$80 million in refinancing secured for pre-stabilized multihousing property
JLL Capital Markets announced that it has arranged $80 million in pre-stabilized permanent financing for Vermella at Garwood Station, a newly built, 296-unit, transit-oriented, luxury apartment building located in Garwood, New Jersey. JLL worked on...
Berkadia arranges contribution and finance of 1,115-unit multifamily portfolio in Texas and Florida
Berkadia has arranged the contribution and finance of the Southstar Sunbelt Multifamily Portfolio, a four-property portfolio consisting of 1,115 apartment units in Texas and Florida. Senior Managing Directors Chris Curry and Todd Marix, along...
JVM Realty Corp. acquires luxury multifamily community in DuPage County, Illinois
JVM Realty Corp., a leading vertically integrated multifamily real estate investment and property management firm, announced the acquisition of The Residences at Hamilton Lakes, a 297-unit luxury apartment community in the highly desirable northwest...
Cushman & Wakefield arranges sale of The Madeira Apartments, a 119,920-sf multifamily property
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Madeira Apartments, a 138-unit multifamily community located at 7533 38th Avenue N. Nick Meoli and Mike Donaldson of...
CPP Housing joins with local Hawaii partners to preserve affordable housing in Honolulu
Community Preservation Partners (CPP), a mission-driven affordable housing preservation developer, announced its acquisition of the Smith-Beretania Apartments in Honolulu, a 22-floor high-rise affordable housing complex that houses 164 one- and two-bedroom units, all of...
Stos Partners expands its multifamily holdings with acquisition of third apartment community in Southern...
Stos Partners, one of the most active commercial real estate investment and management firms in Southern California, recently acquired Lincoln Washington Apartments, a 25-unit multifamily property in the El Cajon submarket of San Diego...
Parkview Financial provides $66 million construction loan for the development of a 131-unit apartment...
Parkview Financial announced it has provided a $66 million construction loan to 57 Caton Place, LLC for the development of a nine-story 131-unit apartment project located at 57 Caton Place in Brooklyn, NY. With...
FCP provides $67.1 million in preferred equity for multifamily through structured investments platform in...
FCP announces $67.1 million in preferred equity has been invested through its Structured Investments platform in five multifamily properties in New York, Pennsylvania, Texas, and Maryland. “These investments demonstrate the breadth and reach of our Structured...
ABI Multifamily brokers 21-unit East Phoenix apartment community for $3.79 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $3,790,000 / $180,476 Per Unit / $263.19 Per SF sale of Vara, a 21-unit multifamily...
SB Real Estate Partners sells Phoenix multifamily portfolio to Rise48 for $96.4 million
SB Real Estate Partners (SBREP) has completed the sale of a two-property, 365-unit multifamily portfolio in Phoenix, Arizona to Rise48 Equity for $96.4 million. The sale, structured as separate transactions closing two weeks apart, included...
Cushman & Wakefield arranges sale & acquisition of Promenade at Ocala in Central Florida
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale and acquisition of the Promenade at Ocala, a 241-unit multifamily community located at 1421 SW 27th Ave. Mike Donaldson and...
Trez Capital closes $19.4 million construction loan for rental project in growing Boise, Idaho
Trez Capital, a private real estate lender helping to build better communities across North America, funded a $19,400,000 construction loan for the Summertown Apartments project in Meridian—a popular suburb of Boise, Idaho. The borrower...
Cushman & Wakefield arranges $13.55 million sale of Fall Ridge at Delray
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Fall Ridge at Delray, a 60-unit apartment community located in Delray Beach. The final sale price was $13.55...
Davlyn Investments acquires third Phoenix apartment community
Davlyn Investments, a prominent California-based, multifamily investment firm, recently closed escrow on the $112,500,000 purchase of The Boulevard, a 294-unit, luxury, multifamily community in Phoenix, Arizona. The property, which will be re-branded “Boulders at...
PCCP, LLC provides a $75 million loan to Griffis Residential for the acquisition and...
PCCP, LLC has provided a $75 million senior loan to Griffis Residential for the acquisition and repositioning of The Post, a 16-story, 208-unit apartment property located at 888 Western Avenue in downtown Seattle. Situated at...