Monday, May 6, 2024

Deal boom

Apartment deals, mergers and acquisitions

Century Oaks Apartments

The Multifamily Group brokers 178 units in Killeen, Texas

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced that it had facilitated Century Oaks Apartments sale in Killeen. Managing Partner Paul Yazbeck represented the seller and Advisor Zach Weik and...
Lightner Creek Village Apartments

JLL Capital Markets arranged the acquisition financing for Lightner Creek Village Apartments in Durango

JLL Capital Markets announced that it has arranged $4.95 million in acquisition financing for Lightner Creek Village Apartments, a 35-unit multihousing community in Durango, Colorado. JLL worked on behalf of the borrower, Trailbreak Partners, to...
Shadow Ridge

Cushman & Wakefield represents Chandler Residential in Metro Atlanta multifamily sale

Cushman & Wakefield announced the commercial real estate services firm has arranged the sale of Shadow Ridge, a 294-unit apartment community in Riverdale, Georgia. Mike Kemether, Travis Presnell and James Wilber of Cushman & Wakefield...
Sienna Pointe Apartments

Tower 16 Capital Partners acquires a two-property, 504-unit multifamily portfolio in the Inland Empire...

San Diego-based Tower 16 Capital Partners has acquired a two-property multifamily portfolio consisting of 504 units in Moreno Valley, Calif., for $107.2 million. The Sienna Pointe Apartments project consists of 384 units built in...
The Preserve at Great Pond

Institutional Property Advisors brokers $63 million newly constructed luxury apartment complex sale in Windsor...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Preserve at Great Pond, a newly constructed, 230-unit luxury apartment complex in Windsor, Connecticut. The property sold for $63 million. “The...
Sky Ancala Apartments

ABI Multifamily brokers $100+ million, 330-unit, North Scottsdale luxury apartment community

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $104,500,000 / $316,667 Per Unit / $400.24 Per SF sale of Sky Ancala Apartments in...
Osprey

Cushman & Wakefield arranges sale on behalf of Toll Brothers Apartment Living

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Osprey, a 320-unit apartment community located in Atlanta. Robert Stickel, Alex Brown and Ashlyn Warren of Cushman & Wakefield...
The Alden

Cushman & Wakefield arranges sale of student housing planned for conversion to conventional apartments

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Alden, a 176-unit, 528-bed student housing apartment community located in Birmingham, Alabama. Travis Prince, Shawn Lubic and Victoria...
Timberchase

Cushman & Wakefield arranges $7.1 million sale on behalf of Morrison Avenue Capital Partners

Cushman & Wakefield announced that the commercial real estate services firm has arranged the $7.1 million sale of Timberchase, a 94-unit apartment community located in Birmingham, Alabama. Craig Hey and Parker Caldwell of Cushman &...
Corey Place Apartments

FCP and VaultCap Partners acquire Corey Place Apartments in Grand Prairie, Texas

FCP and VaultCap Partners (VaultCap) have acquired Corey Place Apartments, a 275-unit garden apartment community in Grand Prairie, Texas. The transaction marks the first joint venture for FCP and VaultCap. “FCP is excited to partner with...
Parallax

Luxury multihousing community in Portland sold

JLL Capital Markets announced that it has closed the sale of Parallax, a 66-unit, Class A, luxury multihousing community in the Boise-Eliot neighborhood of Portland, Oregon. JLL marketed the property on behalf of local sellers,...
Hanley Place Apartments

Berkadia arranges $56.89 million acquisition loan for 400-unit community in Tampa, Florida

Berkadia announces it has secured $56.89 million in financing for the acquisition of Hanley Place Apartments, a 400-unit community in Tampa, Florida. Managing Director Brad Williamson of Berkadia Miami and Associate Director Wesley Moczul...
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...
The Dylan

Institutional Property Advisors brokers $74.1 million North County San Diego multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Dylan, a 208-unit apartment complex in Oceanside, California. The property sold for $74.1 million, or $356,250 per unit. “Oceanside is...
Forest City Properties

Marcus & Millichap arranges the sale of a 111-unit apartment building

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Forest City Properties, a 111-unit apartment portfolio located in Loves Park...
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