Saturday, May 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

Soleste Grand Central

Avanti Residential acquires $181 million Soleste Grand Central apartments in Miami

Denver-based Avanti Residential has acquired Soleste Grand Central, a newly built luxury 360-unit apartment community in downtown Miami. Avanti purchased the Class A multifamily community for $181 million from The Estate Companies, who developed...
The Retreat

Thompson Thrift Residential sells The Retreat in Corpus Christi

Thompson Thrift Residential, a wholly-owned company of Indianapolis-based Thompson Thrift, announced the sale of The Retreat, a 324-unit multifamily community located in The District of Timbergate area of Corpus Christi. A private real estate...
Rio Vista

Marcus & Millichap completes multifamily asset sale in Dallas/Fort Worth Metroplex

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Rio Vista, a 246-unit apartment asset in the northeast suburbs of...
Copper Creek

Marcus & Millichap closes two-property metroplex multifamily sale for $71.5 million

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of two multifamily properties in Dallas-Fort Worth. The assets are Copper Creek,...
The Cottages on Hayward

ABI Multifamily brokers 30-unit Northwest Phoenix apartment community for $7.65 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $7,650,000 / $255,000 Per Unit / $297.96 Per SF sale of The Cottages on Hayward,...
Alley24

The Jacobson Company sells 172-unit multifamily community in downtown Seattle for $90 million

The Jacobson Company, a leading private real estate investment and management company, has sold Alley24, a 172-unit multifamily property in Seattle, Washington for $90 million. The firm initially acquired the asset for $72 million...
Hunter's Ridge

Thayer Manca Residential expands New Mexico portfolio

Thayer Manca Residential (TMR) has purchased their newest multifamily property in Albuquerque, New Mexico. TMR acquired Hunter’s Ridge, a 144-unit property, as they continue to invest in the New Mexico multifamily market. This is...
Creekside Villas at Clear Lake

Berkadia arranges sale and finance of garden-style workforce multifamily community in Houston, Texas

Berkadia announces it has arranged the sale and finance of Creekside Villas at Clear Lake, a 202-unit workforce housing community in Houston, Texas. Managing Directors Joey Rippel and Chris Young, Director Kyle Whitney, Managing...
Solis Cumming

Cushman & Wakefield arranges sale of Solis Cumming

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Solis Cumming, a 320-unit multifamily property in a suburb north of Atlanta, Georgia. Cushman & Wakefield’s Robert Stickel and Alex...
Port Royale

Institutional Property Advisors brokers Southern Arizona multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Port Royale, a 252-unit multifamily property in Sierra Vista, Arizona. The $46.5 million sales price equates to $184,524 per unit. “Southern...
2713-2737 W. Berwyn Ave

Interra Realty brokers $6.725 million sale of multifamily property in Chicago’s Budlong Woods Neighborhood

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of 2713-2737 W. Berwyn Ave., a pair of adjacent courtyard buildings totaling 42 units in the Budlong Woods neighborhood...
2050 Morningside

American Landmark acquires apartments in Atlanta

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired 2050 Morningside, a 198-unit apartment community located in the Morningside/Lenox Park neighborhood of Atlanta, Ga. “2050 Morningside is a...
Park on 23rd

Cushman & Wakefield arranges sale of Park on 23rd

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Park on 23rd, a 98-unit multifamily property located in the Pell City neighborhood of the Birmingham metro area. Cushman &...
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...
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