Sunday, April 28, 2024

Deal boom

Apartment deals, mergers and acquisitions

Basswood Manor

212-unit apartment property sale in Dallas-Fort Worth brokered by Marcus & Millichap

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Basswood Manor, a 212-unit multifamily property in Lewisville, Texas. “Built in 1970,...
The Willow

Capitalization secured for The Willow, a new multihousing project in Dallas, Texas

JLL Capital Markets announced it closed on the capitalization of The Willow, a 190-unit multihousing development located in the rapidly growing Deep Ellum micromarket of Dallas, Texas, on behalf of the developer, Larkspur Capital...
Harrington Village Apartments

$53.16 million acquisition financing secured for apartments near Myrtle Beach

JLL Capital Markets announced it arranged a $53.16 million, 71 percent LTC, acquisition financing for the Harrington Village Apartments, a multihousing property located in Leland, North Carolina, part of the Wilmington, North Carolina metropolitan...
Legacy at River Run

Cushman & Wakefield arranges $6.09 million sale on behalf of Legacy Partners

Cushman & Wakefield announced that the commercial real estate services firm has arranged the $6.09 million sale of Legacy at River Run, a 70-unit apartment community located in Wetumpka, Alabama. Craig Hey, Parker Caldwell and...
1900 at Canterfield

Pensam acquires 260-unit apartment community in Chicago suburbs

Pensam, a nationally recognized multifamily real estate investment firm managing over $3 billion in assets across its equity and lending platforms, is pleased to announce the acquisition of 1900 at Canterfield, a 260-unit stabilized...
PARQ at Chesterfield

Passco acquires 345-unit Class A multifamily asset in Chesterfield, Missouri for $98 million

Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has acquired a luxury Class A, trophy multifamily asset in Chesterfield,...
Park at Wakefield & Wellington

Cushman & Wakefield arranges $32.7 million multifamily sale

Cushman & Wakefield announced that the commercial real estate services firm has arranged the $32.7 million sale of The Park at Wakefield & Wellington, a 408-unit apartment community located in Birmingham, Alabama. Jimmy Adams and...
1700 Place

Cushman & Wakefield arranges multifamily sale on behalf of White Eagle Property Group

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of 1700 Place, a 214-unit apartment community located in Charlotte, North Carolina. Brooks Colquitt, Jordan McCarley and Marc Robinson...
Sundown Village

Tucson apartment asset sale closed by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Sundown Village, a 330-unit multifamily property in Tucson, Arizona. The asset sold for $54.45 million, or $165,000 per unit. “In 2020,...
Muir Lake Luxury Apartments

Sterling Real Estate Partners completes sale of luxury, lakefront community in Cedar Park

An affiliate of Sterling Real Estate Partners announces the sale of Muir Lake Luxury Apartments, a Class A, resort-style residential community developed by the local iconic developer, Larry Peel, in the Northwest Austin, Texas...
FalconView Apartments

Refinancing secured for FalconView Apartments in Colorado Springs

JLL Capital Markets announced it arranged a $61 million refinancing for the FalconView Apartments, a Class A, garden-style multihousing property in Colorado Springs, Colorado. JLL worked on behalf of the borrower, Etkin Johnson Real Estate...
Hoyt Bedford

350-unit apartment asset sale in Stamford Connecticut brokered by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Hoyt Bedford, a 350-unit apartment complex in Stamford, Connecticut. “Hoyt Bedford is a 100 percent market-rate, legacy asset located on the edge...
Azul Apartments

IMG expands San Antonio portfolio to nearly 800 apartment units

Investors Management Group ("IMG"), a California-based real estate sponsor and operator, has acquired Azul Apartments, a 246-unit community built in 2007 and located in Northwest San Antonio for an undisclosed price. IMG now owns 798...
Lola Apartments

$42.84 million acquisition financing secured for Lola Apartments in Tampa

JLL Capital Markets announced it secured a $42.84 million acquisition financing for Lola Apartments, a Class A multihousing property located in Riverview, a suburb in the southeast area of Tampa, Florida. JLL worked on behalf...
Oaks at Holcomb Bridge

Comunidad Partners acquires 304-unit multifamily asset in North Fulton submarket of Atlanta, Georgia

Comunidad Partners, a minority and women-owned real estate investment firm that specializes in workforce / affordable housing communities in culturally diverse neighborhoods, has recently acquired Oaks at Holcomb Bridge, a 304-unit multifamily housing community...
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