Deal boom

Apartment deals, mergers and acquisitions

Briarcrest Apartments

MC Companies acquires Briarcrest Apartments in Carrollton, Texas

Multifamily investor, developer and manager MC Companies has announced its acquisition of Briarcrest Apartments, a value-add multifamily community located just north of Dallas. Built in 1983, the property’s apartment units have not been renovated...
Henley Place

PCCP, LLC provides a $50.8 million senior loan for the development of a 178-unit...

PCCP, LLC has provided a $50.8 million senior loan to Pahlisch Commercial for the ground-up construction of Henley Place, a 178-unit, six-story multifamily community located on SE Main Street in Milwaukie, Oregon, a suburb...
Terra Village

Trion Properties makes largest acquisition to date with $108.75 million off-market acquisition in highly-desirable...

Trion Properties, a multifamily investment sponsor and private equity real estate firm based in West Hollywood, California and Miami, Florida, has successfully completed the off-market acquisition of Terra Village, a 402-unit multifamily community in...
Foothill Ridge

Institutional Property Advisors brokers $82 million Inland Empire multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Foothill Ridge, a 232-unit apartment asset in Upland, California. The $82 million sales price equates to $353,448 per unit. “Foothill Ridge...
Valley and Bloom

$87.1 million financing arranged for New Jersey multihousing community

JLL Capital Markets announced that it has arranged the $87.1 million financing of Valley and Bloom, a two-building, 258-unit, mixed-use multihousing community in Montclair, New Jersey. In addition to the residential units, the property...
Veranda at Norton Commons

Cushman & Wakefield, Commercial Kentucky arrange sale of Veranda at Norton Commons

Cushman & Wakefield and its alliance member Commercial Kentucky announced that they have arranged the sale of Veranda at Norton Commons, a 236-unit multifamily property in northeast Louisville. Mike Kemether of Cushman & Wakefield along...
ReNew TPC

DB Capital acquires second multifamily property in San Antonio, expanding its Texas portfolio to...

Multifamily investment firm DB Capital Management (DB Capital) has made its second acquisition in San Antonio with the purchase of ReNew TPC, a 408-unit garden-style multifamily community. The Los Angeles-based firm entered the San...
Country Gardens Apartments

Institutional Property Advisors closes multifamily asset sale in New York’s Capital District

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Country Gardens Apartments, a 168-unit multifamily asset in Troy, New York. “Owned by the same family since its construction in 1985,...
2225 3rd Avenue North

Parkview Financial provides $22.5 million loan for the redevelopment of former American Red Cross...

Parkview Financial announced it has provided a $22.5 million loan to EPT Holdings, LLC for a mixed-use redevelopment project located at 2225 3rd Avenue North in Birmingham, AL. Built in 1947, the five-story property...
Litchford 315 Apartments

Magma Equities eclipses $500 million in multifamily investment volume in 2022 with largest single...

Magma Equities (Magma) has acquired the recently completed Litchford 315 Apartments, a 240-unit multifamily community in Raleigh, North Carolina, in an $83 million off-market transaction. This represents Magma’s fourth apartment investment of the year...
Chatsworth Apartments

ECI Group announces sale of Chatsworth Apartments in Chamblee, Georgia

ECI Group announces the sale of Chatsworth Apartments in the Central Perimeter area in Chamblee, Georgia for $87 million. The 410-unit, 1980 vintage community was acquired by ECI in 2018 and underwent an extensive...
The Whitley Apartments

IMG announces South Carolina portfolio expansion

Investors Management Group, Inc. (IMG) has expanded its South Carolina multifamily portfolio with the acquisition of The Whitley Apartments in the city of Central. Over the past year, IMG has sponsored the acquisition of...
Hunters Chase Apartments

Capital Square acquires 12th multifamily community near Richmond, Virginia, for DST offerings

Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced the acquisition of Hunter’s Chase, a 320-unit apartment community in the Richmond suburb...
Casa 2055 Apartment Homes

Stepp Commercial completes $5.3 million sale of a newly renovated, 13-unit apartment property in...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $5.3 million sale of Casa 2055 Apartment Homes, a newly renovated, 13-unit multifamily property located at 2055 E. 3rd...
Apex Glassworks

Invictus, L3C acquire multifamily asset in Nashville’s Metrocenter submarket for $93.6 million

Newmark announces the $93.6 million sale and $69 million financing of Apex Glassworks, a 282-unit, recently constructed multifamily community located in Metrocenter, a fast-growing infill submarket in the heart of Nashville. The property traded from...
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