Friday, May 17, 2024

Deal boom

Apartment deals, mergers and acquisitions

Haven Largo

FCP acquires Largo, Maryland apartment community for $71.9 million

FCP with partners Insight Property Group and AHC announce the acquisition of Camden Largo Town Center apartments in Largo, MD for $71.9 million. The 245-unit community at 9701 Summit Circle will be rebranded Haven Largo. “FCP...
Conrad

American Landmark acquires apartment communities in Charlotte and Hillsborough, N.C.

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired the 357-unit Ardmore King’s Grant Apartments in Charlotte, and 270-unit Ardmore Cates Creek apartments in Hillsborough, North Carolina....
Magnolia Vinings

Mesa West Capital originates $92.5 million first mortgage loan for acquisition of 400-unit Atlanta...

Mesa West Capital provided $92.5 million in bridge financing to an institutional real estate private equity fund for the acquisition and repositioning of a 400-unit Class A multifamily property in Atlanta. The four-year, interest-only floating...

Berkadia arranges financing for Eagle Property Capital’s three-property portfolio in Dallas, Texas

Berkadia announces it has arranged the financing of a three-property portfolio totaling 840 units in Dallas, Texas: Mustang Villas Apartments, Prestonwood Apartment Homes and Bella Vista. Managing Director Brad Williamson of Berkadia Miami, along...
Arya Peachtree

Cushman & Wakefield arranges $90 million refinancing loan for Arya Peachtree

Cushman & Wakefield announced that the commercial real estate services firm has arranged $90 million in refinancing on behalf of Perennial Properties, Inc. for Arya Peachtree, a 282-unit multifamily property located at 1777 Peachtree St....
5055 S. Dorchester

Interra Realty brokers $12 million sale of 34-unit rental community in Chicago’s Hyde Park...

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it negotiated the $12 million sale of 5505 S. Dorchester Ave., a 34-unit rental community in Chicago’s Hyde Park neighborhood. The price per unit...
Fairview Apartments

Marcus & Millichap closes $27.6 million multifamily asset sale in Suburban Denver

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Fairview Apartments, a 100-unit multifamily asset in Aurora, Colorado. The property...
Huntwood Terrace Apartments

Marcus & Millichap completes $39 million Bay Area apartment sale

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Huntwood Terrace Apartments, a 104-unit institutional-quality multifamily property located at 29200...
Park Village

Cushman & Wakefield arranges $20.2 million sale of Park Village in Orange Park

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Park Village, a 120-unit multifamily community in the Orange Park submarket of Jacksonville. The final transaction price was $20.2...
Phoenician Pines

ABI Multifamily brokers 92 of 240 rental condominium units in Northwest Phoenix for $22...

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $22,000,000 / $239,130 Per Unit / $234.80 Per SF sale of Phoenician Pines Condominium Homes,...
The Place at Carrollwood

Berkadia arranges sale and financing of multifamily community in Tampa, Florida

Berkadia announces it has arranged the sale and financing of The Place at Carrollwood, a 224-unit multifamily property in Tampa, Fla. Senior Managing Directors Jason Stanton and Matt Mitchell and Senior Director Greg Rainey...
19 East

KABR Group purchases 19 East luxury apartments in Bayonne, NJ, for $49.6 million

JLL Capital Markets, on behalf of KABR Group, announced the $49.6 million sale of 19 East, a 138-unit, mid-rise, luxury apartment community in Bayonne, New Jersey. JLL represented the joint venture seller, Ingerman Group and...
192 Shoreline

Multihousing development near Seattle secures $15 million subordinate loan from The Amazon Housing Equity...

JLL Capital Markets announced that it has arranged the $15 million subordinate loan from The Amazon Housing Equity Fund for the acquisition of 192 Shoreline, an affordable, 250-unit, mid-rise multihousing development in the suburban...
Exchange at 1105

Berkadia arranges acquisition loan for two-phase, Class A apartment community in Georgia

Berkadia announces it has secured a loan for the acquisition of Exchange at 1105, a new Class A 280-unit garden-style multifamily property in LaGrange, Ga., in Troup County. Alliance Bernstein provided the financing. Managing Director...
Beyond Apartments

Minnesota multihousing community sells for $65.158 million

JLL Capital Markets announced that it has closed the $65.158 million sale and arranged acquisition financing for Beyond Apartments, a 255-unit, mid-rise multihousing community located in the Minneapolis-St. Paul suburb of Woodbury, Minnesota. JLL marketed...
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