Wednesday, November 27, 2024

Deal boom

Apartment deals, mergers and acquisitions

Rock Springs Duplexes

RangeWater/Harbert U.S. Real Estate Acquires 150-unit Single Family Rental (SFR) Community Rock Springs Duplexes...

RangeWater Real Estate, a fully integrated rental housing company with assets across the Sun Belt and Mountain West, and equity partner, Harbert US Real Estate (“HUSRE”), an investment strategy sponsored by Harbert Management Corporation,...
Canfield Park at Fairfield Metro

IPA Capital Markets Arranges $110M in Agency Financing and Joint Venture Partnership for Connecticut...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, specializing in capital markets services for major private and institutional clients has secured $110 million in joint venture equity and agency financing for the...
42 Hundred on the Lake

Milwaukee-area Rental 42 Hundred on the Lake Wins TOBY Award for Property Excellence from...

RMK Management Corp., one of the Midwest’s largest market-rate apartment management firms, has announced its 42 Hundred on the Lake community won a 2024 TOBY Award for Property Excellence from the Apartment Owners and...
The Oliver on LaSalle

RMK Management Corp. Named Property Manager for Vintage Luxury Rental Building The Oliver on...

RMK Management Corp., one of the Midwest’s largest market-rate apartment management firms, has been named property manager of The Oliver on LaSalle, a 249-unit vintage luxury rental building at 1140 N. LaSalle Drive in...
Poplin Trace

Tower Capital Secures $37M Refinance for North Carolina BTR Community Poplin Trace Poplin Poplin...

Tower Capital arranged two loans totaling $36.95 million for the refinance of Poplin Meadows and Poplin Trace, Phases 2 and 3 of an overall 268-unit Build-to-Rent (BTR) development in Charlotte, NC. Tower worked on...
Plaza at Hazeltine

Trident Development Announces Grand Opening of The Plaza at Hazeltine Multifamily Community in Chaska...

Trident Development, a Minnesota-based firm specializing in the acquisition and development of luxury rental apartments, is set to celebrate the opening of The Plaza at Hazeltine, a multifamily community located at 1130 Hazeltine Boulevard,...
Signal Point

Fourth Avenue Capital Breaks Ground on 240-Unit Signal Point Apartments Near Spokane

Fourth Avenue Capital has commenced construction on Signal Point Apartment Homes, a luxury suburban apartment community within the mixed-use Meadowwood Technology Campus in Liberty Lake, Washington. "Liberty Lake continues to be one of the most...
Langtree Lake Norman

Berkadia Brokers $76M Multifamily Asset Sale of Langtree Lake Norman in North Carolina

Blue Heron Asset Management acquired a Lake Norman apartment complex for $76 million. RL West and Langtree Development were the sellers of the Langtree Lake Norman, a 300-unit mid-rise multifamily project in Mooresville, North...
888 Fourth Street

IEC Purchases 108-unit 888 Fourth Street Apartments for $38M

In a recent Bay Area multifamily trade, Interstate Equities Corporation (IEC) purchased 888 Fourth Street Apartments, a 108-unit recently completed mid-rise property in the heart of downtown Santa Rosa, California. The community was about half...
The Batch Yard

LCOR Acquires 328-Unit Multifamily Property The Batch Yard North of Boston

New York City-based LCOR has acquired The Batch Yard, a 328-unit residential community located in Everett, Massachusetts near Boston for an undisclosed sum. The Batch Yard is an elevator-serviced mid-rise apartment community which features studio...
Varsity Berkeley

Hawkins Way Capital Completes Purchase of 79-Unit Student Housing Property Varsity Berkeley Near UC...

Hawkins Way Capital LLC has purchased Varsity Berkeley, a mid-rise student housing complex located at 2024 Durant Avenue in Berkeley, California. Although we don’t have the price tag, we can tell you that the deal...
Altera Rayzor Ranch

Wood Partners Brings More Attainable Housing to Texas with Altera Rayzor Ranch

National multifamily developer Wood Partners continues to expand in Texas with Altera Rayzor Ranch, a 192-unit multifamily community in Denton, a suburb outside of Dallas. Altera Rayzor Ranch is centrally located within the Rayzor Ranch...
Vistria

The Vistria Group and Ethos Real Estate Partner to Convert Nearly 700 Market-Rate Units...

In a landmark move that promises to advance affordable housing efforts in high-cost markets, The Vistria Group and Ethos Real Estate announced the conversion of nearly 700 market-rate apartments to long-term affordable housing in...
22nd Street

JLL Facilitates $105M Sale for Gramercy Park Apartments on 22nd Street

JLL Capital Markets completed the $104.5-million sale of 210-220 E. 22nd Street a seven-story, 204-unit rental building located in Manhattan’s Gramercy Park neighborhood. A JLL team including Andrew Scandalios, Jeffrey Julien, Rob Hinckley and Steven...
Balboa Park

Civitas Breaks Ground on Apartments in Supply-Constrained Balboa Park

Dallas-based Civitas Capital Group recently broke ground on a 76-unit, Class A multifamily community in the North Park neighborhood of San Diego’s Balboa Park. Located at 4080 32nd Street, the project comes into a market...
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