Multihousing community refinanced for $16 million in Jacksonville, Florida
JLL Capital Markets announced that it has arranged a $16 million refinancing for Canopy Place, a 150-unit, townhome-style multihousing community in Jacksonville, Florida. JLL worked on behalf of the borrower, Beachwold Residential LLC, to secure...
FCP expands Atlanta footprint with $116 million investment in three apartment acquisitions totaling 808...
FCP has announced its acquisition of three Atlanta-area apartment communities within the past three weeks, marking the company’s fourth, fifth and sixth Atlanta apartment investments in 2021. The firm invested $116 million in Springdale Glen,...
Cushman & Wakefield arranges $41.25 million sale on behalf of Coastline Management Group Inc....
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Parc Place Villas, a 300-unit apartment community located in Tampa, Florida, on behalf of Coastline Management Group Inc....
ABI Multifamily brokers South Glendale 276-unit multifamily apartment community for $42 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $42,000,000 / $152,174 Per Unit / $233.50 Per SF sale of Solano Pointe Apartments, a...
Decron Properties acquires multifamily community in Tempe for $106.5 million
Decron Properties continued its rapid expansion into the Phoenix MSA with its acquisition of Broadstone Grand, a 300-unit multifamily community in Tempe Arizona for $106.5 million. Since entering the market in May of this year,...
Avison Young arranges the sale of The Gallery, a 10-unit mixed-use property in Laguna...
Avison Young announced it has arranged the sale of The Gallery, a 10-unit mixed-use property located at 326-336 North Coast Highway in Laguna Beach, California (Orange County). The property consists of seven apartments units...
Cushman & Wakefield arranges multifamily sale on behalf of Hudgins Companies and Maverick Development...
Cushman & Wakefield announced the commercial real estate services firm has arranged the sale of Wilder, a 381-unit apartment community located in Austin, Texas. John Carr and Ben Fuller of Cushman & Wakefield represented the...
Cushman & Wakefield represents SBD Tradewinds, L.P. in $19.6 million sale
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Shoreline Apartments, a 206-unit apartment community located in Jacksonville, Florida, on behalf of SBD Tradewinds, L.P. The final...
Institutional Property Advisors closes two Phoenix multifamily asset sales
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sales of The District at Fiesta Park, a 321-unit multifamily asset in Mesa and Arcadia on 49th, a 192-unit multifamily asset in...
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...
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 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...
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...
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...
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...