Deal boom

Apartment deals, mergers and acquisitions

Bloomingdale Trails

Parkview Financial provides $19 million construction loan for a four-building, 90-unit multifamily project in...

Parkview Financial announced it has provided a nearly $19 million construction loan to Schiller Park, IL-based MB Bloomingdale Trails, LLC for the development of Bloomingdale Trails a 90-unit multifamily rental project located at 290...

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...
Bedford Towers, New Bedford

Affordability extended for lower-income households at new Bedford housing community as a result of...

MassHousing  has provided $19.9  million in  affordable housing financing to  Kempton New Bedford Limited Partnership to  preserve and  extend the affordability  for lower-income households for at least 20 years at the 157-unit Bedford Towers in New Bedford. “Bedford Towers has been a longstanding...

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,...
Cote Village, Mattapan

MassHousing closes on $22.6 million in financing to create a new, 76-unit affordable housing...

MassHousing has closed on a total of $22.6 million in affordable housing financing to the Planning Office for Urban Affairs (POUA) and Caribbean Integration Community Development (CICD) for the construction of the 76-unit Cote Village housing community in Mattapan.   The Planning Office for Urban Affairs and CICD...

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...
Ashford 2788

The RADCO Companies announces sale of Ashford 2788 Apartment Complex in Atlanta for $49.5...

The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announced the sale of Ashford 2788, a 297-unit apartment community in Atlanta, GA to Quintus for approximately $49.5 million. RADCO acquired the...
Hampton Parkway

Interra Realty brokers $17 million deconversion sale in Evanston, Illinois

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $17 million deconversion sale of 2730-66 Hampton Parkway, a 91-unit multifamily building near Northwestern University in Evanston, Ill. The property...
Liberty Crossing

Institutional Property Advisors brokers multifamily sale in Utah

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Liberty Crossing, a 95-unit multifamily asset in Salt Lake City, Utah. “The underlying dynamics of the Salt Lake City investment market...
Element 28

Bethesda apartment community receives $34.25 million refinancing

JLL Capital Markets announced that it has arranged a $34.25 million refinancing for Element 28, a 101-unit, best-in-class boutique apartment building with 3,500 square feet of ground-floor retail space in Bethesda, Maryland. JLL worked on...
The Residences at Galleria Rendering

Block Real Estate secures $21 million equity for apartment development

JLL Capital Markets announced that it has arranged $21 million in joint venture equity for the development of The Residences at Galleria, a 322-unit, Class A, podium multihousing community in the suburban Kansas City...

Tower 16 Capital Partners acquires Lilly Garden Apartments, its first multifamily project in Phoenix,...

San Diego-based Tower 16 Capital Partners, in partnership with HG Capital, has acquired Lilly Garden Apartments, a 180-unit multifamily project in Phoenix. The property was acquired on an off-market basis from a private seller...

Evergreen Real Estate Group celebrates first move-ins at Northtown Apartments, bringing co-located affordable senior...

Evergreen Real Estate Group today announced the first residents have moved into Northtown Apartments, a 44-unit affordable senior housing community connected to and developed simultaneously with the new Northtown Public Library in Chicago’s West...
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...
Acero Glendale

PCCP, LLC provides $39.4 million senior loan for the development of a 352-unit apartment...

PCCP, LLC announced that it has provided a $39.4 million senior loan to IDM Companies for the ground-up development of Acero Glendale, a Class A garden-style multifamily community located at the northwest corner of...
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