Saturday, April 20, 2024

Deal boom

Apartment deals, mergers and acquisitions

Tryko Partners acquires Camden Court Apartments in Baltimore, Md.

Tryko Partners, LLC has expanded its multifamily portfolio with the addition of Camden Court, a 221-unit high-rise apartment community in downtown Baltimore. The private equity investment group has plans to launch a multi-million-dollar capital...
Longitude 81 Apartments

ECI Group acquires 260-unit Longitude 81 Apartments in Estero, Florida

ECI Group (ECI) announces the acquisition of Longitude 81 Apartments, a 260-unit, upscale apartment community at 11221 Everblades Parkway in Estero, Florida. Built in 2016, Longitude 81 encompasses 11, two-story apartment buildings on 17.95...

Aeon acquires 306-unit Village Club Apartments to preserve affordability

Today Aeon, a nonprofit developer, owner, and manager of affordable homes, completed the purchase of Village Club Apartments, a 306-apartment property in Bloomington. Key partners in the acquisition include the City of Bloomington, the...
Santa Fe Townhomes

Marcus & Millichap Capital Corporation arranges $15 million financing for multifamily property in San...

Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged a $15.043 million loan for the refinancing of Santa Fe Townhomes, a multifamily property located at...
Parc Place Apartments

LYND acquires Miami apartment asset for over $40 million

LYND continues its robust investment activity in South Florida with the acquisition of a 234-unit garden-style apartment community in Miami. The Texas-based multifamily investor, developer and operator paid $40.8 million for the Parc Place...

​Cushman & Wakefield negotiates sale of The Vue at Belleair in Clearwater

Cushman & Wakefield has negotiated the sale of The Vue at Belleair, a 339-unit luxury multifamily community in Pinellas County. Luis Elorza, Brad Capas, Robert Given and Michael Mulkern of Cushman & Wakefield’s Multifamily Group represented Columbus, GA-based Flournoy Development Company in the sale. Castle Lanterra...

1970s-built multifamily asset comes to market in San Diego County

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces it has been selected to exclusively market for sale Villa Capri, a 98-unit multifamily property in Escondido, California. The price is $21.2 million. “Built...
Bainbridge Avenues Walk

Joint Venture of PCCP, LLC and The Bainbridge Companies acquires 32.6 acres for development...

A joint venture of PCCP, LLC and The Bainbridge Companies announced it has acquired a 32.6-acre site for the construction of Bainbridge Avenues Walk, a 372-unit Class A multifamily community located at 10502 Avenues...
San Antonio Sales

Institutional Property Advisors brokered four Class A multifamily asset sales in San Antonio for...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of four multifamily properties totaling 1,267 units in San Antonio, Texas in the first quarter of 2021. The assets sold for...

Cityview announces opening of The Pearl on Wilshire in Koreatown

Cityview, a premier urban multifamily investment management and development firm, today announced the opening of The Pearl on Wilshire, a luxury mixed-use development featuring 346 apartment homes with a blend of studio, one- and...
Valley Crest

Cushman & Wakefield arranges $21.5 million sale on behalf of Arcan Capital

Cushman & Wakefield announced that the commercial real estate services firm has arranged the $21.5 million sale of two apartment communities totaling 289 units located in Birmingham, Alabama. Andrew Brown, Craig Hey and Parker Caldwell...
Towerview

Canyon Partners Provides $15.6M in Preferred Equity to Recapitalize Towerview at Ballantyne in Charlotte

Canyon Partners Real Estate LLC ("Canyon") announced that it has provided a $15.6 million preferred equity investment relating to the recapitalization of Towerview at Ballantyne, a Class-A, high-rise residential community in the Ballantyne submarket...
Lexington Hills

Monument Capital Management Disposes of Lexington Hills Apartment Community in Eagan Minnesota

Monument Capital Management, an A-Rod Corp company and one of the country’s premier fully integrated real estate investment firms, announced the sale of Lexington Hills Apartments in Eagan, Minnesota. The sales price was not...

Twin-tower development site in Denny Triangle sells for $72 million

A multifamily development site, located at 1901 Minor Avenue in Seattle, Washington, has been purchased by Concord Pacific, a Canadian residential developer, for $72 million. Kidder Mathews commercial real estate brokers, Ross Klinger and...
Marisol

Berkadia Structures Forward Sale of Build-to-Rent Community Marisol Near Sarasota Florida

Berkadia announced that it structured the forward sale of Marisol, a build-to-rent community featuring 172 villa-style homes located approximately 40 miles south of Tampa in Bradenton, Florida. Senior Managing Director Matt Mitchell, Associate Bailey Smith,...
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