Tuesday, May 7, 2024

Deal boom

Apartment deals, mergers and acquisitions

Artistry Apartments

Avanti Residential acquires 341-unit Artistry Apartments in Kansas City

Nationwide multifamily investor and operator Avanti Residential has acquired Artistry Apartments, a 341-unit Class-A apartment community in Kansas City, Missouri, for $94 million. The purchase marks Avanti’s seventh investment in the Kansas City metropolitan...
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...
Appleton Square

CBRE Multifamily Group sells Appleton Square for $29.3 million

The CBRE Capital Markets team announced the sale of Appleton Square located at 171-176 East Street in Methuen, Massachusetts, for $29,300,000. CBRE multihousing experts Simon Butler and Biria St. John exclusively represented the seller, Appleton...

HFF announces joint venture equity for 2 adjacent apartment communities in Dallas

Holliday Fenoglio Fowler, L.P. (“HFF”) announces a joint venture equity raise for the acquisition of two adjacent apartment communities in Dallas, Texas, totaling 712 units – Emory at Horizon North and Ashmore at Horizon...
District Flats Off Dobson

Institutional Property Advisors completes apartment asset sale in Phoenix’s East Valley

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of District Flats Off Dobson, a 112-unit apartment property in Mesa, Arizona. The $18.2 million sales price equates to $162,500 per...

San Fernando Valley apartment complex trades hands at $45 million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Cielo Apartments, a 119-unit multifamily property in Chatsworth, California. The $45 million sales price equates to more than $378,000 per...

Trez Capital closes construction loans totaling $12.1 million for two townhome rental communities in...

Trez Capital announced the closing of construction loans for Lotus Company’s two townhome communities, Foxridge and Whisperwood, in Ogden, Utah. The two loans, totaling $12.1 million, are part of Trez’s first financing agreement with Lotus...

JLL arranges $97.5 million financing for Stamford mixed-use project

JLL announced that it has arranged $97.5 million in financing for the development of the second phase of Atlantic Station, a luxury mixed-use residential and retail property in downtown Stamford, Connecticut. JLL worked exclusively on...
Davis Park East Site

Fully entitled development site in Durham sells for $10.9 million

JLL Capital Markets announced it has closed the $10.9 million sale of Davis Park East, a 21.07-acre, shovel-ready, multihousing development site adjacent to the Research Triangle Park node in Durham, North Carolina. JLL marketed the...
Tennyson44

$10.25 million financing arranged for West Denver multihousing community

JLL Capital Markets announced that it has closed the $10.25 million permanent financing for Tennyson44, a 47-unit, mid-rise apartment complex located in the West Denver neighborhood of Berkeley. JLL represented the borrower, Highlands REIT, to...
The Hadley

Thompson Thrift to Develop Luxury For-Rent Villa Community The Hadley in Florida’s Gulf Coast...

Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced the development of The Hadley, a new 268-unit luxury for-rent villa community in North Port, a...
Laurie Lane Apartments

ABI Multifamily Brokers 8-Unit South Glendale Multifamily Community Laurie Lane Apartments for $2.3M

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,300,000 / $287,500 Per Unit / $412.19 Per SF sale of Laurie Lane Apartments, an...
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...

Transwestern Investment Group acquires 464-unit community in Dallas-Fort Worth with S2 Capital

Transwestern Investment Group (TIG) and S2 Capital LLC today announce the acquisition of Oak Creek Apartments on behalf of one of its managed funds. Located at 1611 Oak Creek Lane in Bedford, Texas, the...

Calmwater Capital originates $28.5 million for housing near USC

Calmwater Capital, a leading national direct real estate lender, has provided $28.525 million in senior debt to an affiliate of Champion Realty Ltd, a borrowing entity owned and controlled by Bob Champion, Parker Champion...
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