Thursday, May 2, 2024

Deal boom

Apartment deals, mergers and acquisitions

McKemy Manor

ABI Multifamily brokers 12-unit South Tempe multifamily apartment community for $3.05 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., is pleased to announce the $3.05 million / $254,167 Per Unit / $282.41 per square foot sale of McKemy Manor,...
Grenelefe

Marcus & Millichap brokers sale of Central Florida condominium property for $31.5 million

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 417 parcels of the 781-unit condominium property within the Grenelefe Golf and Tennis...
Broadstone Knox District

Institutional Property Advisors closes sale of Broadstone Knox District in Dallas

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Broadstone Knox District, a 333-unit, seven-story multifamily asset in the Knox-Henderson neighborhood of  Dallas, Texas. “The most walkable neighborhood in Dallas,...
Summit at Rivery Park

Old Three Hundred Capital secures $38.45 million in acquisition financing for multihousing community near...

JLL Capital Markets announced that it has arranged $38.45 million in acquisition financing and secured the equity for Summit at Rivery Park, a 228-unit multihousing community located in the Austin-area community of Georgetown, Texas. JLL...
Victoria at Lauderhill

Victoria at Lauderhill sells for $12.78 million to Treevita

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Victoria at Lauderhill, an 88-unit apartment property located in Lauderhill, Florida....
1505 E. 11th Street

Stepp Commercial completes $5.04 million sale of a 21-unit apartment property in Long Beach

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $5.04 million sale of a 21-unit apartment property located at 1505 E. 11th Street in Long Beach, California. Stepp Commercial’s...
Paddock Estates

CBRE arranges sale of 244-unit multifamily community in Boxborough, Massachusetts

CBRE announced that it has arranged the sale of Paddock Estates, a 244-unit, Class A garden-style apartment community located at 1 Paddock Lane in Boxborough, Massachusetts. CBRE Capital Markets’ multihousing experts Simon Butler, Biria St....
The Cottages at Warner Robins

Berkadia Arranges Equity Partner for Capstone Communities’ Central Georgia Build-for-Rent Community

Berkadia announces it has sourced $13.2 million in equity for Capstone Communities to develop The Cottages at Warner Robins, a low-density multifamily development located in the central Georgia town of Warner Robins. The cottage-style...
Joseph at Huebner

Newmark arranges sale of 192-unit North Central San Antonio multifamily community

Newmark announces the sale of The Joseph at Huebner, a 192-unit value-add multifamily community located in North Central San Antonio, Texas. The property traded from a strategic partnership between RSN Property Group and Wildhorn Capital,...
Bay Inn Apartment Homes

Institutional Property Advisors closes Coastal Southern California multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Bay Inn Apartment Homes, a five-building, 80-unit apartment property in San Diego, California. The asset sold for $28.1 million, or...
Haven at South Mountain Apartments

ABI Multifamily brokers 117-unit South Phoenix multifamily apartment community for $32 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $32,000,000 / $273,504 Per Unit / $381.49 Per SF sale of Haven at South Mountain...
Gateway Apartments

Ridge Capital acquires 444-unit San Francisco Bay Area multifamily portfolio

Ridge Capital Investors, LLC (Ridge) in joint venture with Contrarian Capital Management and Andell Holdings has acquired in an off-market transaction a two-property, 444-unit multifamily portfolio with assets located in the San Francisco East...
Rolling Hills Apartment Homes

Marcus & Millichap arranges $49.5 million Los Angeles metro multifamily asset sale

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Rolling Hills Apartment Homes, a 107-unit apartment complex in Torrance, California....
51 Glen Eyrie Ave

Levin Johnston completes sale of 24-unit multifamily community in one of San Jose’s most...

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, announces its most recent multifamily transaction: the sale of...
Augusta Flats

Newmark brokers sale of newly constructed luxury multifamily asset in San Antonio

Newmark announces it has completed the sale of Augusta Flats, a newly constructed, 260-unit luxury multifamily asset located in downtown San Antonio, Texas. The property traded from private Texas-based real estate development and management firm...
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