Thursday, May 2, 2024

Deal boom

Apartment deals, mergers and acquisitions

The Vicinity Apartments

ABI Multifamily brokers 125-unit North Central Phoenix multifamily apartment community for $37.5 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $37,500,000 / $300,000 Per Unit / $360.11 Per SF sale of The Vicinity Apartments, a...
Hotel Elegante

The Davies Group at George Smith Partners successfully secures $42.5 million in construction financing...

Malcolm Davies and Zack Streit of The Davies Group at Los Angeles-based George Smith Partners, a premier commercial real estate capital advisory firm, arranged $42.5 million in construction financing for the conversion of a...
Fox Run Apartments

Marcus & Millichap completes 220-unit apartment sale in Suburban Chicago

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Fox Run Apartments, a 220-unit apartment complex in St. Charles, Illinois. “Built...
Huntington Indiana property acquisition

The Michaels Organization acquires affordable housing portfolio in Indiana

The Michaels Organization, a national leader in residential real estate with full service capability in development, property management, construction, and investment, announced that it has acquired a 12-property residential portfolio in Indiana. The portfolio...
907-927 Grand Avenue

Stepp Commercial completes $4.375 million sale of a 13-unit apartment property in Eastside Long...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.375 million sale of a 13-unit apartment property located at 907-927 Grand Avenue in the Eastside submarket of Long...
La Cima

Trez Capital commits to 304-unit development project in San Marcos, Texas

Trez Capital announces the closing of an equity investment in partnership with Thompson Realty Capital, LLC for the development of a garden-style multifamily project in San Marcos to be called La Cima. With a...
Marmalade Hill

DB Capital acquires 71-unit apartment community in Downtown Salt Lake City

Multifamily investment firm DB Capital Management (DB Capital) continues to expand its Utah presence with the acquisition of Marmalade Hill, a 71-unit apartment complex in downtown Salt Lake City for $18.6 million. Located less than...
Renew Riverside

Institutional Property Advisors negotiates Inland Empire multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of ReNew Riverside, a 128-unit apartment complex in Riverside, California. The property sold for $35.35 million, which equates to $276,171 per...
Flats at Lansdale

Refinancing secured for a Pennsylvania multihousing community

JLL Capital Markets announced that it has arranged a refinancing for Flats at Lansdale, a 180-unit, luxury multihousing community located in Lansdale, Pennsylvania. JLL worked on behalf of the borrower, a joint venture between White...
Avery Townhomes

FCP acquires Avery Townhomes in Atlanta for $32 million

FCP announces the acquisition of Avery Townhomes in the Atlanta submarket of College Park, GA for $32 million. The 220-unit apartment community at 2609 Charlestown Drive features close proximity to south Atlanta’s largest employment centers,...
Verandas at Shavano

Institutional Property Advisors brokers Northwest San Antonio apartment asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Verandas at Shavano, a 288-unit multifamily asset in the Far Northwest submarket of San Antonio, Texas. “San Antonio’s high quality of...
The Six

Cushman & Wakefield arranges $28.25 million sale of The Six multifamily community

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Six, a 92-unit apartment community located in Charleston. The sale price was $28.25 million, equating to more...
Country Place Apartments

The Multifamily Group brokers 137 units in Killeen, Texas

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week that it had facilitated the sale of Country Place Apartments in Killeen. Jon Krebbs represented the seller and procured the...
Walton Crossing

Kairos Investment Management Company acquires 238-unit affordable multifamily property in competitive market of Northern...

Kairos Investment Management Company (KIMC), a firm that focuses on value-based real estate investments with favorable risk/reward characteristics, has acquired Walton Crossing, a 238-unit affordable multifamily community in the Atlanta metropolitan area of Austell,...
Arioso

Institutional Property Advisors negotiates Metroplex Apartment Asset Sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Arioso, a 288-unit multifamily property in Grand Prairie, Texas. “Arioso’s location between Downtown Dallas and Downtown Fort Worth gives its residents...
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