Friday, April 26, 2024

Deal boom

Apartment deals, mergers and acquisitions

Pepperell Mill Campus

Downtown Biddeford’s iconic Pepperell Mill changes hands with new ownership

Presidium, a fully-integrated real estate firm, whose Maine partners have a long and respected history of development in Maine, has acquired the Pepperell Mill Campus, with plans to rejuvenate and enhance the property. Located...
Bee Creek

Cushman & Wakefield arranges sale of Branson multifamily community

Cushman & Wakefield announced the commercial real estate services firm has arranged the sale of Bee Creek, a 224-unit multifamily community located in Branson, Missouri. Martin Bynum of Cushman & Wakefield represented the seller, Bee...
Glady's Apartments in North Miami Beach

Marcus & Millichap sells 39-unit apartment property near SoLé Mia development for $7 million

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Glady's Apartments in North Miami Beach, a 39-unit apartment property located...
Wilshire Royale

Institutional Property Advisors closes iconic Wilshire Boulevard multifamily sale in Los Angeles for $45.5...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Wilshire Royale, a 193-unit multifamily asset with 8,933 square feet of ground floor retail in Los Angeles, California’s Westlake District....
Dartford Townhomes

Haven Realty Capital acquires Build-to-Rent townhome community in Nashville, Tenn for $17.5 million

Real estate investment management firm Haven Realty Capital (Haven) has closed on the first phase of a $17.5 million acquisition of Dartford Townhomes, a 57-unit build-to-rent community located in the Nashville suburb, Spring Hill....
Stonecastle Apartment Homes

Institutional Property Advisors brokers the sale of Stonecastle Apartment Homes in Orlando

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Stonecastle Apartment Homes, a 220-unit apartment complex located in the desired area of Winter Park, Florida. Built in 2001, Stonecastle is...
Palladian at Daphne

Cushman & Wakefield arranges $31 million sale of multifamily rental community in Metro Mobile

Cushman & Wakefield announced the commercial real estate services firm has arranged the $31 million sale of Palladian at Daphne, a 120-unit multifamily rental community located in the Daphne municipality of Mobile, Alabama. Craig Hey...
Folly Brook Manor

Institutional Property Advisors brokers sale of Hartford County Condominiums

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Folly Brook Manor, a 184-unit property. “Historically an investor-owned condominium rental housing, Folly Brook Manor is now wholly owned by one...
Casa de Ventura

Dunleer sells 32-unit fully renovated apartment asset for $11.9 million in Ventura, California

Dunleer, a Los Angeles-based private real estate investment and development firm, announced the $11.9 million sale of Casa de Ventura, a 32-unit apartment property located at 3098 Channel Drive in Ventura, Calif. Originally built in...
The Mark

WPC acquires The Mark Apartments in Alexandria, Virginia for $52.7 million

Washington Property Company (WPC) has acquired The Mark, a 227-unit apartment tower in Alexandria, Virginia, for $52.7 million. The seller, an affiliate of Northpoint Realty Partners, was represented by Brian Crivella, Walter Coker, and Bill...
Pointe at Five Oaks

West Shore acquires asset near Nashville Tennessee

West Shore LLC, a multifamily real estate investment firm, announces its expansion into a new market with the acquisition of The Pointe at Five Oaks, a new construction luxury apartment community situated on 29...
Waterford Villas

Marcus & Millichap brokers deal on 116-unit apartment community for $20.6 million

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Waterford Villas, a 116-unit apartment property in Margate, Florida. The asset...
Hollister Apartments

Berkadia arranges sale and financing of garden-style multifamily community in Southeast Houston

Berkadia announces it has arranged the sale and financing of Hollister Apartments, a 156-unit multifamily garden-style community in the Dickinson suburb of Southeast Houston. Managing Directors Chris Young and Joey Rippel and Director Kyle...
Lodge on 84th

$60 million in financing secured for Colorado multihousing acquisition

JLL Capital Markets announced that it has arranged $60 million in financing for the acquisition of Lodge on 84th, a 300-unit, garden-style multihousing community located in the Denver-area community of Federal Heights, Colorado. JLL worked...
Montclair Residences at Bay Street Station

Multihousing asset buy in North New Jersey financed for $54 million

JLL Capital Markets announced that it has arranged $54 million in acquisition financing for Montclair Residences at Bay Street Station, a 163-unit, transit-oriented multihousing community in the suburban New York City community of Montclair,...
Yield PRO