Wednesday, May 1, 2024

Deal boom

Apartment deals, mergers and acquisitions

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...
Solano Pointe Apartments

Tower 16 Capital Partners acquires two multifamily properties in Phoenix for $78.5 million

San Diego-based Tower 16 Capital Partners has acquired two properties across two separate transactions totaling 508 units in Phoenix, Ariz., for a total of $78.5 million. Banyantree Apartments, a 232-unit multifamily property located in...
5815 N. Sheridan

5815 N. Sheridan sells for $43 million to TLC Management

Kiser Group, Chicago’s leading multifamily brokerage firm, represented both the buyer, TLC Management and seller, Greenstone Property Group, in a $43 million, 188-unit off-market deal. Kiser Group’s Principal and Managing Broker Lee Kiser represented...
Woodbury Apartments

Thayer Manca Residential acquires new Washington state property

Thayer Manca Residential (TMR) has purchased Woodbury Apartments, their newest multifamily property in Olympia, Washington. TMR purchased the 127-unit property for $38,500,000.  With a $2.3m renovation budget, the repositioning plan includes a full redesign of...
Vesta Bouldercrest

Middleburg Communities reaches stabilization on fully renovated and repositioned 956-unit Atlanta workforce housing portfolio

Middleburg Communities (Middleburg), a Vienna, Virginia-based real estate investment, development and management firm, has reached stabilization on the substantial renovation, repositioning and leasing of three workforce housing apartment communities totaling 956 units in the...
Athens Reserve Apartments

The Multifamily Group brokers 122 unit vacant hotel in Athens, Texas

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced that it had facilitated the sale of the former Quality Inn & Suites in Athens, Texas. Advisor Greg Miller represented the buyer. Profectus...
Foothill Terrace

Colliers facilitates sale of 25-unit apartment community in San Leandro for $6.8 million

Leading diversified professional services and investment management company Colliers recently facilitated the sale of a 25-unit multifamily property called Foothill Terrace in San Leandro. Colliers’ Senior Vice President Rich Martini procured the buyer and...
Arboleda Apartments

RAAM Construction completes construction of a $29 million affordable senior housing development in La...

RAAM Construction, a general building construction firm specializing in multifamily and historic preservation projects throughout California, has completed the construction of an affordable senior housing development in La Puente, California for $29 million. The 71,499...
Twenty Twenty

PCCP, LLC provides $51 million loan to ColRich Multifamily for the acquisition of a...

PCCP, LLC announced it has provided a $51 million senior loan to ColRich Multifamily for the acquisition of Twenty Twenty, a seven-story, 162-unit mid-rise apartment property located at 2020 NE Multnomah Street in Portland,...
Hapimag Orlando Lake Berkley Resort

Avison Young closes $14.28 million sale of Hapimag Orlando Lake Berkley Resort in Kissimmee,...

Avison Young’s Capital Markets Group completed the $14.28 million sale of Hapimag Orlando Lake Berkley Resort, a boutique residential community comprised of 100 townhomes at 1010 Park Ridge Circle in Kissimmee, Florida, and two...
Kite House at The Parks at Walter Reed

$37.308 million financing arranged for new luxury condominiums in Washington, D.C.

JLL Capital Markets announced that it has arranged $37.308 million construction financing for the development of Kite House at The Parks at Walter Reed, a 109-unit condominium development with 11,000 rentable square feet of...
Monty

Cushman & Wakefield arranges multifamily sale on behalf of Greystar Real Estate Partners &...

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Monty, a 300-unit apartment community built in 2021, located in North Charleston, South Carolina. Tai Cohen, Jordan McCarley and...
Terri Ann Apartments

Colliers completes sale of Terri Ann Apartments for $6.3 million

Colliers is pleased to announce the sale of Terri Ann Apartments, a 25-unit multifamily building located at 1331 Terry Avenue in Seattle’s First Hill neighborhood. Tim McKay, Dan Chhan, Sam Wayne and Matt Kemper...
Vantage at Bulverde

Institutional Property Advisors closes multifamily asset in San Antonio

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Vantage at Bulverde, a 288-unit apartment complex outside of San Antonio, Texas. “Nestled in beautiful Bulverde, Texas, Vantage at Bulverde is...
Residences at the Sutton

PCCP, LLC provides $31 million bridge loan to The Pizzuti Companies for the refinance...

PCCP, LLC announced it has provided a $31 million bridge loan to The Pizzuti Companies for the refinance of The Residences at the Sutton, a Class A, 100-unit boutique multifamily asset located in the...
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