Thursday, October 31, 2024

Deal boom

Apartment deals, mergers and acquisitions

Marlowe

$47 million financing arranged for newly built St. Louis apartment building

JLL Capital Markets announced that it has arranged a $47 million loan to refinance Marlowe, a newly built, 205-unit, Class A multihousing community located in the Central West End neighborhood of St. Louis, Missouri. JLL...
4100 S.W. 24th Court

Marcus & Millichap announces the sale and financing of a Fort Lauderdale multifamily property

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a 33-unit apartment property located in Fort Lauderdale, Florida. The 25,853-square-foot...
1206 Gladys Avenue

Stepp Commercial Group completes $2.65 million sale of an 8-unit apartment property in Long...

Stepp Commercial Group, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.65 million sale of an eight-unit multifamily property located at 1206 Gladys Avenue in Long Beach, Calif. Robert Stepp,...
Trailpoint on Highline

Trion Properties grows portfolio with $41.1 million multifamily acquisition in Aurora, Colorado

Trion Properties, a private equity real estate firm based in West Hollywood, California and Miami, Florida specializing in multifamily investments, announces the acquisition of Trailpoint on Highline, a 198-unit multifamily asset in Aurora, Colorado. “We...
Cabana Encanto

Institutional Property Advisors closes $61 million multifamily asset sale in Greater Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Cabana Encanto, a 286-unit attainable housing asset in Goodyear, Arizona. The $61 million sale price represents $213,287 per unit and $354 per square...
Ashford Townes BFR Housing

Capital Square fully subscribes DST offering of multifamily build-for-rent community near Raleigh, North Carolina

Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced today that its offering, CS1031 Ashford Townes BFR Housing, DST, has been fully...
One Paseo

JLL arranges $375 million in financing for generational mixed-use property in San Diego

JLL announced that it has arranged an eleven-year, non-recourse secured loan for $375 million, provided by New York Life Insurance Company and on behalf of Kilroy Realty Corporation. One Paseo is a world-class, mixed-use campus...
Addison at Princeton Meadows

GFI Realty Services advises on the $115-million sale of 440-unit garden apartment complex in...

GFI Realty Services, LLC announced the $115-million sale of Addison at Princeton Meadows, a 440-unit garden apartment complex, located at 2821 Pheasant Hollow Drive in Plainsboro, NJ. The GFI team of Allan Szlafrok, Eli...
Addison at Princeton Meadows

New Jersey apartment community trades

JLL Capital Markets announced that it closed on the sale of Addison at Princeton Meadows, a 440-unit, garden-style multihousing community located in Plainsboro, New Jersey. JLL worked on behalf of the seller, a joint venture...
Park Villa Apartment Homes

Stepp Commercial Group completes $7.165 million sale of a newly renovated 18-unit apartment property...

Stepp Commercial Group, a leading multifamily brokerage firm in the Los Angeles market, has completed the $7.165 million sale of Park Villa Apartment Homes, an 18-unit multifamily property located at 1761 Park Avenue in...
Chilton Hall Apartments

Gebroe-Hammer Associates inks sale of generationally owned multifamily asset in Elizabeth, NJ

Gebroe-Hammer Associates has arranged the sale of a 126-unit, garden-apartment community with generational ownership of 40+ years in Union County, N.J.’s City of Elizabeth. Executive Vice President Stephen Tragash exclusively represented the seller and...
Savor Apartments

$34.625 million refinancing arranged for West St. Paul multihousing community

JLL Capital Markets announced that it has arranged the $34.62 million refinancing of Savor Apartments, a 200-unit, mid-rise, market-rate multihousing community located in West St. Paul, Minnesota. JLL worked on behalf of the borrower, Roers...
Concord Park at Russett

Excelsa Properties acquires $105.5 million multifamily community in Laurel, Maryland

Excelsa Properties announced that it has acquired Concord Park at Russett, a 335-unit multifamily property located at 7903 Orion Circle in Laurel, Maryland. The $105.5 million acquisition represents the fourth multifamily property acquisition of...
Castlewood Townhomes

Forman Capital provides construction financing for Townhome Rental Project in Austin Market

Forman Capital, a private direct real estate lender based in Palm Beach County, Florida, funded a $19.496 million construction loan and preferred equity investment for a 64-unit townhome rental project in Taylor, Texas—part of...
Van der Heyden Apartments

MassHousing closes on $13.3 million in affordable housing financing for the acquisition and renovation...

MassHousing has closed on $13.3 million in affordable housing financing to Van der Heyden Apartments Limited Partnership for the acquisition, renovation and extension of affordability at the 45-unit Van der Heyden Apartments in Springfield....
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