Saturday, September 23, 2023

Deal boom

Apartment deals, mergers and acquisitions

The Wildwood Apartments

Sale of Newly Built Multi-Housing Community in Houston MSA Closes

JLL Capital Markets announced today that it has closed the sale of and arranged the financing for The Wildwood Apartments, a 300-unit, newly developed, institutional, Class A multi-housing community located in the Houston suburb...
Kelby Farms

Marcus & Millichap Brokers $84.75 Million Multifamily Asset Sale in Raleigh-Durham North Carolina

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Kelby Farms, a 277-unit multifamily property in Durham, North Carolina....
Beals Street Brookline

Marcus & Millichap Brokers the $5 Million Sale of Greater Boston Apartments

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Beals Street Apartments, a nine-unit apartment property located at 10...
Harbordale Residences

Marcus & Millichap Sells $2.6 Million Multifamily Property

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Harbordale Residences in Fort Lauderdale, Florida. The property sold for...
Windrift Apartments

Eagle Property Capital Acquires Orlando Apartment Community

Eagle Property Capital Investments acquired Windrift Apartments, a 288-unit apartment community located in Orlando, Florida for an undisclosed amount. Berkadia arranged financing through Fannie Mae. With this acquisition, EPC expanded its footprint in the Orlando...
Ari on Fourth Apartments

Leasing Office Now Open for Ari on Fourth Apartments in Downtown Tucson Arizona

The Opus Group today announced the leasing office is now open for Ari on Fourth Apartments, the new mixed-use project in downtown Tucson, Arizona. The leasing office address is 218 North Fourth Avenue, directly across from...
Cabana Happy Valley

Institutional Property Advisors Closes $79.25 Million Multifamily Asset Sale in Greater Phoenix

Institutional Property Advisors, a division of Marcus & Millichap, announced today the sale of Cabana Happy Valley, a 292-multifamily asset in Phoenix, Arizona. The property sold for $79.25 million or $271,404 per unit. “Cabana Happy...
Sheridan Ridge Townhomes

Affordable Colorado Apartments to Introduce Profit Sharing and Other Wealth Building Features for Renters

Enterprise Community Partners announced today that Sheridan Ridge Townhomes and Willow Green Townhomes, located just outside Denver Colorado and owned by Archway Communities, are the first investments of the Renter Wealth Creation Fund, an...
Tavalo Tradition

Berkadia Arranges $37.5M in Acquisition Financing for Tavalo Tradition

Berkadia announces it has arranged the acquisition financing for Tavalo Tradition, a 216-townhome build-to-rent community located on one of the last developable parcels of land within the Tradition Master Planned Community in Port St....
Elements Apartments

$42.7m Construction Take-Out Financing Secured for Multi-Housing Development on the California Central Coast

JLL Capital Markets announced today that it has arranged the $42.7 million pre-TCO construction take-out financing for Elements Apartments, a 167-unit multi-housing community located in Santa Maria, California. JLL represented the borrower, The Vernon Group,...
Bainbridge Cary

The Bainbridge Companies Opens Bainbridge Cary in North Carolina

The Bainbridge Companies, a fully-integrated family of real estate companies who engage in virtually every step of the real estate process, from development and construction, acquisition and disposition, to asset management and third-party property...
Nineteen01

TruAmerica Finalizes $103M Purchase of Apartment Complex in Santa Ana, California

TruAmerica Multifamily, a national, institutionally-focused multifamily investment firm, expanded its Southern California portfolio with the $102.9 million purchase of Nineteen01, a 264-unit apartment asset in Santa Ana, CA. The Class A property, which was...
Aiya

$112 Million Multifamily Asset Sale and Financing Brokered by Institutional Property Advisors

Institutional Property Advisors, a division of Marcus & Millichap, announced today the sale of Aiya, a 360-unit multifamily asset in Gilbert, Arizona. The property sold for $112 million, or $311,111 per unit. “Gilbert has one...
The Park at Via Teano

Cushman & Wakefield Arranges Sale of The Park at Via Teano

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Park at Via Teano, a 208-unit multifamily community located at 1400 Hancock Boulevard, Daytona Beach, Florida. Mike Donaldson...
The Battery

Sentral to Open Three New Residential Hospitality Communities in Los Angeles and Philadelphia

Sentral, the leading full-building residential hospitality operator, today announced that it will manage three new luxury residential communities in Los Angeles: Figueroa Eight (744 S Figueroa Street, Los Angeles), developed by Mitsui Fudosan America,...
Yield PRO