Tuesday, March 19, 2024

Deal boom

Apartment deals, mergers and acquisitions

Pathfinder Partners acquires ninth Seattle-area multifamily community

Pathfinder Partners, a San Diego-based firm specializing in value-add real estate investments, has announced the $18 million acquisition of Astoria Apartments – a 125-unit multifamily community located in the Seattle-Tacoma metro area at 5700...

The Altman Companies acquires land, closes loan and holds groundbreaking ceremony for its two...

The Altman Companies, a nationally recognized developer of exceptional rental apartment communities, announced today that it has closed on the land and its construction loan and held a Groundbreaking Ceremony for its two newest...
Confluence at Three Springs

Durango multihousing property sells to Denver-based private equity firm

JLL Capital Markets announced that it has arranged the sale of and acquisition financing for Confluence at Three Springs, a 171-unit, garden-style, multihousing community in Durango, Colorado. JLL marketed the property on behalf of the...

Cushman & Wakefield brings Bergen County multifamily asset to market

River Edge at Garfield, a newly constructed, 104-unit luxury apartment community at 600 Autumn Lane in Garfield, has come online for sale, announced Cushman & Wakefield. The commercial real estate services firm’s New Jersey...
The Cooper

Mesa West Capital funds $71.5 million loan to refinance suburban Charleston, SC multifamily community

Mesa West Capital has provided Atlanta-based real estate investment firm Audubon with a $71.5 million first mortgage, floating-rate loan secured by The Cooper, a 344-unit multifamily community in Mount Pleasant, South Carolina, a prominent...

Washington Property Company’s 8250 Solaire Georgia Avenue apartment building tops out

Washington Property Company (WPC) is celebrating the topping out of its latest luxury apartment community, Solaire 8250 Georgia Avenue. This amenity-rich 338-unit residence is located just two blocks from the Silver Spring (MD) Metro...
Foothill Terrace

Colliers facilitates sale of 25-unit apartment community in San Leandro for $6.8 million

Leading diversified professional services and investment management company Colliers recently facilitated the sale of a 25-unit multifamily property called Foothill Terrace in San Leandro. Colliers’ Senior Vice President Rich Martini procured the buyer and...
Madison Oglethorpe

Madison Communities Secures $35.5MM Financing for Savannah Multifamily Development Madison Oglethorpe

Madison Communities, the multifamily development affiliate of Madison Capital Group, has closed on the financing for Madison Oglethorpe, an upscale garden-style multifamily development located directly adjacent to Oglethorpe Mall in Savannah, Georgia. The $35,500,000 construction...
Villa Valentino

Universe Holdings acquires historic multifamily community in Hollywood for $6.9 million

Universe Holdings has acquired, Villa Valentino, an historic 18-unit multifamily community in Hollywood, CA for $6.9 million. Built in 1926, the property at 2000 N. Highland Boulevard and once home to Charlie Chaplin is registered...
Northcliffe Forest

Eastham Capital and Eller Capital Partners Announce Disposition of Northcliffe Forest Apartments in Winston-Salem,...

Eastham Capital, a private equity real estate firm dedicated to providing superior, risk-adjusted returns to investors through the transformation of undervalued multifamily real estate, announced the $28.75 million disposition of Northcliffe Forest Apartments, a...
Patten East

Mesa West Capital originates $33.5 million loan for acquisition of Austin, Texas apartment community

Mesa West Capital has provided Austin, TX-based real estate investment firm Wildhorn Capital with $33.5 million in short-term, first mortgage debt for the acquisition of a 284-unit multifamily community in Austin, TX. The five-year, floating...
Colonial Crest Apartments

Greystone Bel sells 48-unit multifamily property in Sturgis, MI

Greystone Bel recently closed the sale of Colonial Crest Apartments, a 48-unit multifamily property in Sturgis, Michigan for $1,785,000 or $37,188 per unit. Austin Hull of the Greystone Bel Real Estate Advisors investment sales team...
Willows at North End

The RADCO Companies announces sale of two-community portfolio in Spartanburg, SC to GoldOller and...

The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announced the sale of a two-community, 700-unit portfolio in Spartanburg, SC to GoldOller and National Property REIT Corp, a portfolio company...
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...
The Lakes Apartments

Levin Johnston completes $31.5 million sale of 102-unit multifamily community in Concord, California

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, announces its most recent multifamily transaction: the $31.5 million...
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