Monday, May 6, 2024

Deal boom

Apartment deals, mergers and acquisitions

Artist Lofts

Parkview Financial provides $42.5 million loan for mixed-use property to include 210 apartment units...

Parkview Financial announced it has provided a $42.5 million construction loan to Monroe Germantown Holdings, LLC for the development of Artist Lofts, a mixed-use property located at 1217-31 2nd Ave N in the Germantown...
Broadleaf Apartments

Intercontinental Real Estate Corporation enters Sacramento market partnering with Security Properties on 244-unit multifamily...

Intercontinental Real Estate Corporation (Intercontinental) in joint venture with Security Properties have acquired Broadleaf Apartments, a 244-unit Class B+ garden-style apartment community located in the Pocket neighborhood of Sacramento, Calif. The off-market transaction represents a...
Citizen & Oake

Thayer Manca Residential sells renovated Washington property for $60 million

Thayer Manca Residential (TMR) has sold their latest multifamily property in Lakewood, Washington, Citizen & Oake, for $60,000,000. The Seattle-based investment firm acquired the 231-unit apartment community in August 2016 for $32,950,000 and completed...
Ocean House

Cushman & Wakefield arranges $41 million sale on behalf of Ytech

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Ocean House, a 186-unit multifamily property in the North Beach area of Miami Beach. The final sale price...
Vue on 67th

Cushman & Wakefield arranges $34.65 million sale on behalf of Park Partners

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Vue on 67th, a 178-unit apartment community located in Davie, Florida. The final sale price was $34.65 million. Calum...
Canopy Place

Multihousing community refinanced for $16 million in Jacksonville, Florida

JLL Capital Markets announced that it has arranged a $16 million refinancing for Canopy Place, a 150-unit, townhome-style multihousing community in Jacksonville, Florida. JLL worked on behalf of the borrower, Beachwold Residential LLC, to secure...
The Asher

FCP expands Atlanta footprint with $116 million investment in three apartment acquisitions totaling 808...

FCP has announced its acquisition of three Atlanta-area apartment communities within the past three weeks, marking the company’s fourth, fifth and sixth Atlanta apartment investments in 2021. The firm invested $116 million in Springdale Glen,...
Parc Place Villas

Cushman & Wakefield arranges $41.25 million sale on behalf of Coastline Management Group Inc....

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Parc Place Villas, a 300-unit apartment community located in Tampa, Florida, on behalf of Coastline Management Group Inc....
Solano Pointe Apartments

ABI Multifamily brokers South Glendale 276-unit multifamily apartment community for $42 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $42,000,000 / $152,174 Per Unit / $233.50 Per SF sale of Solano Pointe Apartments, a...
Broadstone Grand

Decron Properties acquires multifamily community in Tempe for $106.5 million

Decron Properties continued its rapid expansion into the Phoenix MSA with its acquisition of Broadstone Grand, a 300-unit multifamily community in Tempe Arizona for $106.5 million. Since entering the market in May of this year,...
The Gallery

Avison Young arranges the sale of The Gallery, a 10-unit mixed-use property in Laguna...

Avison Young announced it has arranged the sale of The Gallery, a 10-unit mixed-use property located at 326-336 North Coast Highway in Laguna Beach, California (Orange County). The property consists of seven apartments units...
Wilder

Cushman & Wakefield arranges multifamily sale on behalf of Hudgins Companies and Maverick Development...

Cushman & Wakefield announced the commercial real estate services firm has arranged the sale of Wilder, a 381-unit apartment community located in Austin, Texas. John Carr and Ben Fuller of Cushman & Wakefield represented the...
Shoreline Apartments

Cushman & Wakefield represents SBD Tradewinds, L.P. in $19.6 million sale

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Shoreline Apartments, a 206-unit apartment community located in Jacksonville, Florida, on behalf of SBD Tradewinds, L.P. The final...
Arcadia on 49th

Institutional Property Advisors closes two Phoenix multifamily asset sales

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sales of The District at Fiesta Park, a 321-unit multifamily asset in Mesa and Arcadia on 49th, a 192-unit multifamily asset in...
V& Three

American Landmark acquires 338-unit transit-oriented apartment community near University of North Carolina at Charlotte

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired V& Three, a 338-unit apartment community built in 2019 in the Autumnwood submarket of Charlotte, North Carolina—just five...
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