Wednesday, November 27, 2024

Deal boom

Apartment deals, mergers and acquisitions

(TOD) senior apartments

Oakland Celebrates Groundbreaking for New Affordable Housing (TOD) Senior Apartments

Bay Area Housing Finance Authority (BAHFA) leaders today joined the East Bay Asian Local Development Corporation (EBALDC) and community partners to break ground on EBALDC's 97-unit Chinatown Senior Transit-Oriented Development (TOD) senior apartments adjacent...
Island Gateway

LRT Company Fully Subscribes Nearly $5M Ground Lease DST Offering Island Gateway Near Hilton...

LRT Company, an opportunistic development firm and sponsor of Section 1031 investment offerings, announced that it has fully subscribed its Regulation D private placement offering, LRT Island Gateway 5 DST. The all-cash offering raised...
Mews at Holding Village

Tri Pointe Homes Opens The Mews at Holding Village Final Phase of Holding Village...

Tri Pointe Homes®, a nationally recognized and rapidly expanding leader in the Raleigh sector, is now offering The Mews at Holding Village, the final new construction phase in the popular Holding Village neighborhood in...
620 Avenue

RXR and Hudson Bay Capital to Acquire and Reposition Iconic 620 Avenue of the...

RXR, through its Office Recovery Fund, and Hudson Bay Capital have partnered to acquire and recapitalize 620 Avenue of the Americas, a historic 500,000 square-foot office and retail building in Manhattan's Chelsea neighborhood. The...
Toorak

Toorak Capital Partners Completes its First-Ever RTL Securitization Exclusively Backed by Multifamily and Mixed-Use...

Toorak Capital Partners LLC (“Toorak”), a leading capital provider to the private real estate lending industry, announced the successful closing of Toorak Mortgage Trust 2024-2 (“TRK 2024-2”), its first residential transition loan (“RTL”) securitization...
Kensington Crossing

The Milestone Group Acquires Two Apartment Communities Magnolia Falls and Kensington Crossing Totaling 676...

The Milestone Group ("Milestone") announces the acquisition of two Fredericksburg, VA apartment communities, Kensington Crossing with 476 units, and Magnolia Falls with 200 units. The purchase prices were not disclosed. "These two assets are very...
Greenfield Commons

EAH Housing Announces Construction Underway on Greenfield Commons

EAH Housing, one of the largest and most respected nonprofit housing development and management organizations in the western United States, announced construction is underway at Greenfield Commons, with the last modular stack for Greenfield...
Arden

JLL Assists with Securing the Loan for Arden Townhomes Near Chicago

JLL Capital Markets announced that it has arranged a $25 million financing for Arden Townhomes, a 60-unit, newly constructed townhome community in Warrenville, Illinois. Located at 28291-28417 Torch Parkway, Arden Townhomes is nestled in the thriving...
Cantara at Legacy Pointe

EMBREY Announces Closing on Financing For Multifamily Community Cantara at Legacy Pointe Near Nashville

EMBREY has closed on financing for construction of a 350-unit multifamily community Cantara at Legacy Pointe in Spring Hill, Tennessee, in the Maury County submarket south of Nashville, known for its family-friendly blend of...
Kinetic

Toll Brothers Campus Living® Opens Kinetic, a New Luxury Student Apartment Community in Atlanta

Toll Brothers Campus Living®, a division of Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, announces the opening of Kinetic in Atlanta. Kinetic is a new off-campus apartment community designed...
Cantera

Marcus & Millichap Brokers Sale of 172-Unit Apartment Community Cantera in Carrollton Texas

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Cantera, a 172-unit apartment community in Carrollton, Texas. "Carrollton has always been an...
North Bay Village

MG Developer Acquires Waterfront Land for New Mixed-Use Project in North Bay Village

MG Developer, one of the top real estate development firms in South Florida, announces the $30.9 million acquisition of two waterfront parcels totaling 42,750 square feet in North Bay Village for the launch of...
Leyland Community

43-Unit Affordable Senior Housing Leyland Community Opens In Boston’s Dorchester Neighborhood

Hebrew SeniorLife, along with partner Dorchester Bay Economic Development Corporation, celebrated the opening of its newest community, Leyland Community, with a ribbon-cutting celebration at the Dorchester location. The Upham's Corner community offers 43 senior apartments...
The Landing at Lakewood Harbour

Luxury Apartment Complex The Landing at Lakewood Harbour Nearing Completion in Lexington

The Landing at Lakewood Harbour, a luxury lake-view apartment complex in Lexington, KY, is approaching completion with an expected opening in February 2025 by Andover Construction LLC. This five-story mid-rise has 100 upscale units, including...
student housing projects

Kennedy Wilson Closes $184M of Student Housing Projects Construction Loans

Kennedy Wilson, a leading global real estate investment company and active national student housing lender, has recently closed senior construction loans for the development of three student housing projects totaling $184 million at the...
Yield PRO