Sunday, May 19, 2024

Deal boom

Apartment deals, mergers and acquisitions

Lake Forest Apartment Homes

Cushman & Wakefield arranges sale of Daytona Beach multifamily community

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Lake Forest Apartment Homes, a 384-unit multifamily community  located at 600 Jimmy Ann Dr. in Daytona Beach, Florida. Cushman &...
Morgan Street

JLL Trades 1.73-acre Multifamily Development Site on Morgan Street in Jersey City for $54M

JLL Capital Markets announced that it closed the $54 million sale of 107 Morgan Street, a 1.73-acre multifamily development site located in Jersey City’s Waterfront neighborhood. JLL worked on behalf of the seller, Veris Residential,...
Landmark South

$219.9 million recapitalization arranged for suburban Miami multihousing community

JLL Capital Markets announced that it has arranged the recapitalization of Landmark South, a 631-unit, mid-rise multihousing community in Doral, Florida. JLL worked on behalf of the borrower, JSB Capital Group, to secure the five-year,...
101 West

Trophy Barrington multihousing property purchased for $20.75 million

JLL Capital Markets announced it closed the $20.75 million sale of 101 West, a trophy apartment community located in the sought-after suburb of Barrington, Illinois, which is about 40 miles from Chicago. JLL worked on...
The Kavista

$60 million in financing secured for a multihousing development in Miami

JLL Capital Markets announced that it has arranged $60 million in construction financing for The Kavista, a 282-unit, eight-story multihousing development located in the El Portal neighborhood of Miami, Florida. JLL worked on behalf of...
2050 Grand Concourse

Governor Hochul Announces Completion of 96-Unit Affordable and Supportive Housing Development in the Bronx...

Governor Kathy Hochul announced the completion of 2050 Grand Concourse, an affordable and supportive housing development with 96 apartments in the Bronx’s Fordham Heights neighborhood. The all-electric development was awarded funding from the State’s...

$64.35 million buys suburban Phoenix luxury multifamily asset

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Velaire at Aspera, a 286-unit core multifamily asset in Glendale, Arizona. The property sold for $64.35 million, which equates to...
Union on Broadway

Greystar and Star America obtain two loans for student housing developments at University of...

JLL Capital Markets announced that it arranged $59.95 million in construction financing for the Union on Broadway student housing and retail development located at 476 E. Broadway St. in Eugene, Oregon, and a $81.67...
Lirio at Rafina

Berkadia arranges sale of new class AA luxury lakefront apartment community in Orlando

Berkadia announces it has arranged the sale of Lirio at Rafina, a brand-new, 280-unit, Class AA luxury garden apartment community in Orlando, Fla. Managing Directors Brett Moss and Matt Wilcox, Associate Director Tyler Swidler...
Park Terrace Senior Living

Link Senior Development, Roxborough Group acquire 301-unit Phoenix retirement community

Link Senior Development and The Roxborough Group, LLC announce the acquisition of Park Terrace Senior Living, an amenity rich, 301-unit independent living and assisted living community in Phoenix, Arizona. "Park Terrace is an exciting venture...
Barrington Place

Greystar picks up pair of multihousing assets

JLL Capital Markets announced that it has closed the sale of Barrington Place and Waterlynn Ridge, Class A multihousing communities totaling 660 units in the Charlotte, North Carolina MSA. JLL marketed the property on behalf...

Marcus & Millichap arranges the sale of a 28-unit apartment building in Lakeland, Florida

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Goodyear Apartments, a 28-unit apartment property located in Lakeland, Fla.,...
Mosby at Riverlights

Middleburg Communities announces $63.8 million sale of Mosby at Riverlights in Wilmington, North Carolina

Middleburg Communities, a Vienna, Virginia-based real estate investment, development and management firm announces the $63.8 million sale of Mosby at Riverlights, a 250-unit Class A apartment community at 4027 Watercraft Ferry Avenue in Wilmington,...
South Hills Apartments

Institutional Property Advisors brokers multifamily asset sale in Greater Los Angeles

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of South Hills Apartments, an 85-unit apartment property in West Covina, California. The $38.25 million sales price equates to $450,000 per...
Ascot Place

Marcus & Millichap completes dual multifamily asset sale in Birmingham

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Onyx at 600 and Ascot Place Apartments, two multifamily properties, totaling...
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