Friday, May 3, 2024

Deal boom

Apartment deals, mergers and acquisitions

The Rey on Reynolds

Cushman & Wakefield arranges sale on behalf of Quintus Development and The Carlyle Group

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Rey on Reynolds, a 286-unit apartment community located in Duluth, Georgia, a suburb northeast of Atlanta. Robert Stickel...
Olympus at Ross

Institutional Property Advisors closes luxury multifamily asset sale in Dallas

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Olympus at Ross, a luxury 368-unit multifamily complex in Dallas, Texas. “Olympus at Ross is a stabilized asset located in the...
7363-83 N. Winchester

Interra Realty brokers $5 million sale of 40-unit rental community in Chicago’s Rogers Park...

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $5.025 million sale of 7363-83 N. Winchester Ave., a two-building, 40-unit rental community in Chicago’s Rogers Park neighborhood. The price per...
University Apartments

Magma Equities acquires 359-unit multifamily community in Raleigh/Durham, NC for $42.4 million

Multifamily investment firm Magma Equities (Magma) in partnership with Viking Partners has acquired University Apartments, a 359-unit apartment community located in the Duke submarket of Durham, NC, in an off-market transaction for $42.4 million. Magma...
City 15 Apartments

ABI Multifamily brokers North Central Phoenix 161-unit multifamily apartment community for $32 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $32,275,000 / $200,466 Per Unit / $304.68 Per SF sale of City 15 Apartments, a...
Pier 19 Residences & Marina

Berkadia arranges $52 million recapitalization for Neology Life’s Pier 19 Residences & Marina in...

Berkadia announces it has secured a $52 million bridge loan to refinance Pier 19 Residences & Marina, a 199-unit luxury apartment community along the Miami River in downtown Miami. Senior Managing Director Charles Foschini...
Broadstone Junction

Cushman & Wakefield arranges sale on behalf of Alliance Residential Company and The Carlyle...

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Broadstone Junction, a 290-unit apartment community located in Norcross, Georgia, a suburb northeast of Atlanta. Robert Stickel and Alex...
Six Points Apartments

$21.25M loan arranged for Six Points Apartments near Milwaukee

JLL Capital Markets announced that it has arranged $21.25 million in acquisition financing for Six Points Apartments, a 178-unit, market-rate multihousing community in downtown West Allis, Wisconsin. JLL worked on behalf of the borrower, Spaulding...
Paseo Park

Transwestern Investment Group sells 480-unit garden-style apartment community in Phoenix market

Transwestern Investment Group (TIG), along with its partner, Knightvest Capital, announce the sale of Paseo Park, a 35-building garden-style apartment community at 5205 W. Thunderbird Road in Glendale, Arizona. The multifamily asset comprises 480...
Avalon Glen Cove

FCP provides preferred equity to Fairfield Properties for acquisition of multifamily community in Glen...

FCP announces that it recently closed on a preferred equity investment to facilitate Fairfield Properties’ acquisition of a residential community currently known as Avalon Glen Cove located in the village of Glen Cove, New York....
Lullwater at Big Ridge

Capital Square 1031 acquires newly constructed multifamily community in Greater Chattanooga, Tennessee

Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for 1031 exchange and other accredited investors, announced today the acquisition of Lullwater at Big Ridge, a 250-unit multifamily community in the...
The Legends at ChampionsGate

Institutional Property Advisors closes Orlando area multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Legends at ChampionsGate, 252-unit multifamily property in Championsgate, a planned community in the Orlando, Florida metropolitan area. “Orlando is ranked...
411 Euclid

Marcus & Millichap arranges the sale of 411 Euclid in Oakland, California

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 411 Euclid, a 13-unit apartment property located in Oakland, CA, according...
Legacy at Lanier

Fogelman Partnership completes acquisition of 150-unit multifamily community in Gainesville, Georgia

Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the acquisition of Legacy at Lanier apartments in Gainesville, Georgia. Built in 2004, Legacy...
Riverbend Apartments

Birmingham investor OG Capital closes off-market purchase of Multifamily Waterfront Community in Riverside

An affiliate of OG Capital, LLC, a Birmingham real estate investment firm, has acquired Riverbend Apartments. The 144-unit apartment community, built in 1980 overlooking the Coosa River and its Lake Logan Martin Reservoir, is 30 miles east of...
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