Saturday, May 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

Ashland Place

Breneman Capital Acquires 47-Unit Apartment Complex Ashland Place in Chicago

Breneman Capital announced that it has acquired the apartment community known as Ashland Place located at 33 S Ashland Ave in Chicago, Illinois. The apartment building is located in Chicago's West Loop neighborhood – one...
Verde

Construction Nearing Completion on New 254-Unit Multifamily Tower Verde in San Francisco’s Mission Rock...

Verde, a new 254-unit multifamily development in San Francisco’s Mission Rock neighborhood, has been completed and has now begun leasing. Verde is the second residential tower to be completed at Mission Rock. Designed by award-winning...
Crawford Gardens

DCHFA Finances New Affordable Senior Housing and Grandfamily Development in Ward 7

The District of Columbia Housing Finance Agency (DCHFA) issued $25.9 million in tax exempt bonds, underwrote $21.4 million in federal Low Income Housing Tax Credit (LIHTC) equity and $4 million in District LIHTC equity...

219-unit condominium complex in Temple Hills, Maryland, sells through Chapter 11 bankruptcy plan

Transwestern today announces it represented the Lynnhill Condominium Association in the disposition of Lynnhill Condominiums, a 219-unit community at 3103 – 3107 Good Hope Ave in Temple Hills, Maryland. The property was purchased by...
Jackson Square

Berkadia arranges financing for July Residential’s acquisition of a 1,275-unit multifamily portfolio in Houston

Berkadia announces it has secured financing for July Residential’s acquisition of a 1,275-unit multifamily portfolio of communities located in Houston, Texas. The five assets in the property, all built between roughly 1976 and 1983,...
Alexan Pena Station

Berkadia Secures $81M in Funding for the Construction of the 578-unit Alexan Pena Station...

Berkadia announced that it has arranged $81.23 million in joint venture equity for Alexan Pena Station, a to-be-built, 578-unit multifamily development in Denver, Colorado. Alexan Pena Station, located on the northeast side of Denver, will...
Solaire 8200 Dixon

WPC breaks ground for 403-unit opportunity zone apartment tower with Silver Spring, MD’s first...

Washington Property Company has broken ground for Solaire 8200 Dixon, a 403-unit, 26-story apartment tower in the Ripley District of  downtown Silver Spring, MD. Clark Construction Company is on track to deliver the first apartments...
Cypress Apartments

Knightvest Capital Continues North Texas Expansion with Cypress Apartments Acquisition

Knightvest Capital, a vertically-integrated multifamily investment company, announced today the acquisition of the Cypress Apartments in McKinney, Texas, a fast-growing suburb of the Dallas-Fort Worth area. This represents Knightvest Capital's first closed acquisition of...
Sanctuary on Broadway

ABI Multifamily brokers 240-unit Tempe apartment community for $42.75 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $42.75 million / $178,125 Per Unit / $231.39 Per SF sale of Sanctuary on Broadway,...
Alexandria Station

Avanath acquires two affordable communities totaling 578 units for nearly $100 million in Washington...

Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has purchased two affordable apartment communities with a combined total of 578 units in Alexandria, Virginia—a city in the Washington...
Mansfield Multihousing Property

JLL arranges financing for Mansfield, Texas, apartments

JLL Capital Markets announced today that it has arranged acquisition financing for a multihousing community located in the Fort Worth suburb of Mansfield, Texas. JLL worked exclusively on behalf of Hilltop Residential to arrange the...
535 Carlton Avenue

Avanath Capital Management acquires 100th asset: A mixed-use rent-stabilized portfolio in Brooklyn, New York,...

Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has acquired its 100th asset: a mixed-use portfolio containing two multifamily properties with ground-floor retail space in Brooklyn, New York,...
Cadence at Crown

JRK Property Holdings acquisition of 538-unit apartment community beginning of $1.6 billion in transaction...

JRK Property Holdings, one of the largest multifamily landlords in the United States, has acquired a 538-unit apartment complex in the Washington, DC suburb of Gaithersburg, MD,  the first in a series of acquisitions...

Transwestern Investment Group acquires 464-unit community in Dallas-Fort Worth with S2 Capital

Transwestern Investment Group (TIG) and S2 Capital LLC today announce the acquisition of Oak Creek Apartments on behalf of one of its managed funds. Located at 1611 Oak Creek Lane in Bedford, Texas, the...
4108 E Broadway

Stepp Commercial completes $2.66 million sale of 6-unit apartment property in Belmont Heights neighborhood...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.66 million sale of a six-unit apartment property located at 4108 E. Broadway in Long Beach’s Belmont Heights neighborhood. Principal...
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