Institutional Property Advisors closes core Dallas apartment asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Alexan Henderson, a 321-unit apartment property in the Knox-Henderson neighborhood of Dallas, Texas. “Alexan Henderson’s luxury apartments and townhomes mirror the...
Mesa West Capital continues Austin origination momentum with $40 million loan for acquisition of...
Mesa West Capital has originated $40 million in first mortgage debt to finance the off-market acquisition of a 309-unit apartment complex in Austin, Texas. The buyer is Texas-based SPI Advisory. The five-year, floating rate loan...
ECI Group acquires Mosaic at Oak Creek Apartments, adding to Southwest Florida portfolio
ECI Group announces the acquisition of Mosaic at Oak Creek Apartments, a 273-unit community with 7,354 square feet of retail in Bonita Springs, Fla. The development was completed in 2020 by Mosaic Development. Financing...
Decron Properties acquires Class A multifamily community in Tempe, Arizona for $64.750 million
Decron Properties has made its second acquisition in the Phoenix MSA in the past six weeks with the purchase of 1221 Broadway, a 194-unit Class-A multifamily community in Tempe, Ariz. for $64.750 million. Decron made...
$61 million construction loan secured to build Class A apartments in Kissimmee
JLL Capital Markets announced it secured a $61 million construction loan and preferred equity for the Infield Apartments, a multihousing development located in Kissimmee, Florida, just south of Orlando. JLL worked on behalf of the...
Mixed-use property in West Hartford sells for $40.5 million
JLL Capital Markets announced that it has closed the $40.5 million sale of Blue Back Square, a dynamic 445,661-square-foot mixed-use property with ground floor retail, best-in-class office and medical office space, along with 48...
The Multifamily Group brokers 400 units in San Antonio, Texas
The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week it had facilitated Limestone Oaks & Townhomes at Limestone Oaks’ sale in San Antonio. Managing Director Bryce Smith represented the...
Castle Lanterra Properties sells Watergate Pointe in Annapolis, MD to TPG Real Estate Partners...
Castle Lanterra Properties (CLP), a New York-based national real estate investment firm, announced the sale of Watergate Pointe in Annapolis, Maryland to TPG Real Estate Partners (TREP), the dedicated real estate equity investment platform...
Knighthead Funding LLC provides $20.9 million for multifamily Community in Tacoma, Washington
Knighthead Funding LLC has provided a $20.9 million loan for the construction of an eight-story, 115-unit multifamily building in Tacoma WA. The Sponsor is a single purpose entity formed by three local investors who have...
Beachwold Residential secures first supplemental loan for Ariel Springs
JLL Capital Markets announced it secured a $15.85 million financing for Ariel Springs, a garden-style, multihousing property located in Spring Hill, Florida, about 50 miles north of Downtown Tampa. JLL represented the borrower, Beachwold Residential,...
Stepp Commercial completes $4.455 million sale of 20-unit apartment property in Long Beach, California
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.455 million sale of a 20-unit apartment property located at 1000 Redondo Avenue in the Eastside submarket of Long...
Gebroe-Hammer’s David Oropeza arranges $14.95 million East Orange portfolio sale
In East Orange, where transportation and connectivity are at the crux of the city’s urban revival, a 113-unit, three-property multifamily portfolio has traded for $14.95M in a sale orchestrated by Gebroe-Hammer Associates. Executive Managing...
American Landmark acquires brand new suburban apartments near Charleston, South Carolina
American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired The Mason, a 264-unit apartment community located in Ladson, South Carolina, roughly 30 minutes north of Charleston. The...
LYND acquires Miami apartment asset for over $40 million
LYND continues its robust investment activity in South Florida with the acquisition of a 234-unit garden-style apartment community in Miami. The Texas-based multifamily investor, developer and operator paid $40.8 million for the Parc Place...
Old Three Hundred Capital secures $61.4 million in financing for the acquisition of the...
JLL Capital Markets announced it arranged a total of $61.4 million in acquisition financing for Muir Lake Apartments, a multihousing property located in Cedar Park, near Austin, Texas. JLL worked on behalf of the borrower,...