Deal boom

Apartment deals, mergers and acquisitions

S.L. Nusbaum Realty Co. breaks ground on Phase I of Riverbend Apartment Homes in...

S. L. Nusbaum Realty Co. is pleased to announce the groundbreaking on Phase I of Riverbend Apartment Homes, a 130-unit contemporary affordable housing community in Gloucester, Virginia. Riverbend is being constructed within minutes of Downtown...
Waterford Villas

Marcus & Millichap brokers deal on 116-unit apartment community for $20.6 million

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Waterford Villas, a 116-unit apartment property in Margate, Florida. The asset...
The Halifax

Institutional Property Advisors closes North Central Phoenix area multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Halifax, a 300-unit multifamily asset in Phoenix, Arizona. The $76 million sales price represents $253,333 per unit. “Nearby high-priced single-family...

New apartments and town Square for Twin Oaks, Mo.

In celebration of its founding 80 years ago, the city of Twin Oaks is getting a town square in the form of a $59 million mixed-use luxury apartment community that connects its residents to...
Riata

Institutional Property Advisors brokers $91 million multifamily sale in suburban Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap,  announced the sale of Riata, a newly constructed, 300-unit apartment complex in Chandler, Arizona. The property sold for $91 million, or $303,333 per unit. “The...
Aspire Residences

Draper and Kramer tops off and reveals name of 275-unit apartment tower in Chicago’s...

Draper and Kramer, Incorporated, yesterday celebrated the topping-off of its new 24-story, 275-unit apartment tower at 2111 S. Wabash Ave. in Chicago’s South Loop. Called Aspire Residences, the transit-oriented development—located less than a block...

CGI Strategies acquires troubled multifamily community in Orlando, Florida for $43 million

CGI Strategies has acquired Sola at Celebration, a vacant 306-unit luxury multifamily community in Celebration, FL. The property was purchased from Southstar Capital Group in a transaction valued at $43 million. Developed by Hines in...
West Line Village Apartments

West Line Village Apartments development receives $42.5 million loan

JLL Capital Markets announced that it has arranged the $42.5 million construction loan for the development of West Line Village Apartments, a 281-unit, Class A multihousing community in the Denver suburb of Lakewood, Colorado. JLL...
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...
Orlando on the Lake

Cushman & Wakefield arranges $18 million sale of 189-unit lakefront multifamily asset

Cushman & Wakefield announced that the real estate services firm arranged the sale of Orlando on the Lake, a 189-unit lakefront multifamily asset in Orlando. The final sale price was $18,000,000, equating to more...

Dominium completes 1.5 million renovation of new luxury apartment community in Beaufort

Dominium, a Minneapolis-based leading apartment owner, developer and manager, announced today the completion of the renovation of the 160-unit development in Beaufort, South Carolina. The property formerly known as Waterford Cove has been converted...

Luxury San Francisco Peninsula multifamily sale closed by Institutional Property Advisors (IPA) for $88.65...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Township Apartments, a 132-unit apartment asset in Redwood City, California. The sales price is $88.65 million, or $671,591 per unit...
Cedar Grove

Trion Properties augments East Bay holdings with acquisition of 61-unit multifamily community in San...

Trion Properties, a private equity real estate firm that specializes in multifamily investments in western markets, has expanded its East Bay portfolio with the acquisition of Cedar Grove, a 61-unit multifamily community located in...

Ginnie Mae MBS outstanding increases to $1.950 trillion

Ginnie Mae today announced that issuance of its mortgage-backed securities (MBS) totaled $34 billion in April. A breakdown of April issuance includes $32.437 billion of Ginnie Mae II MBS and $1.631 billion of Ginnie Mae...
Riverhaus Creekside

Institutional Property Advisors negotiates Texas Hill Country multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Riverhaus Creekside, a 281-unit multifamily asset located within the Town Center at Creekside, a 400-plus-acre mixed-use development in New Braunfels,...
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