Avery Hall’s One Boerum Place recapitalized for $176.45 million
JLL Capital Markets announced that it has arranged senior and mezzanine financing in the amount of $176.45 million for the recapitalization of One Boerum Place, a 138-unit multihousing property with ground-floor retail in Downtown...
PCCP, LLC and Abode Communities, LLC form joint venture to develop build-to-rent communities in...
PCCP, LLC announced that it has formed a joint venture with Abode Communities, LLC for the ground-up construction of three build-to-rent (BTR) communities in the heart of Raleigh, North Carolina. These infill, Class A,...
Baltimore Class A multihousing community trades
JLL Capital Markets announced that it has closed the sale of 225 North Calvert St., a 347-unit, Class A multihousing community with ground-floor retail in the Inner Harbor District of Baltimore, Maryland. JLL marketed the...
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...
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....
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...
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...
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...
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...
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...
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,...
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...
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...
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...
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...