Wednesday, May 1, 2024

Deal boom

Apartment deals, mergers and acquisitions

Crescent Commons

Trion Properties enters Southeast market with acquisition of 288-unit multifamily community in Fayetteville, North...

Trion Properties, a private equity real estate firm based in West Hollywood, California and Miami, Florida specializing in multifamily investments, has entered the Southeast market with the acquisition of Crescent Commons, a 288-unit multifamily...
150 and 154 Belmont Ave

Gebroe-Hammer Associates’ Niko Nicolaou arranges $21.45 million Jersey City multifamily portfolio sale

In New Jersey’s second largest municipality of Jersey City, Gebroe-Hammer Associates’ Executive Vice President Niko Nicolaou has arranged the $21.45M sale of a 134-unit multifamily portfolio spanning three of the city’s 13 constituent neighborhoods....
Kuehn’s Way

MassHousing commits $3.8 million in financing for new affordable and workforce housing on Martha’s...

MassHousing has committed $3.8 million in affordable and workforce housing financing to the non-profit Island Housing Trust (IHT) for the development of Kuehn’s Way in West Tisbury, a 20-unit rental community for lower- and...
1808 Aldrich Street

Knighthead Funding provides $59.5 million for mixed-use condominium development in Austin, Texas

Knighthead Funding LLC (Knighthead) has provided a joint venture between Austin-based developer Pearlstone Partners (Pearlstone) and New York City based ATCO with $59.5 million in financing for the construction of a mixed-use condominium development...
Stadium Place

DLP Capital acquires 200-unit multifamily in Jonesboro, Arkansas

DLP Capital, a private financial services and real estate investment firm, announces the acquisition of Stadium Place, a 200-unit multifamily property, located in Jonesboro, Arkansas. The addition of the community, which will be renamed...
Rio Vista

Marcus & Millichap completes multifamily asset sale in Dallas/Fort Worth Metroplex

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Rio Vista, a 246-unit apartment asset in the northeast suburbs of...
Madison at Town Center

Institutional Property Advisors closes $62 million multifamily asset sale in Santa Clarita Valley

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Madison at Town Center, a 130-unit apartment complex in Valencia, California. The asset traded for $62 million, or $476,923...
Campo Felice

Westside Capital Group acquires a second high-rise waterfront residential tower in Fort Myers

Westside Capital Group, a real estate investment holding firm based in Miami, announced the acquisition of Campo Felice, a 24-story residential tower with 323 apartment units located in the historic downtown of Fort Myers,...
17 South Apartments

West Shore expands into Charleston market with acquisition of premier multifamily asset

West Shore LLC, a multifamily real estate investment firm, has purchased 17 South Apartments in Charleston, South Carolina. Ramping up a strategic expansion effort, 17 South Apartments is the firm’s first investment in Charleston...
Sedona Ridge

Sale of 250-unit multihousing community in Phoenix closes

JLL Capital Markets announced that it has closed the sale of Sedona Ridge, a 250-unit, garden-style multihousing community in Phoenix, Arizona. JLL marketed the property on behalf of the owner, Sares Regis Multifamily Funds. An...
BLU Bellevue

Institutional Property Advisors closes luxury multifamily asset sale in suburban Seattle for $109 million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of BLU Bellevue, a 135-unit luxury mixed-use multifamily community in downtown Bellevue, Washington. The property traded for $109 million, or $1,004.70...
TownCenter Park

Canadian REIT buys Portland-area multihousing community for $30 million

JLL Capital Markets announced that it has closed the $30 million sale of TownCenter Park, a 111-unit, 1990-built, garden-style multihousing community in Wilsonville, Oregon. JLL marketed the property on behalf of the seller, Curtis Capital...
1085 Molino Avenue

Stepp Commercial completes $4.39 million portfolio sale of two apartment properties in eastside submarket...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.39 million portfolio sale of two apartment properties located in the Eastside submarket of Long Beach, Calif. Principal Robert Stepp...
50-58 East Third St

GAIA Real Estate secures acquisition financing for East Village housing portfolio

JLL Capital Markets announced it has arranged $36 million in financing for the acquisition of three rental residential properties with a total of 71 units at 50-58 East Third St. in Manhattan’s East Village...
Palm Springs

Cushman & Wakefield arranges $13 million sale on behalf of PISMO

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Palm Springs, an 86-unit apartment community located in Hialeah, Florida. The final sale price was $13 million. Calum Weaver...
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