Deal boom

Apartment deals, mergers and acquisitions

THEA at Metropolis

JLL completes acquisition financing of ultra-luxury Downtown Los Angeles multihousing tower

JLL Capital Markets announced that it has arranged the acquisition financing for THEA at Metropolis, a 685-unit, ultra-luxury, high-rise multihousing community located in Downtown Los Angeles. JLL worked on behalf of the new owner to...
Foxborough Apartments

Institutional Property Advisors brokers sale of Orange County multifamily asset

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Foxborough Apartments, a 90-unit apartment complex in Orange, California. The property was acquired by Advanced Real Estate of Irvine, California. Advanced...
Omnia on Thomas

FCP partners again with Avanti Residential, acquiring Omnia on Thomas Apartments in Phoenix, Ariz....

FCP and joint venture partner Avanti Residential announce the $65 million acquisition of Omnia on Thomas, a 382-unit garden apartment community at 1645 E. Thomas Road in Phoenix, Ariz. Omnia on Thomas represents FCP’s third...
Sunnyview Villa Apartments

The Mogharebi Group brokers $11.25 million sale of 44-unit affordable housing community in Palm...

The Mogharebi Group (TMG) has brokered the sale of a 44-unit garden-style multifamily community in Palm Springs, Calif. for $11.25 million. The buyer of the fully occupied property is a California-based affordable housing investor. Sunnyview...
Cleveland Paradise Apartments

Marcus & Millichap arranges the $9.35 million sale of apartments in Hollywood, Florida

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Cleveland Paradise Apartments, a 34,871-square-foot apartment complex in Hollywood, Florida. The...
Eastyn Park Apts

Institutional Property Advisors brokers sale and arranges financing for Tucson multifamily asset

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Eastyn Park, a 279-unit multifamily property in Tucson, Arizona. The $42.5 million sales price equates to $152,329 per unit. “Eastyn Park...
LH3 Portfolio

Institutional Property Advisors closes three-property multifamily portfolio sale in North Dallas

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of the LH3 Portfolio; three multifamily properties located in Richardson and Dallas, Texas. The assets in Richardson are Belterra, 314 units...
The Bluffs

JVM Realty Corp. acquires luxury apartment community southwest of Chicago

JVM Realty Corp., a leading vertically integrated multifamily real estate investment and property management firm, announced it has acquired Seasons at Romeoville, a 240-unit luxury apartment community in the Chicago suburb of Romeoville, from...
Elevate

Institutional Property Advisors negotiates Tucson multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Elevate, a 144-unit apartment property in Tucson, Arizona. The asset traded for $21.8 million, or $151,389 per unit. “Previous ownership enhanced...
Hillcrest Acres Apartments

MassHousing closes on $18 million for the refinancing, preservation of affordability and extensive renovation...

MassHousing has provided a total of $18 million in affordable housing financing to the non-profit Retirement Housing Foundation (RHF), and its development consultant, the Schochet Companies, for the refinancing, preservation of affordability and renovation...
The Tides Waterfront

Marcus & Millichap completes Fort Worth multifamily asset sale

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Tides Waterfront, a 386-unit multifamily asset in Fort Worth, Texas. “Tides Waterfront...

Levin Johnston directs 1031 exchange of multifamily communities in San Mateo County

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S., specializing in wealth management through commercial real estate investments, has successfully directed the sale of two San Mateo...
Dock Street Flats

Sale of Minneapolis apartment community closes

JLL Capital Markets announced that it has closed the sale of Dock Street Flats, a 185-unit, 2013-built, luxury apartment community with 2,852 square feet of retail located within the historic North Loop neighborhood in...
Breckenridge Apartments

DLP Capital finances $24 million multifamily by Idaho Capital of Boise

DLP Capital, a private real estate investment and financial services firm, announced that it has provided $24.4 million in acquisition financing for a new, 160-unit multifamily property in the greater Boise, Idaho metro area....
Abberly NoDa Vista

Charlotte multihousing asset trades for $91 million

JLL Capital Markets announced that it has closed the $91 million acquisition of and the $60.3 million financing for Abberly NoDa Vista (formerly known as Live at NoDa), a 261-unit, five-story, wrap-style apartment within...
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