Sunday, May 5, 2024

Deal boom

Apartment deals, mergers and acquisitions

Playa Blanca Apartments

Avison Young brokers $11.3 million sale of 44-unit Playa Blanca Apartments in Imperial Beach,...

Avison Young announced it has brokered the $11.3 million sale of Playa Blanca Apartments, a 44-unit apartment property located at 1939, 1945 and 1949 Avenida Del Mexico in Imperial Beach, CA (San Diego County)....
Alexan Earl

Sale of new multihousing community in Arlington closes

JLL Capital Markets announced that it has closed the sale of and arranged acquisition financing for Alexan Earl, a 333-unit, trophy-quality, multihousing community in the suburban Washington, D.C. community of Arlington, Virginia. JLL marketed the...
Winslow Crane Apartments

New multihousing community development near Denver capitalized

JLL Capital Markets announced that it has arranged $43 million in structured construction financing for the development of Winslow Crane Apartments, a 203-unit, Class A, garden-style multihousing community in the Denver-area community of Englewood,...
Infinity at the Rim

Institutional Property Advisors closes Northwest San Antonio multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Infinity at the Rim, a 310-unit, luxury mid-rise multifamily property in San Antonio, Texas. “Infinity at The Rim is an asset...
Shadow Creek Apartments

Levin Johnston directs acquisitions of two Bay Area properties totaling $30.8 million on behalf...

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has announced the successful completion of two multifamily acquisitions...
Elan River District

American Landmark Apartments acquires 325-unit Class A community in Dallas-Fort Worth

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired Elan River District, a 325-unit multifamily community located in Fort Worth, Texas. The property will receive $744,000 in...
Preserve at Clearwater

Scenic, amenitized senior living property sold in Clearwater

JLL Capital Markets announced that it closed the sale of The Preserve at Clearwater, an assisted living and memory care property located in Clearwater, Florida. JLL represented the seller, a joint venture between Solera Senior...
Tides on 50th Apartments

ABI Multifamily brokers East Phoenix 155-unit multifamily apartment community for $34.275 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $34,275,000 / $221,129 Per Unit / $354.10 Per SF sale of Tides on 50th Apartments,...
Queen City Townes

Haven Realty Capital adds 260 homes to BTR portfolio with acquisitions in Atlanta and...

Haven Realty Capital has added three new dedicated rental communities to its institutional single-family rental (SFR) and build-to-rent (BTR) portfolio with the acquisition of housing developments currently under construction in Atlanta and Charlotte. The...
1 Glenn Place

New multihousing community near Madison sells

JLL Capital Markets announced that it has closed the sale of and arranged $28.275 million in acquisition financing for 1 Glenn Place, a 191-unit, multihousing community in the suburban Madison community of Fitchburg, Wisconsin. JLL...
BELA

$43 million refinancing arranged for BELA in Jersey City

JLL Capital Markets announced that it has arranged a $43 million bridge loan for BELA, a newly constructed, 104-unit, luxury multihousing community in the growing Bergen-Lafayette neighborhood of Jersey City, New Jersey. JLL represented the...
Strayhorse Arrowhead Ranch

Institutional Property Advisors arranges boutique apartment asset sale in the Northwest Valley area of...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Strayhorse Arrowhead Ranch, a 136-unit apartment property in the Arrowhead Ranch master-planned community of Glendale, Arizona. The $45 million sales...
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,...
Parc Roundtree Ranch

Institutional Property Advisors negotiates $88.8 million multifamily sale in West Valley in Greater Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Parc Roundtree Ranch, a 275-unit, newly constructed multifamily asset in Peoria, Arizona. The property sold for $88.8 million, or $322,909 per...
Vim + Vigor

New multihousing community in Milwaukee sells for $53 million

JLL Capital Markets announced that it has closed the $53 million sale of Vim + Vigor, a new, 274-unit, mid-rise multihousing community in the Brewery District of Milwaukee, Wisconsin. JLL marketed the property on behalf...
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