Thursday, May 2, 2024

Deal boom

Apartment deals, mergers and acquisitions

Belleview Station Apts

JV equity arranged for Belleview Station apartments

JLL Capital Markets announced it has arranged joint venture equity for the development of a 250-unit mixed-use, luxury apartment community located in Denver, Colorado. JLL represented the developer, Trammell Crow Residential, the multihousing development company...
Meadowview of Davenport

Marcus & Millichap Capital Corporation arranges $20.25 million seniors housing loan

Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, has arranged financing of $20.25 million for the development of Meadowview of Davenport, a seniors housing facility...
Red44

$34 million multihousing community in Rochester Minnesota sets record

JLL Capital Markets announced that it has closed the $34 million sale of Red44, a 159-unit multihousing community in Rochester, Minnesota.  JLL marketed the property on behalf of the seller, Roers Investments, Reuter Walton Development...
Sunset Walk Apartments

Concord Summit Capital closes over $60 million in financing for Encore Capital Management’s Sunset...

Concord Summit Capital, LLC (Concord Summit) successfully arranged more than $60 million in construction financing for Sunset Walk Apartments in Kissimmee, Florida. Longtime Concord Summit client, Encore Capital Management (Encore), is developing the 352-unit...
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...
Columns at Sweetwater Creek

ECI Group announces sale of two Atlanta-area apartment communities for total of $124.75 million

ECI Group has announced the sale of two apartment communities, The Columns at Sweetwater Creek with 270 units in Lithia Springs, GA and The Columns at Peachtree Corners with 304 units in Norcross, GA...

Tower 16 Capital Partners acquires four property portfolio, its first multifamily project in Albuquerque

San Diego-based Tower 16 Capital Partners has acquired a four-property portfolio, totaling 572 units in Albuquerque, N.M. The property was acquired from Greenwater Investments for an undisclosed price. “We’re very excited about the acquisition of...
Tuskawilla Park

Franklin Street arranges $11 million sale of mixed-use multifamily property in Orlando

Franklin Street has arranged the $11 million sale of Tuskawilla Park, a 45-unit, 48,780-square-foot mixed-use property in the Orlando suburb of Winter Springs. The property, which includes 41 condo-quality apartments and four ground-floor commercial units,...
Cypress Parc

Berkadia arranges sale and finance of garden-style multifamily community in North Houston

Berkadia announces it has arranged the sale and finance of Cypress Parc, a 200-unit garden-style multifamily community in Houston, Texas. Managing Directors Chris Young and Joey Rippel, Director Kyle Whitney, Managing Director Jeffrey Skipworth...
Grand Arbor Reserve

FCP acquires 297-unit multifamily apartment community in Raleigh, NC for $48 million

FCP announces the $48.0 million acquisition of Grand Arbor Reserve, a 297-unit vintage apartment community at 2419 Wycliff Road, blocks from I-440 in Raleigh, North Carolina. “Grand Arbor Reserve is a well-located asset that provides residents...
Presidential City

Post Brothers sells luxury Philadelphia high-rise community Presidential City to KKR and MREG for...

JLL Capital Markets announced the closing of the sale of Presidential City, a 1,015-unit, luxury, high-rise community in Philadelphia, Pennsylvania. JLL represented the seller, Post Brothers, and helped broker the transaction with the buyers, KKR and...

Meta Housing breaks ground on 71-unit transit-oriented affordable housing community in East Los Angeles

Meta Housing Corporation, a Los Angeles-based developer, has broken ground on Whittier & Downey SE, a 71-unit affordable housing community that will be developed with permanent supportive housing and 3,400 square feet of community...
Aura Boca

Cushman & Wakefield arranges $92 million in refinancing for Aura Boca

Cushman & Wakefield announced that the real estate services firm served as the exclusive advisor to institutional investors advised by J.P. Morgan Global Alternatives in the procurement of $92,000,000 of financing for Aura Boca, a...
The Independent

Multihousing asset in coastal California secures $13.1 million in financing

JLL Capital Markets announced that it has closed the $13.1 million acquisition financing for The Independent, a Class A, 61-unit multihousing asset located in Sand City, California within Monterey County. JLL marketed the property on...
The Italic

JLL arranges $350 million capitalization for the construction of trophy residential tower in Long...

JLL’s Capital Markets group announced that it has arranged a $350 million debt and equity capitalization for the development of The Italic, a to-be-built, 363-unit, luxury mixed-use community located at 26-32 Jackson Ave. in...
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