Saturday, May 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

Cambridge arranges $32.7 million HUD loan to refinance Zion Towers

Cambridge Realty Capital Companies reports funding a $32,750,000 HUD insured loan to purchase and moderately rehabilitate Zion Towers, a 211-unit affordable elderly housing complex located in Baltimore, MD. Jeffery A. Davis, Cambridge Chairman, said...
Station440

Interra Realty brokers $16.9 million sale of new apartment community on Chicago’s North Shore

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $16.9 million sale of Station440, a 48-unit multifamily property in Highwood, Ill. Interra Managing Partner Craig Martin represented Benchmark Developers in...
The Sinclair Apartment Homes

Grand Opening of The Sinclair, New $40M Affordable Housing Apartments Community in Columbus, Ohio

Leaders with the Columbus Metropolitan Housing Authority (CMHA) and The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, joined today with Columbus Mayor Andrew Ginther, state Senator Hearcel Craig,...

Riverside Capital Invests in new family housing on Oahu, Hawaii

Riverside Capital, LLC (“Riverside”), a leading provider of capital for high quality affordable housing developments, is pleased to announce it has invested $16.5 million in the construction of new affordable family housing in East...
Parcel H

JLL Secures $92.34M in Financing for Parcel H, Planned 12-Story Luxury Apartment Building in...

JLL Capital Markets announced that it has arranged the $92.34 million construction financing for Parcel H, a 354-unit, to-be-constructed, 12-story luxury apartment building located within the Washington, D.C. metro in North Bethesda, Maryland. In 2001,...

Fore Property announces sale of Rivage Residential Community in Portland metro area

Fore Property (Fore), one of the country’s top 20 largest multifamily developers, today announced the sale of Rivage, a 260-unit apartment community in Portland, Oregon, to Magnolia Capital. Rivage was stabilized at the time of...

Evergreen Real Estate Group and Chicago Housing Authority celebrate completion of Oso Apartments in...

Evergreen Real Estate Group, in partnership with the Chicago Housing Authority, has announced the completion of Oso Apartments, a 48-unit affordable rental community at 3435 W. Montrose Ave. in Chicago’s Albany Park neighborhood. The...

Jonathan Rose Companies and Columbia Residential celebrate grand reopening of affordable housing community following...

Jonathan Rose Companies, in partnership with Columbia Residential, celebrated the completed $18 million redevelopment of Amani Place (formerly Edgewood Court) with a ribbon-cutting ceremony followed by property tours on Oct. 22. The partners have...

PCCP, LLC provides $100.6 million senior loan for the development of a 380-unit multifamily...

PCCP, LLC announced that it has provided a $100.6 million senior loan to a joint venture of Woodfield Investments and Argosy Real Estate Partners for the development of Morrison Yard, a 380-unit multifamily community...
DUET

Marcus & Millichap arranges the sale of 31 apartments at the corner of Lincoln...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of DUET, located in the heart of Lincoln Park at the corner...
LAS CASITAS APARTMENT

Texas multifamily property management company carves footprint into Arizona market

Roscoe Property Management (RPM), a national leader in multifamily property management, announced its expansion into the Arizona market through a merger with Phoenix-based Maverick Residential and the opening of a new regional office in...
Solare Apartments

Marcus & Millichap closes $63.75 million multifamily asset sale in Greater Los Angeles

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Solare Apartments, a 240-unit multifamily asset in Santa Ana, California. The...
Le Marais Apartments

Multifamily asset sold in Tallahassee by Marcus & Millichap

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Le Marais Apartments, a 24-unit apartment property located in Tallahassee, Fla.,...
The Duplexes on 59th

Multifamily asset sold in Bradenton by the RPH Multifamily Group of Marcus & Millichap

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Duplexes on 59th, an 18-unit apartment property located in Bradenton,...
Arbour Court

Berkadia arranges sale and financing of Arbour Court Apartments in Seattle

Berkadia announces it has arranged the sale and financing of Arbour Court, a 75-unit garden-style apartment community located in Burien, a suburb of Seattle, Wash. The property traded for $19.1 million. Senior Managing Director Kenny...
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