Friday, May 17, 2024

Deal boom

Apartment deals, mergers and acquisitions

Windwater at Windmill Lakes

Cushman & Wakefield arranges sale of Windwater at Windmill Lakes

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Windwater at Windmill Lakes, a 150-unit multifamily community located in the Hobby submarket of Houston, Texas. Cushman & Wakefield’s...
Rancho Mirage Apartments

TruAmerica Multifamily acquires 310-unit apartment community in Dallas/Ft. Worth.

TruAmerica Multifamily has built its portfolio in Texas to nearly 3,000 units in less than 18 months with the acquisition of Rancho Mirage, a 310-apartment home community in the Dallas/Fort Worth submarket of Irving. Rancho...
Current on River

$78 million refinancing secured for Bergen County multihousing community

JLL Capital Markets announced that it has closed the $78 million refinancing of The Current on River, a 254-unit, newly constructed multihousing community in Hackensack, New Jersey. JLL represented the borrower, Brickyard Urban Renewal, LLC,...
Vesta Camp Creek

Middleburg Communities announces sale of Vesta Camp Creek in Atlanta, Georgia

Middleburg Communities (Middleburg), a Vienna, Virginia-based real estate investment, development, construction, and management firm announces the sale of Vesta Camp Creek, a 220-unit apartment community at 5100 Welcome All Road in Fulton County in...
The Taft

Institutional Property Advisors brokers sale of iconic New Haven multifamily asset

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Taft, a 14-story, 194-unit apartment building with 18,000 square feet of ground floor retail space in New Haven, Connecticut. “Located...
Luna at Hollywood

Berkadia arranges sale of Fractured Condo in Hollywood, Florida

Berkadia announces it has arranged the acquisition of 160 out of a total 192 condominium units at Luna at Hollywood, a four-story condominium property located in a suburban neighborhood in Hollywood, Fla. Director Yoav...
Tamarron Apartments

Decron Properties acquires eighth multifamily asset in Phoenix, Arizona for $128 million

Decron Properties has acquired Tamarron Apartments, a 328-unit garden-style multifamily community in Phoenix, for $128 million. Tamarron, which comes on the heels of Decron’s recent $107.5 million purchase of Ascent at Papago, increases Decron’s local...
The Wel

$104.93 million financed for Long Island multihousing community

JLL Capital Markets announced that it has closed the $104.93 million financing of The Wel, a 260-unit, newly constructed, mid-rise multihousing community located in Lindenhurst, New York along the South Shore of Long Island. JLL represented...
Preserve at Riverwalk

ZMR Capital acquires fourth multifamily property in Tampa MSA

ZMR Capital has acquired in an off-market transaction Preserve at Riverwalk, a 300-unit multifamily property located in Bradenton, Florida. Built in 2018, the property is located near the Bradenton Riverwalk, which consists of 2.5 miles...
Canyon Heights

Tucson multifamily asset sale closed by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Canyon Heights, a 196-unit multifamily property in Tucson, Arizona. The property traded for $33 million, or $168,367 per unit. “Demand for...

$12.6 million in construction financing secured for San Diego multihousing project

JLL Capital Markets announced that it secured $12.6 million in construction financing for a multihousing development located in the Golden Hill neighborhood in San Diego, California. JLL worked on behalf of the borrower, Darnell Capital...
NORA

Institutional Property Advisors facilitates Orlando luxury rental complex sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of NORA, a six-story, 246-unit multifamily building with 9,263 square feet of ground floor retail in Downtown Orlando’s North Quarter district. “With...
Keystone Apartments

Magma Equities continues to expand its holdings in North Carolina with $23.7 million acquisition...

Magma Equities (Magma) in joint venture with Prudent Growth Partners (Prudent Growth) has acquired Keystone Apartments (Keystone), a 202-unit multifamily community in Fayetteville NC, in an off-market transaction for $23.675 million. Magma is one of...
Villa D'Oro Apartments

ABI Multifamily brokers 16-unit North Central Phoenix multifamily apartment community for $5 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $5,000,000 / $312,500 per unit / $313.91 per square foot sale of Villa D'Oro Apartments,...
Hampshire HIll Apartments

Mesa West Capital originates $85 million in first mortgage debt to finance the acquisition...

Mesa West Capital has provided Minneapolis-based multifamily investment firm Bader Diamond Funds (BDF) with $85 million in first mortgage debt for the acquisition of Hampshire Hill, a 534-unit community in the Minneapolis suburb of...
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