Deal boom

Apartment deals, mergers and acquisitions

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...

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,...

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

Ledcor Development LP announced today 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...
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...
Woodbrook

Cushman & Wakefield arranges $504.5 million sale of multifamily portfolio on behalf of Threshold...

Cushman & Wakefield has arranged the $504.5 million sale of a 31-property multifamily portfolio totaling 5,115 units located in North Carolina and South Carolina. Marc Robinson and Brooks Colquitt represented the sellers while Jacquelyn...
Serena Vista Apartments

Universe Holdings acquires 110-unit apartment community in San Diego for $34.45 million

Universe Holdings has acquired Serena Vista, a 110-unit apartment community in the prime San Diego submarket of La Mesa for $34.45 million. With the acquisition of Serena Vista, located at 5810 Amaya Drive, Universe increases...
Lodge at Crosadaile

JLL closes $65.9 million sale of Durham, North Carolina apartments

JLL Capital Markets announced it has closed the $65.9 million sale of Lodge at Croasdaile Farm, a 320-unit, garden-style and townhome apartment community in the North Durham submarket of Durham, North Carolina. JLL marketed the...

Legacy Partners and AIG joint venture close on Hayward development site

Legacy Partners (Legacy), a privately owned national real estate firm, in a joint venture with American International Group, Inc., announced today the acquisition of a 1.78-acre development site located at 28168 Mission Boulevard in...
Timberline Apartments

GFI Realty Services arranges $9.375 million sale of 307 unit garden apartment complex in...

GFI Realty Services, LLC announced the $9.375-million sale of Timberline Apartments aka 5900 Kinkead Avenue, a 307-unit garden apartment complex, located in Fort Smith, Arkansas. GFI Realty Associate Director Ohad Babo and Associate Eli...
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:...

Brew pub with a twist announced for historic 1907 handicraft guild building in downtown...

City Club Apartments announced today that it has executed a lease for a 3,500-square-foot brew pub and entertainment venue in the historic 1907 Handicraft Guild Building and Assembly Hall adjacent to its new 17-story...
Wild Pines of Naples Apartments

Franklin Street brokers $25.4 million sale of 200-unit apartment community in Naples, Florida

Franklin Street has brokered the sale of Wild Pines of Naples Apartments in the affluent Naples market on Florida’s southwest coast. The 200-unit, garden-style apartment community sold for $25.35 million, or $126,750 per unit. Franklin...
Westhills Apartment Homes

Gelt, Inc. sells 400-unit apartment property for $92 million after a three-year hold in...

Gelt, Inc., a Los Angeles-based real estate investment and asset management firm, is pleased to announce the $92 million sale of Westhills Apartment Homes, a 400-unit apartment property located at 453 Van Gordon Street...

Jonathan Rose Companies and Columbia Residential celebrate grand reopening of affordable housing community following...

Jonathan Rose Companies, in partnership with Columbia Residential, celebrated the completed $18 million redevelopment of Amani Place (formerly Edgewood Court) with a ribbon-cutting ceremony followed by property tours on Oct. 22. The partners have...
SW Ocala Portfolio

Marcus & Millichap arranges the sale of a 22-unit SW Ocala apartment portfolio

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of the SW Ocala Portfolio, a 22-unit apartment portfolio located in...
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