Deal boom

Apartment deals, mergers and acquisitions

IPA brokers record-setting multifamily sale in Ventura

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Via Ventura, a 192-unit apartment complex in Ventura, California. The property sold for $74 million, which equates to $385,417 per...

Pathway to Living expands to Michigan with senior housing acquisition

Pathway to Living, a Chicago-based developer, owner and operator of senior living communities, today announced it has completed its acquisition of the property formerly known as Elmcroft of Kentwood in Kentwood, Mich. Located at...

Morgan opens luxury Pearl La Floresta in California

MORGAN, a leader in upscale multifamily development, construction and property management, has opened and started leasing Pearl La Floresta in Orange County, California. The five-story midrise, MORGAN's latest luxury apartment community in its portfolio...

Trez Forman Capital Group closes $44.8 million construction loan

Florida-based Trez Forman Capital Group has completed a $44.8 million loan to finance construction of a new maintenance-free residential community in Southwest Florida geared towards baby boomers.  The loan, which closed Thursday, February 1st,...

TransUnion + ApartmentJet address short term rental tenant screening challenge

Short-term rentals have caused major disruptions to the apartment industry, sometimes resulting in evictions, lawsuits and even regulatory changes. TransUnion announced it has partnered with ApartmentJet, Inc. to help multifamily property owners and management...

San Fernando Valley apartment complex trades hands at $45 million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Cielo Apartments, a 119-unit multifamily property in Chatsworth, California. The $45 million sales price equates to more than $378,000 per...

Oakwood to open its first property in Osaka summer 2018

Oakwood Worldwide announced the planned opening of Oakwood Hotel & Apartments Shin-Osaka. Scheduled to open this summer, the property will be the first property in Japan outside of Tokyo, and it joins a growing...

Record Tampa Bay area multifamily sale closed by Marcus & Millichap

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Lakeside Apartment Homes, a 228-unit apartment asset located in Brandon, Florida....

Multifamily investment opportunity offered exclusively by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the exclusive opportunity to acquire Bel Aire Terrace, a 324-unit apartment community in Crestview, Florida. The price is open bid. “Bel Aire Terrace is...

Stiles|Hensler mixed-use development Peabody Union moves forward

Nashville, TN-based Hensler Development Group and South Florida-based Stiles announced today that they will co-develop Peabody Union, a mixed-use, luxury commercial and residential project in Nashville, TN. Peabody Union will establish a new Design...

Meridian Capital Group arranges $3.7 million in financing for a multifamily property in New...

Meridian Capital Group, America’s most active dealmaker, arranged $3.7 million in financing for the refinance of a multifamily property in New Haven, CT. The seven-year, floating-rate loan is swapped at 190 basis points over LIBOR...

$20.5 million buys Tucson value-add multifamily asset

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of River Oaks Apartments, a 300-unit apartment complex in Tucson, Arizona. The $20.5 million sales price equates to $68,333 per unit. “The...

$110 million multifamily asset in Phoenix sold by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Red Mountain Villas, a 768-unit apartment complex in Phoenix. The $110 million sales price equates to $143,229 per unit. The...

CA Senior Living announces start of construction on 128-unit Atria at River Trail in...

CA Senior Living LLC, the senior housing investment and development division of Chicago-based CA Ventures, today announced construction is underway on Atria at River Trail, a 128-unit senior living community at the corner of...

Multifamily value-add asset sold by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of The Ranch at Fossil Creek, a 274-unit multifamily property in Fort Worth, Texas. “Built in 2002, The Ranch at Fossil Creek...
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