Tuesday, May 14, 2024

Deal boom

Apartment deals, mergers and acquisitions

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...
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...
Yield PRO