Friday, May 3, 2024

Deal boom

Apartment deals, mergers and acquisitions

Legacy Haywood

Cushman & Wakefield arranges sale on behalf of Daniel Corporation

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Legacy Haywood, a 244-unit apartment community located in Greenville, South Carolina. Tai Cohen, Jordan McCarley and Marc Robinson of...
Hollywood Tower

Institutional Property Advisors brokers sale of Landmark Tower in Hollywood

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Hollywood Tower, an historic, eight-story, 52-unit multifamily asset in Hollywood, California. The property sold for $20.1 million, which equates to...
Legends at ChampionsGate

Berkadia secures $43.2 million in acquisition financing for 252-unit community in Orlando

Berkadia announces it has arranged $43.2 million in financing for the acquisition of Legends at ChampionsGate, a 252-unit multifamily community in Orlando, Florida. Senior Managing Director Mitch Sinberg and Associate Director Matthew Robbins of...
blackstone acquires aig

Blackstone acquires AIG affordable housing portfolio

On July 14, Blackstone Real Estate Income Trust (BREIT) announced that they reached a definitive agreement for BREIT to acquire AIG’s interests in a U.S. affordable housing portfolio for approximately $5.1 billion, in an...
The Montrose Portfolio

Interra Realty brokers $11.45 million sale of 7-building rental community in Chicago’s Albany Park...

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $11.45 million sale of 3634-48 and 3639-47 W. Montrose Ave., a seven-building, 39-unit rental community in Chicago’s Albany Park neighborhood. The...
Westwood Glen

FCP acquires Westwood Glen Apartments in Atlanta for $24.5 million

FCP announces the acquisition of Westwood Glen, a 247-unit apartment community in Atlanta, GA for $24.5 million. The acquisition marks FCP’s 21st investment in Atlanta and the 9th in the city’s Westside. “Located in the same...
Polaris Wadsworth Station Apartments

$50 million financing arranged for luxury multihousing development near Denver

JLL Capital Markets announced that it has arranged a $50 million construction loan for the development of Polaris Wadsworth Station Apartments, a 276-unit, to-be-built, luxury, garden-style multihousing community in the Denver-area community of Broomfield,...
Spring Hollow

DB Capital increases Utah holdings with acquisition of 88-unit apartment community in South Salt...

Multifamily investment firm DB Capital Management (DB Capital) continues its investment activities in Utah with the acquisition of Spring Hollow, an 88-unit apartment complex in Millcreek, Utah, an affluent suburb of Salt Lake City. The...
Macallan at Ross

American Landmark acquires 368-unit multifamily community in Dallas

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired Olympus at Ross, a 368-unit multifamily community in Dallas. The property will be renamed Macallan at Ross. The acquisition...
Broadmoor Village

Institutional Property Advisors completes apartment property sale in suburban Salt Lake City

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Broadmoor Village, a 348-unit apartment property in West Jordan, Utah. “Salt Lake City is one of the nation’s fastest-growing metropolitan areas,...
Greentree Homes Apartments

Magma Equities acquires 146-unit multifamily community in West Knoxville, Tennessee for $15.425 million

Multifamily investment firm Magma Equities (Magma) in partnership with Viking Partners has added to its Tennessee portfolio with the acquisition of Greentree Homes Apartments, a 146-unit garden-style community in Knoxville for $15.425 million. The property,...
Vue 180 on the Water

Luxury multihousing community near Cincinnati sells

JLL Capital Markets announced that it has closed the sale of Vue 180 on the Water a 93-unit, Class A multihousing community in the greater Cincinnati area of Newport, Kentucky. JLL marketed the property on...
Noble Vines at Braselton

Passco Companies acquires luxury multifamily property in northeast Atlanta for $69 million

Transwestern Real Estate Services (TRS) announces its Southeast Investment Sales team has arranged the sale of Noble Vines at Braselton, a 248-unit garden-style apartment community at 1500 Noble Vines Drive in Braselton, Georgia. Transwestern...
Upland Townhomes

ZMR Capital acquires multifamily community in Atlanta for $40.1 million

ZMR Capital (ZMR) has acquired Upland Townhomes (Upland), a 348-unit multifamily community in Atlanta, GA for $40.1 million. Upland is ZMR’s third acquisition in the Atlanta metro over the past three years and brings the...
The Ellison

Cushman & Wakefield arranges sale on behalf of Newport Development Partners

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Ellison, a 250-unit apartment community located in Kennesaw, Georgia. Robert Stickel, Alex Brown and Ashlyn Warren of Cushman...
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