TransUnion + ApartmentJet address short term rental tenant screening challenge
Short-term rentals have caused major disruptions to the apartment industry, sometimes resulting in evictions, lawsuits and even regulatory changes. TransUnion announced it has partnered with ApartmentJet, Inc. to help multifamily property owners and management...
Tucson multifamily asset sale closed by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Canyon Heights, a 196-unit multifamily property in Tucson, Arizona. The property traded for $33 million, or $168,367 per unit.
“Demand for...
Waterton closes $920 million U.S. multifamily value-add investment fund, above target
Waterton, a national real estate investor and operator, is pleased to announce the final close of its latest multifamily value-add investment fund, Waterton Residential Property Venture XIII, L.P. (“Venture XIII”), with $920 million of...
Trophy Northern Virginia multihousing community trades for $141 million
JLL Capital Markets announced that the $141 million sale of The Avant, a 359-unit, trophy multihousing community located in Reston, Virginia, has closed.
JLL represented the seller, Boston Properties, and secured acquisition financing on behalf...
Two Brighton multifamily properties totaling 76 units trade for a combined $9.5 million
Transwestern today announces it brokered the sale of two multifamily properties totaling 76 units for a combined $9.5 million, a record-setting price in Brighton for vintage assets. Senior Vice President Tom Wanberg and Vice...
ABI Multifamily brokers 16-unit North Central Phoenix multifamily apartment community for $5 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $5,000,000 / $312,500 per unit / $313.91 per square foot sale of Villa D'Oro Apartments,...
Meridian Capital Group arranges $15 million in construction financing for The Davenport
Meridian Capital Group, America’s most active dealmaker, arranged $15 million in construction financing for The Davenport, a multifamily property in Somerville, NJ, on behalf of developer Robert Weiss of Weiss Properties.
Located at 21 Davenport...
Housing Trust Group Enters Illinois Market with New Affordable Housing Community in the Chicago...
Housing Trust Group (HTG), a leading multifamily developer that develops, builds, and manages a $4 billion portfolio of affordable, workforce, market-rate, and senior housing, is excited to announce the completion and grand opening of...
Greystar Announces Pre-Leasing for Marlowe Gateway in St. Petersburg
Greystar Real Estate Partners, LLC ("Greystar"), a global leader in the investment, development, and management of real estate, including rental housing, logistics and life sciences, announced that the latest Marlowe-branded apartment community, Marlowe Gateway,...
SB Real Estate Partners expands Phoenix portfolio
SB Real Estate Partners (SBREP) has acquired ReNew 3030, a Class B, 126-unit garden-style apartment community located in Mesa, Arizona, for $24.3 million. The property was renamed Portola East Mesa and will undergo a...
$64 million in financing secured for Connecticut multihousing community
JLL Capital Markets announced that it has arranged $64 million in acquisition financing for Summer House, a 227-unit, high-rise apartment community located in downtown Stamford, Connecticut.
JLL worked on behalf of the borrower, Beachwold Residential,...
Mesa West Capital originates $40.875 million loan for multifamily acquisition in Henderson NV
Mesa West Capital has provided The ConAm Group with $40.875 million in short-term, first mortgage debt for the acquisition and repositioning of South Valley Ranch Apartments in the Las Vegas submarket of Henderson, NV.
South...
PEF Advisors acquires affordable apartment community for Seniors in Chicago
Preservation Equity Fund Advisors, LLC (PEF Advisors), a real estate private equity group focused on preserving existing affordable housing in high-cost markets, announced its recent acquisition of Belmont Place Senior Apartments, a 110-unit affordable...
GFI Realty Services arranges the $1.850 million sale of Bushwick multifamily asset
GFI Realty Services announced the $1.850 million sale of 47 Stanhope Street, a multifamily building located in the Bushwick section of Brooklyn. GFI Associate Moshe Goldberger represented the seller, a local investor, and Zachary Fuchs, Associate Director of...
Marcus & Millichap completes 220-unit apartment sale in Suburban Chicago
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Fox Run Apartments, a 220-unit apartment complex in St. Charles, Illinois.
“Built...
