group breaks ground on new affordable senior apartments in Fort Lauderdale’s Flagler...

Housing Trust Group (HTG), one of the nation’s largest developers of affordable housing, has closed on financing and will be breaking ground at the end of January on its newest affordable housing development in Florida:...
Yield PRO