Friday, May 17, 2024

Deal boom

Apartment deals, mergers and acquisitions

Acton Courtyard

Avanath Capital Management acquires 71-unit mixed-use affordable housing and retail community in Berkeley, California

Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has acquired Acton Courtyard, a 71-unit mixed-use Affordable housing community with 7,013 square feet of ground-floor retail, located in Berkeley,...
Timber Court

72-unit Timber Court Sells for $16 Million

Timber Court, located at 3400-20 N. Old Arlington Heights Rd. in Arlington Heights, Illinois, has sold for $16 million to a Chicago-based portfolio apartment investor. The 72-unit property was listed for sale by multifamily...
6710 S. Claremont Ave

Interra Realty brokers $2.9 million sale of 55-unit mixed-use building in Chicago’s Marquette Park...

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $2.9 million sale of 6710 S. Claremont Ave., a 55-unit mixed-use building in Chicago’s Marquette Park neighborhood that includes six...
Grace Gardens

C.W. Driver Companies completes $25 million memory care facility for Town & Country Senior...

C.W. Driver Companies, a premier builder serving California for more than 100 years, announced the completion of Grace Gardens, a 50,564 square-foot, two-story memory care facility for Town & Country in Santa Ana that...
Veranda and Sunflower Apartments

ABI Multifamily brokers 208-unit South Glendale multifamily apartment community for $32.85 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $32,850,000 / $157,933 Per Unit / $230.69 Per SF sale of Veranda & Sunflower Apartments,...
Tecela Little Havana

Infill multihousing community in Miami’s Little Havana area sells

JLL Capital Markets announced that it has closed the $4.1 million sale of Tecela Little Havana, a 16-unit, newly developed, small-scale, urban, infill multihousing community in the Little Havana neighborhood of Miami, Florida.  JLL marketed...
Newport

Institutional Property Advisors closes $54 million Greater Phoenix multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Newport, a 204-unit multifamily property in Avondale, Arizona. The asset traded for $54 million, which equates to $264,706 per unit. “Defined...
Vecina Apartment Villas

Institutional Property Advisors brokers San Antonio multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Vecina Apartment Villas, a 297-unit multifamily property in San Antonio, Texas. “Vecina Apartment Villas, developed by LIV Development in 2020, offers...
Meadowbrook

Cushman & Wakefield arranges $6.82 million sale on behalf of Arch Companies

Cushman & Wakefield announced the commercial real estate services firm has arranged the $6.82 million sale of Meadowbrook, a 60-unit apartment community located in Foley, Alabama. Andrew Brown and Craig Hey of Cushman & Wakefield...
The Proper

DivcoWest and Blackfin purchase 384-unit Raleigh multifamily community

A partnership between DivcoWest and Blackfin Real Estate Investors has completed the purchase of The Proper, a 384-unit residential community located at 403 Wolf Creek Circle in Raleigh, North Carolina. Built as high-end student...
Meadowview of Davenport

Marcus & Millichap Capital Corporation arranges $20.25 million seniors housing loan

Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, has arranged financing of $20.25 million for the development of Meadowview of Davenport, a seniors housing facility...
Hampton Ridge

Greystone Bel’s Chicago office completes sale of five-property portfolio in Rockford, Illinois totaling $43.3...

Greystone Bel Real Estate Advisors Chicago Office recently closed the sale of the Hampton Portfolio in Rockford, Illinois for $43.3 million. The multifamily portfolio consists of five-properties totaling 582 units, which equates to a...
Playa Pacifica

Institutional Property Advisors brokers two-property $275 million multifamily portfolio sale along the Southern California...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of two adjacent multifamily assets located two blocks from the beach in Hermosa Beach, California. The assets are 285-unit Playa Pacifica...
Renaissance City Center

Standard Communities and Faring form joint venture to create $2 billion of middle-income housing...

Standard Communities, one of the nation’s preeminent affordable and workforce housing investors, and Faring, among California’s most prolific developers, have formed a joint venture to create over $2 billion of “missing-middle” housing throughout California...
1410 South Country Club Drive

ABI Multifamily brokers 120-unit multifamily-hotel conversion opportunity for $13.2 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $13,200,000 / $110,000 Per Unit / $232.66 Per SF sale of 1410 South Country Club...
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