Friday, May 3, 2024

Deal boom

Apartment deals, mergers and acquisitions

Coventry Court IV Apartments

Kidder Mathews sells 120 total units in South Tacoma, Washington

Coventry Court IV Apartments, a garden-style apartment totaling 100 units located at 908 76th Street Court East in Tacoma, Washington, sold for $21,150,000 in an on-market sale by Kidder Mathews. The seller was an...
Gardens on Paris

DB Capital acquires second multifamily property in Denver Metro in a month, expanding its...

DB Capital Management (DB Capital) has acquired its second multifamily asset in the Denver metro in the last month with the purchase of Gardens on Paris, a 149-unit apartment community is Aurora, Colorado, for...
River Ridge Apartments

PCCP, LLC provides senior loan for the acquisition and renovation of a 180-unit apartment...

PCCP, LLC has provided a senior loan to a joint venture between funds managed by Oaktree Capital Management, L.P. and Security Properties for the acquisition and renovation of River Ridge Apartments located at 17865...
Oasis at Belmont Park

Cushman & Wakefield arranges sale & financing of Oasis at Belmont multifamily community

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Oasis at Belmont Park, a 234-unit apartment community located in Manatee County at 4300 18th St. W. Nick Meoli and...
The Summit on Thomas apartments

100-unit Summit on Thomas Apartments in Phoenix sell for $21 million

The Summit on Thomas apartments in Phoenix have been sold to Cowabunga, LLC for $21 million. Cowabunga is a private capital family office focused on the acquisition of urban infill sustainable communities throughout Phoenix....
Urbana at Hayward

ABI Multifamily brokers 34-unit Northwest Phoenix apartment community for $9.5 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $9,500,000 / $279,412 Per Unit / $376.15 Per SF sale of Urbana at Hayward, a...
Country Gardens Apartments

Institutional Property Advisors closes multifamily asset sale in New York’s Capital District

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Country Gardens Apartments, a 168-unit multifamily asset in Troy, New York. “Owned by the same family since its construction in 1985,...
2225 3rd Avenue North

Parkview Financial provides $22.5 million loan for the redevelopment of former American Red Cross...

Parkview Financial announced it has provided a $22.5 million loan to EPT Holdings, LLC for a mixed-use redevelopment project located at 2225 3rd Avenue North in Birmingham, AL. Built in 1947, the five-story property...
640 Stanley Avenue

Stepp Commercial completes $6.5 million sale of 16-unit apartment property in Rose Park Neighborhood...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $6.5 million sale of a 16-unit apartment property located at 640 Stanley Avenue in the Rose Park neighborhood of...
The Orchards Apartments

CBRE arranges sale of 156-unit direct entry community in Marlborough, Mass for $59.2 million

CBRE announced that it has arranged the $59.2 million sale of The Orchards Apartments, a 156-unit direct entry garden style apartment community located at 3 Farmhouse Lane in Marlborough, Massachusetts. CBRE Capital Markets’ multihousing experts...
Terra Village

Trion Properties makes largest acquisition to date with $108.75 million off-market acquisition in highly-desirable...

Trion Properties, a multifamily investment sponsor and private equity real estate firm based in West Hollywood, California and Miami, Florida, has successfully completed the off-market acquisition of Terra Village, a 402-unit multifamily community in...
Briarcrest Apartments

MC Companies acquires Briarcrest Apartments in Carrollton, Texas

Multifamily investor, developer and manager MC Companies has announced its acquisition of Briarcrest Apartments, a value-add multifamily community located just north of Dallas. Built in 1983, the property’s apartment units have not been renovated...
Henley Place

PCCP, LLC provides a $50.8 million senior loan for the development of a 178-unit...

PCCP, LLC has provided a $50.8 million senior loan to Pahlisch Commercial for the ground-up construction of Henley Place, a 178-unit, six-story multifamily community located on SE Main Street in Milwaukie, Oregon, a suburb...
Residences at Highland Glen

CBRE arranges sale of 102-unit community in Westwood, MA for $35.25 million

CBRE announced that it has arranged the $35.25 million sale of Residences at Highland Glen, a 102-unit age restricted, garden-style apartment community located at 4100 Highland Glen Road in Westwood, Massachusetts. CBRE Capital Markets’ multihousing...
Veranda at Norton Commons

Cushman & Wakefield, Commercial Kentucky arrange sale of Veranda at Norton Commons

Cushman & Wakefield and its alliance member Commercial Kentucky announced that they have arranged the sale of Veranda at Norton Commons, a 236-unit multifamily property in northeast Louisville. Mike Kemether of Cushman & Wakefield along...
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