Friday, May 17, 2024

Deal boom

Apartment deals, mergers and acquisitions

Parkside Assisted Living and Memory Cottage

Marcus & Millichap arranges the sale of a Class-A seniors housing property in Port...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced the sale of Parkside Assisted Living and Memory Cottage, a 93,105-square-foot seniors housing property...
Lirio at Rafina

Berkadia arranges sale of new class AA luxury lakefront apartment community in Orlando

Berkadia announces it has arranged the sale of Lirio at Rafina, a brand-new, 280-unit, Class AA luxury garden apartment community in Orlando, Fla. Managing Directors Brett Moss and Matt Wilcox, Associate Director Tyler Swidler...
Nolan Mains

$67 million in refinancing secured for a Minnesota multihousing community

JLL Capital Markets announced that it has arranged a $67 million refinancing for Nolan Mains, a 100-unit, mixed-used, mid-rise apartment community located in the 50th and France neighborhood of Edina, Minnesota. JLL worked on behalf...
2M Street Apartments

Avanath Capital Management acquires 315-unit high rise apartment community in Washington D.C. for $103.5...

Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has acquired 2M Street Apartments, a 315-unit high rise apartment community in Washington D.C. The mixed-income apartment tower located north...
The Wilson Townhomes

The Mogharebi Group brokers the $12.2 million sale of a 24-unit multifamily community in...

The Mogharebi Group (TMG) representing the seller has arranged the $12.2 million sale of The Wilson Townhomes, a 24-unit development in the Orange County community of Costa Mesa, Calif. The buyer of the fully...
Riverland Apartments

Berkadia arranges sale of new luxury apartments in Fort Lauderdale

Berkadia announces it has arranged the sale of Riverland Apartments, a brand new, 276-unit garden-style luxury apartment community located in Fort Lauderdale, Fla. Senior Managing Directors Roberto Pesant and Jaret Turkell, along with Associate...
4705 Center Blvd

Avison Young arranges $210 million refinancing for Rockrose of 396-unit Long Island City luxury...

Avison Young announced that its Tri-State Debt & Equity Finance Group has arranged a $210 million refinancing of 47-05 Center Boulevard in Long Island City on behalf of the owner, an affiliate of Rockrose....
Blend-SD

$13.1 million in refinancing secured for San Diego multihousing project

JLL Capital Markets announced that it has arranged $13.1 million in the permanent refinance of Blend-SD, a 54-unit, urban-coastal multihousing community located in the Linda Vista neighborhood of San Diego, California. JLL represented the borrower,...
Westmont of Milpitas

Mesa West Capital funds $67 million loan to refinance silicon valley senior housing community

Mesa West Capital has provided a joint venture led by SRM Development with $67 million in short-term, first mortgage debt to refinance Westmont of Milpitas, a recently opened 199-unit senior housing community in the...
The Kavista

$60 million in financing secured for a multihousing development in Miami

JLL Capital Markets announced that it has arranged $60 million in construction financing for The Kavista, a 282-unit, eight-story multihousing development located in the El Portal neighborhood of Miami, Florida. JLL worked on behalf of...
Esperanza Apartments

The Lynd Group acquires newly built apartment community in San Antonio for $49 million

The Lynd Group has acquired a newly constructed garden-style apartment community in San Antonio, Texas for $49 million. The 244-unit Esperanza Apartments is in the Far West submarket near Highway 211 and close to...
Vela on the Park

Sale of multihousing community in Connecticut closes

JLL Capital Markets announced that it has closed the sale of Vela on the Park, a 209-unit, luxury, high-rise apartment community in downtown Stamford, Connecticut. JLL represented the seller, a partnership between an affiliate of Trinity...
Minnetonka Station

Debt and equity capitalization secured for 275-unit multihousing development in Minneapolis-St. Paul

JLL Capital Markets announced that it has arranged construction financing and secured equity for the development of Minnetonka Station, a 275-unit, Class A, transit-oriented multihousing development project in Minnetonka, Minnesota. JLL represented Linden Street Investments...
Solamar Kissimmee

$35 million non-recourse construction financing secured for build-to-rent townhome development in the Orlando area

JLL Capital Markets announced that it has arranged $35 million in construction financing for the development of Solamar Kissimmee, a 210-unit, build-to-rent townhome community located in Kissimmee, Florida. JLL worked on behalf of the borrower,...
Villas at Kelly Springs

Marcus & Millichap completes multifamily sale in a fastest-growing U.S. city

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Villas at Kelly Springs, a 105-unit multifamily community in Huntsville, Alabama. “Often...
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