Friday, March 29, 2024

Deal boom

Apartment deals, mergers and acquisitions

Ridge at Hamilton Crossing

Cushman & Wakefield arranges multifamily sale of The Ridge at Hamilton Crossing

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Ridge at Hamilton Crossing, a 353-unit apartment community located in Maryville, Tennessee. Jimmy Adams and Craig Hey of...
Mag & May

Institutional Property Advisors brokers apartment building sale in Fort Worth’s Magnolia Urban Village

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Mag & May, a 240-unit apartment property in the Magnolia Urban Village community of Fort Worth, Texas. “Mag & May’s high...
Promenade Apartments

The RPH Multifamily Group of Marcus & Millichap sells a 29-unit apartment community in...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Promenade Apartments, a 29-unit apartment property located in Sarasota, Fla., according...
The Ridge at Readington

$42 million construction loan secured to develop The Ridge at Readington

JLL Capital Markets announced it has arranged a $42 million construction loan for the development of The Ridge at Readington, a 254-unit apartment community located in Readington, New Jersey. JLL worked on behalf of the...
Alexan Southside

PCCP, LLC provides $30 million senior loan to Madera Residential for the acquisition of...

PCCP, LLC announced it has provided a $30 million senior loan to Madera Residential for the acquisition of Alexan Southside, a 270-unit Class A multifamily community located at 4139 Bellaire Boulevard in the inner...
One Rocky Ridge

Fogelman Properties completes acquisition of 300-unit multifamily community in Douglasville, 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 One Rocky Ridge, a 300-unit multifamily community located in Douglasville,...
Overlook at Anaheim Hills

Avanath Capital Management acquires 261-unit senior housing community in Anaheim Hills, Calif. for $87.5...

Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has acquired its second senior housing community in Orange County in less than 90 days, Overlook at Anaheim Hills in...
7000 Wisconsin Ave

Capitalization closed for Class A multihousing development at 7000 Wisconsin Ave.

JLL Capital Markets announced that it closed the capitalization for a Class A multihousing development located at 7000 Wisconsin Ave. in Bethesda, Maryland, which is less than 10 miles from Washington D.C. The high-rise development...
City West

Institutional Property Advisors brokers multifamily sale in Orlando Florida

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of City West, a 300-unit apartment property in Orlando, Florida. The asset sold for $49.75 million. The buyer assumed the existing...
Coral Falls

Value-add apartments purchased for $40.2 million in Coral Springs, Florida

JLL Capital Markets announced it has closed the $40.2 million sale of Coral Falls, a 190-unit value-add multihousing property located in Coral Springs, Florida, which is just 20 miles northwest of Fort Lauderdale. JLL worked...
225 Mallorca Way

Gino Franco and Sandy Skeie of Marcus & Millichap broker multifamily asset sale in...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced sale of 225 Mallorca Way, a 21-unit multifamily property at Mallorca Way and Capra...
Savoy Manor

REEP Equity secures acquisition financing for Savoy Manor in Houston

JLL Capital Markets announced it arranged acquisition financing for Savoy Manor, a 192-unit multihousing property located in Houston, Texas. JLL worked on behalf of the borrower, REEP Equity, to secure the 10-year, floating-rate loan through...
Candlewood Village

Ranchharbor and Westgrove Partners acquire Albuquerque value-add multifamily portfolio

RanchHarbor and Westgrove Partners, two real estate investment firms based in Newport Beach, Calif. and Los Angeles respectively, announced their joint venture (JV) partnership in the acquisition of a two-property multifamily portfolio in Albuquerque,...
2851 Boston Ave

2851 Boston Ave. apartments in San Diego, California purchased

JLL Capital Markets announced that it closed the $2.4 million sale of 2851 Boston Ave., a nine-unit apartment community located in the Barrio Logan submarket of San Diego, California. JLL represented the seller, WLA Investments...
Park at Trowbridge

Sale and acquisition financing of independent living community in Detroit suburbs completed

JLL Capital Markets announced that it closed the $17 million sale and arranged $25.35 million in acquisition and renovation financing for The Park at Trowbridge, a 298-unit, seniors housing community located in the northern...
Yield PRO