Wednesday, May 1, 2024

Deal boom

Apartment deals, mergers and acquisitions

Athens Reserve Apartments

The Multifamily Group Completes the Sale of 122-unit Athens Reserve Apartments in The Dallas/Tyler...

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced the sale of Athens Reserve Apartments in Athens, Texas. Managing Partner Paul Yazbeck successfully procured the buyer, who is a Dallas-based Multifamily Developer. Yazbeck...
SoMi Parc

Miami-Dade County and Related Group Celebrate Grand Opening of Residences at SoMi Parc in...

Related Urban Development Group, the affordable and workforce housing arm of Related Group, together with Miami-Dade County's Public Housing and Community Development (PHCD), celebrated the grand opening of Residences at SoMi Parc, a 172-unit...
Villas at 28th Street

Kennedy Wilson and Haseko Corporation Team Up in $90M Purchase of The Farmstead and...

A real estate fund managed by Kennedy Wilson has partnered with Haseko Corporation on a $90 million multifamily buy in Vancouver, Washington. The venture acquired a two-property, 350-unit ($257k/unit) portfolio consisting of The Farmstead...
Pointe on Rio

Landmark Properties Acquires Pointe on Rio in Austin Texas

Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management, and operation of high-quality residential communities, has acquired Pointe on Rio in Austin, Texas. Built in 2014, this mid-rise community at 1901...
The Alcove

Meta Housing Corp and R.D. Olson Construction Starts Work on Affordable Housing Project The...

Meta Housing Corp has broken ground on a new 238k square-foot, seven-story affordable housing apartment complex in the western San Fernando Valley community of Woodland Hills known as The Alcove. The project is being...
The Flats at Dorsett Ridge

Northmarq Announces $54M Sale and Acquisition Financing of Luxury Multifamily Community The Flats at...

Northmarq’s Midwest Investment Sales team of Regional Managing Director Parker Stewart and Managing Director Dominic Martinez brokered the $54.1 million sale of a 214-unit multifamily property in Maryland Heights, Missouri. Built in 2021, The...
Premiere at Eastmark

Institutional Property Advisors Closes East Valley Land Sale for Upcoming Premiere at Eastmark Multifamily...

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of The Premiere at Eastmark 3.0,a fully entitled 8.55-acre multifamily development site in Eastmark, a master-planned community in Mesa, Arizona. The property sold...
The Flats at 9338

Northmarq’s Multifamily Investment Sales Team Brokers Sale of 88-unit The Flats at 9338 Apartment...

Northmarq’s San Antonio Multifamily Investment Sales team led by Zar Haro, Moses SillerBryan VanCura, Phil Grafe, Brian Booth, Rudy Dodier and Kevin Garza brokered the sale of an 88-unit multifamily property in the Northeast...
Lake Quannapowitt Multifamily

JLL Secured Development Capital for the 440-unit Multifamily Project Located Along Lake Quannapowitt in...

JLL Capital Markets announced that it has arranged a capitalization for 200 Quannapowitt, a 440-unit, transit-oriented multifamily community to be built in Wakefield, Massachusetts, on Lake Quannapowitt. JLL worked on behalf of the developer Cabot,...
Regatta Apartment Homes

Northmarq Brokers Sale of Regatta Apartment Homes in San Antonio

Northmarq’s San Antonio Multifamily Investment Sales team led by Zar Haro, Moses Siller, Bryan VanCura, Phil Grafe, Brian Booth, Rudy Dodier and Kevin Garza. successfully facilitated the sale of Regatta Apartment Homes, a 200-unit...
Kaulana Mahina Apartments

Legacy Partners and AFL-CIO Building Investment Trust Open Kaulana Mahina Apartments in Maui

Legacy Partners, a privately held national real estate firm, and AFL-CIO Building Investment Trust, announced the opening of Kaulana Mahina Apartments, a 324-residence community in the Central Maui community of Wailuku, Hawai’i. Designed as “workforce...
Tanzanite

Tanzanite Homes Bringing 211 New BTR Single-Family Rentals to the Sacramento Market

Tanzanite Homes is the City of Sacramento’s first Build-To-Rent (BTR) single-family home community and the first to add a mix of Accessory Dwelling Units (ADU.) It is located in the Natomas neighborhood, featuring 211...
The Gates at Marina

Bay Area Multifamily Community The Gates at Marina Gets Recapitalized in Deal that Values...

Interstate Equities Corporation (IEC) has recapitalized The Gates at Marina, a 136-unit multifamily garden-style community in Marina, California. The deal gives a co-mingled fund advised by New York-based Clarion Partners a majority stake in...
Vida at Morgan Hill

MBK Rental Nearing Completion of Construction on New 389-Unit Multifamily Community Vida at Morgan...

Vida at Morgan Hill, a new, Class A, 389-unit, three-story residential community in the Silicon Valley city of Morgan Hill, has been completed and is now leasing. The project, a development of MBK Rental...
Verde

Construction Nearing Completion on New 254-Unit Multifamily Tower Verde in San Francisco’s Mission Rock...

Verde, a new 254-unit multifamily development in San Francisco’s Mission Rock neighborhood, has been completed and has now begun leasing. Verde is the second residential tower to be completed at Mission Rock. Designed by award-winning...
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