Thursday, October 31, 2024

Deal boom

Apartment deals, mergers and acquisitions

The One Hope Mills

Berkadia arranges $47 million construction loan for apartment community in North Carolina’s Southwest Cumberland...

Berkadia has arranged senior construction financing for The One at Hope Mills, a 360-unit garden-style multifamily development in the rapidly expanding Fayetteville, North Carolina market. Senior Managing Director Mitch Sinberg and Managing Directors Brad Williamson,...
Venetian Isles

Marcus & Millichap brokers the $9 million sale of a South Florida multifamily property

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Venetian Isles, an eight-unit multifamily property located in Lighthouse Point, Florida....
Third Thyme

$11.75 million financing secured for an affordable multihousing community in L.A.

JLL Capital Markets announced that it has secured $11.75 million in forward permanent financing for Third Thyme, a 104-unit, affordable multihousing community in Los Angeles, California. JLL worked on behalf of the borrower, West Hollywood...
Signature Ridge

Newmark arranges sale and financing of 612-unit asset in San Antonio, Texas

Newmark announces it has arranged the sale and financing of Signature Ridge, a 612-unit multifamily asset in San Antonio, Texas, adjacent to the South Texas Medical Center. Newmark Vice Chairman Patton Jones, Executive Managing Director Matt Michelson and Managing...

Marcus & Millichap closes $53.4 million three-property Inland Empire multifamily sale

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a three-property multifamily portfolio in the Inland Empire region of Southern...
Axis @ Davis

Equity placement secured for housing development near UC Davis

JLL Capital Markets announced that it arranged joint venture equity on behalf of sponsor Anton DevCo for Axis @ Davis, a 200-unit housing development located near the University of California, Davis. Axis @ Davis...
Bahia Beach

Marcus & Millichap closes the $5.5 million sale 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 Bahia Beach, a 35-unit apartment property located in Fort Lauderdale, Florida....
Vista Ridge Apartments

Marcus & Millichap closes $76 million Reno multifamily asset sale

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Vista Ridge Apartments, a 324-unit multifamily asset in Reno, Nevada. The...
USC Expo

Mosaic Investment Partners secures full capitalization for University of Southern California student housing development

JLL Capital Markets announced that it arranged the capitalization of USC Expo, a 57-unit / 260-bed USC student housing development located less than a half-block from the campus of the University of Southern California...
47 Stanhope Street

GFI Realty Services arranges the $1.850 million sale of Bushwick multifamily asset

GFI Realty Services announced the $1.850 million sale of 47 Stanhope Street, a multifamily building located in the Bushwick section of Brooklyn. GFI Associate Moshe Goldberger represented the seller, a local investor, and Zachary Fuchs, Associate Director of...
Cedarwood Homes

Merchants Capital secures debt and LIHTC equity financing for affordable, senior property in Pittsburgh

The New York office of leading financial services provider Merchants Capital announces it has secured $11 million in debt and Low-Income Housing Tax Credit (LIHTC) equity financing for the construction of Cedarwood Homes in Pittsburgh,...
Regal Ridge

Institutional Property Advisors brokers Eastern Washington multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Regal Ridge, a 97-unit apartment asset in Spokane, Washington. The property sold for $21.5 million, or $221,650 per unit. “Spokane’s growing...
Byron Street Apartments, Carteret, NJ

Gebroe-Hammer Associates arranges $9.72 million off-market multifamily portfolio sale in Central New Jersey

Gebroe-Hammer Associates has arranged the $9.72 million off-market sale of a three-property Middlesex County, NJ multifamily portfolio. The firm brokered the 53-unit transaction on behalf of the unnamed seller and procured the buyer, Golden...

CBRE arranges sales of three four-unit multifamily properties in Orange County, Calif., to three...

CBRE arranged the sales of three four-unit multifamily properties in Orange County, Calif., for a total of $5.48 million to three separate private buyers in 10 days. In the first transaction, CBRE’s Executive Vice President...
110 Chanticleer Village Drive

Knighthead Funding provides $16 million loan for multifamily acquisition and conversion in Myrtle Beach,...

Knighthead Funding, LLC (Knighthead) has provided Eastman Companies with a $16 million first mortgage for the acquisition and conversion of a 437-bed student housing property into a 149-unit multifamily property in Myrtle Beach, South...
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