Thursday, April 25, 2024

Deal boom

Apartment deals, mergers and acquisitions

TruAmerica Multifamily expands into Georgia with two separate apartment buys in Atlanta for a...

TruAmerica Multifamily in partnership with Tokyu Land US Corporation has made its first investments in Georgia acquiring two Atlanta apartment communities in separate transactions totaling $127.35 million. Since entering the Southeast property markets in 2016,...
95-05 35th Ave

Marcus & Millichap arranges the sale of a 103-unit apartment portfolio

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a 103-unit apartment portfolio located in Queens, N.Y. The asset sold...
Metro Tucson

Institutional Property Advisors facilitates Tucson multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Metro Tucson, a 232-unit multifamily property in Tucson, Arizona. The asset sold for $38.5 million, which represents $165,948 per unit. “Metro...
The Cielo Apartments

New multihousing community near Minneapolis sells for $59 million

JLL Capital Markets announced that it has closed the $59 million sale of and arranged $44.25 million in acquisition financing for The Cielo Apartments, a 269-unit, multihousing community in the Minneapolis suburb of Fridley,...
Golden Peak Portfolio

Gebroe-Hammer Associates arranges $65 million multifamily portfolio sale of 400 units across three North...

Gebroe-Hammer Associates’ Niko Nicolaou, executive vice president, has arranged the $65M sale of the Golden Peak Portfolio, a 400-unit multifamily package spanning the Hudson Palisades region. Situated directly across from Midtown Manhattan and the...
Village at Boca East

Berkadia secures $12 million in acquisition financing for 84-unit community in Boca Raton, Florida

Berkadia announces it has arranged $12 million in financing for the acquisition of The Village at Boca East, an 84-unit multifamily community in Boca Raton. Senior Managing Director Mitch Sinberg and Associate Director Matthew...
EquityMultiple

Marcus & Millichap Enters Strategic Partnership with EquityMultiple

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced it has made an equity investment in EquityMultiple, a New York-based real estate financing...

HFF arranges financing for mixed-use development in San Diego’s Scripps Ranch

HFF announces it has arranged financing for the development of Carroll Canyon, a luxury residential and retail mixed-use development in San Diego’s affluent Scripps Ranch community. HFF worked on behalf of Sudberry Properties to arrange...
Country Club Garden Apartments

CBRE sells Country Club Garden Apartments to The Hamilton Company for $59.5 million

CBRE announced the sale of Country Club Garden Apartments located at 57 Mill Street in Woburn, Massachusetts, for $59,550,000. CBRE Capital Markets’ multihousing experts Simon Butler and Biria St. John exclusively represented the seller, Ninety Three...
Camden Parc Apartments

Solano County apartment complex sale brokered by Marcus & Millichap

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Camden Parc Apartments, a 232-unit apartment complex. The property sold for...
Townhomes at Powell

JLL Secures $32.7M Joint Venture LP Equity And Construction Debt For 132-Unit Build-To-Rent Project...

JLL announced that it has arranged joint venture LP equity and non-recourse construction financing for the development of Townhomes at Powell, a 132-unit, townhome-style build-to-rent community in Wildwood, Florida within The Villages MSA. JLL worked...

FC acquires national footprint within Coldwell Banker Commercial Advisors and establishes Advisors Commercial Real...

First Capital today announced that it has acquired assets of Coldwell Banker Commercial Advisors, a privately held affiliate of Coldwell Banker Commercial, on March 31, 2018, for an undisclosed price. The acquisition combines FC’s...
6811 S. Paxton

Interra Realty facilitates $2.3 million multifamily sale in Chicago’s South Shore Neighborhood

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $2.3 million sale of 6811 S. Paxton Ave., a 29-unit mid-rise apartment building in Chicago’s South Shore neighborhood. The price...
Kenect Nashville

JLL Secured $101.2M in Financing for Class A Nashville Apartment Building

JLL announced that it has arranged the $101.2 million refinancing for Kenect Nashville, a 420-unit, Class A, 2020-vintage, high-rise apartment building located in Nashville’s Midtown neighborhood. “We’re extremely pleased to secure additional capital to power...
Minns Apartments

Marcus & Millichap arranges the sale of Minns Apartments in Machesney Park, Illinois

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Minns Apartments, a 36-unit apartment property located in Machesney Park, IL,...
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