Deal boom

Apartment deals, mergers and acquisitions

Silverwood Apartments

Gelt, Inc. buys 164-unit apartment community in Gresham, Oregon for $30 million

Gelt, Inc., a Los Angeles-based real estate investment and asset management firm, is pleased to announce it has acquired Silverwood Apartments for $30 million. The 164-unit property is located at 4777 SW 11th St.,...
Sunstone Palms

The RADCO Companies announces $59 million sale of Sunstone Palms in Tampa, Florida

The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announced the sale of Sunstone Palms, a 536-unit apartment community located at 12702 University Club Drive in Tampa, Florida. The property...
Revival on Thomas

Marcus & Millichap sells Phoenix multifamily asset for $21 million

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Revival on Thomas, a 155-unit apartment complex in Phoenix. The...

Wood Partners announces groundbreaking of Alta Spring Creek in Garland

​​​​Wood Partners, a national leader in multifamily real estate development and acquisition, announced earlier today the groundbreaking of its newest luxury residential community—Alta Spring Creek—in Garland, Texas. Located at 6310 Naaman Forest Blvd., the new...
Cadence at Crown

JRK Property Holdings acquisition of 538-unit apartment community beginning of $1.6 billion in transaction...

JRK Property Holdings, one of the largest multifamily landlords in the United States, has acquired a 538-unit apartment complex in the Washington, DC suburb of Gaithersburg, MD,  the first in a series of acquisitions...
East Park Apartments Ribbon Cutting

Mayor Emanuel joins The Habitat Company to celebrate the completion of $16M acquisition and...

Chicago-based The Habitat Company, a leading U.S. multifamily developer and property manager, announced today the completion of a $16 million acquisition and rehabilitation of a 153-unit single room occupancy (SRO) community in Chicago’s East...

Franklin Street brokers $26.5 million apartment complex sale in Orlando

Franklin Street has brokered the sale of The Park at Vittoria, a 208-unit luxury apartment community located at 5224 Long Road in the Rosemont submarket of Orlando, Fla. The new owners have since renamed...

Affirmed Housing to break ground on Della Rosa, serving Orange County’s chronically homeless and...

Affirmed Housing will host a groundbreaking ceremony for Della Rosa, a new housing community serving individuals experiencing chronic homelessness and households with low income. Located at 14800 Beach Boulevard in Westminster, CA, the 9am...

CA Ventures begins construction on RISE on Chauncey near Purdue University

CA Student Living, the student housing investment and development division of Chicago-based CA Ventures, today announced construction is underway at RISE on Chauncey, a 16-story, 675-bed development at 100 S. Chauncey Ave. in West...
101 West

Trophy Barrington multihousing property purchased for $20.75 million

JLL Capital Markets announced it closed the $20.75 million sale of 101 West, a trophy apartment community located in the sought-after suburb of Barrington, Illinois, which is about 40 miles from Chicago. JLL worked on...

Skyline LLC and ND Consulting acquire Silver City Apartments for $8.9 million

Affordable Housing Investment Brokerage recently brokered Silver City Apartments, in Kansas City, Kansas for $8,900,000. Dan Piatkowski with Affordable Housing Investment Brokerage, Inc. worked collectively with the buyer and seller to complete the transaction. ...
4325 Franklin Avenue

Universe Holdings assembling $65 million Southern California multifamily portfolio

Universe Holdings has acquired a 17-unit apartment building in Los Angeles’ Los Feliz neighborhood, the first asset in a $65 million, 249-unit Southern California multifamily portfolio, expected to close within the next 30 days. Built...
Lodge at Piner Road

Financing arranged to develop Class A seniors housing community

JLL Capital Markets announced it arranged financing for the Lodge at Piner Road, a 92-unit seniors housing development located in Santa Rosa, California, part of Sonoma County. JLL represented the borrower, Blue Mountain Enterprises and...
155 Garland Street, Traverse City

Knighthead Funding originates loans totaling $37.3 million for Michigan multifamily projects

Knighthead Funding LLC, has originated separate loans totaling $37.3 million for the development of three multifamily projects in Michigan. All three non-recourse loans range in term from 18 to 36 months and are secured by...
South Hills Apartments

Greater Los Angeles multifamily asset sold by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of South Hills Apartments, an 85-unit apartment property in West Covina, California. The $31.95 million sales price equates to $375,882 per...
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