Monday, May 6, 2024

Deal boom

Apartment deals, mergers and acquisitions

Mountain View Terrace

Affordability extended for lower-income  senior citizens and families at Stoneham Housing Community as a...

MassHousing  has provided $32.7  million in  affordable housing financing to  an affiliate of Atlantic Tambone Management, LLC to  preserve and  extend the affordability  for lower-income  senior citizens and families  for at least  31 years at the  194-unit  Mountain...
Brookview Apartments

Marcus & Millichap arranges the sale of a 96-unit apartment building

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced the sale of Brookview Apartments, a 96-unit apartment property located in Peoria, Illinois, according...

Grubb Properties to join program bringing affordable housing to Chapel Hill

Grubb Properties will dedicate units at Glen Lennox Apartments in Chapel Hill, N.C. to be part of an innovative, community-based coalition bringing more affordable housing to the town. In partnership with the Chapel Hill-Carrboro Chamber...
Summerhill at Meadowcrest

Marcus & Millichap arranges the sale of Summerhill at Meadowcrest, a 28-unit apartment building...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Summerhill at Meadowcrest, a 28-unit apartment property located in Crystal River,...
Turtle Creek

Berkadia arranges sale and financing of 128-unit apartment community in St. Louis, Missouri

Berkadia announces it has arranged the sale and financing of Turtle Creek, a 128-unit Class A multifamily asset in St. Louis, Missouri. Managing Director Ken Aston and Senior Director Andrea Kendrick of Berkadia’s St....
lakeshore

NYC-based Spruce Properties buys Des Moines-area portfolio for $56.75M, largest single apartment trade in...

JLL Capital Markets announced that it closed the $56.75 million sale and arranged $45.4 million in acquisition financing for a multihousing portfolio consisting of six apartment communities in the suburbs of Des Moines, Iowa. JLL...
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...
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...

JLL arranges $50.4M financing for Denver apartment project

JLL announces it has arranged financing totaling $50.4 million for the development of Farm Haus, a 280-unit, Class A apartment project in the north Denver suburb of Longmont, Colorado. JLL worked on behalf of the...
Alta Sergeant

Wood Partners Unveils Newest Luxury Community Alta Sergeant in Conroe near Houston

Wood Partners, a national leader in multifamily real estate development, announced the grand opening of its newest luxury residential community, Alta Sergeant. The property is located in Conroe, Texas, one of the fastest growing...
Timber Ridge

Cushman & Wakefield arranges multifamily sale on behalf of RealSource

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Timber Ridge, a 320-unit apartment community located in Mobile, Alabama. Jimmy Adams and Craig Hey of Cushman & Wakefield...

The Donaldson Group and Declaration Partners acquire 272-unit, off-market apartment community in Silver Spring,...

The Donaldson Group of Rockville, MD and Declaration Partners of New York City have acquired Vista at White Oak Apartments, a 272-unit garden style apartment community located in Silver Spring, MD in an off-market...
San Marco Village

The Babb Group of Marcus & Millichap arranges the sale of 12-unit boutique apartment...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of San Marco Village, a 12-unit apartment property located in Venice, FL,...
LIT Cortez

PCCP, LLC provides $76 million loan for the acquisition and renovation of a 299-unit...

PCCP, LLC announced that it has provided a $76 million senior loan to an affiliate of Sares Regis Group for the acquisition and renovation of LIT Cortez Hill (formerly known as AVA Cortez Hill),...
La Mirada Apartments

Tower 16 Capital Partners, in partnership with Drake Real Estate Partners, acquires La Mirada...

San Diego-based Tower 16 Capital Partners, in partnership with Drake Real Estate Partners, has acquired La Mirada Apartments, a 201-unit multifamily project in Tucson, Ariz. The property was acquired from a private seller in...
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