Thursday, May 2, 2024

Deal boom

Apartment deals, mergers and acquisitions

Vantage at Powdersville

Institutional Property Advisors completes multifamily asset sale in South Carolina

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Vantage at Powdersville, a 288-unit multifamily asset in Greenville, South Carolina. “The property presents the buyer with a first-generation value-add opportunity...
Adagio at Westshore Palms

RPH Multifamily Group of Marcus & Millichap sells Class-A community for record setting price...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Adagio at Westshore Palms, a 47-unit apartment property located in Tampa,...
Oxford Park Apartments

FCP and S2 acquire Oxford Park apartments in Irving, Texas

FCP and S2 Capital have acquired Oxford Park Apartments, a 308-unit garden apartment community in Irving, Texas. The off-market transaction marks the third deal in DFW in the last 12 months between S2 and FCP. “The...
Copper Falls

Metropolitan Phoenix apartment asset sale brokered by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Copper Falls, a newly constructed, 240-unit multifamily asset in the West Valley neighborhood of Glendale, Arizona. The $72 million sales...
Veere Apartments

Berkadia arranges sale and financing for new Class AA community in Orlando

Berkadia announces it has arranged the $68.5 million sale and $36.25 million financing of Veere Apartments, a 250-unit class AA garden style community located in Orlando. Managing Directors Brett Moss and Matthew Wilcox, alongside...
Haven on the Lake

Monument Capital Management enters Missouri market with $67.3 million acquisition of 528-unit community in...

Monument Capital Management, an A-Rod CORP company and one of the country’s premier fully integrated real estate investment firms, announces the $67.3 million acquisition of Haven on the Lake, a 528-unit multifamily community in...
The Den

Hamilton Point Investments purchases Columbia, Missouri, student housing property

Transwestern Real Estate Services (TRS) announces it has brokered the sale of The Den, a 552-bed student housing community at 1412 Grindstone Plaza Drive in Columbia. Transwestern Senior Managing Directors Mike McGaughy and Jon...
Marina Del Rey

Cushman & Wakefield arranges $24.5 million sale on behalf of Finvarb Group

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Marina Del Rey, a 108-unit apartment community located in Miami Beach, Florida. The final sale price was $24.5...
Reign Living at the Stadium

Cushman & Wakefield arranges sale on behalf of Reger Holdings

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Reign Living at the Stadium, a 126-unit, 504-bed student housing apartment community located in Columbia, South Carolina, adjacent...
Pine Ridge

The Multifamily Group brokers 32 units in Mount Pleasant, Texas

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week it had facilitated Pine Ridge's sale in Mount Pleasant. Advisor Yonnic Land represented the seller and procured the buyer. "The seller...
Cameron Apartments

ABI Multifamily brokers four deals totaling $176.4 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the sale of the following properties this week: $47,750,000 / $170,536 Per Unit / $264.42 Per...
The Urban

TruAmerica Multifamily acquires apartment communities in Phoenix and Nashville for $196 million

TruAmerica Multifamily has added nearly 1,000 apartment homes to its national multifamily portfolio after closing on two garden-style communities in Nashville, Tennessee and Phoenix, Arizona, in separate transactions totaling $196 million. TruAmerica continues its focused...
Milford Station Apartments

Gelfund Real Estate Opportunities buys Baltimore apartment property for $30 million

Transwestern Real Estate Services (TRS) announces its Mid-Atlantic Multifamily Group has brokered the sale of Milford Station Apartments, a 200-unit, value-add investment property at 19 Warren Park Drive in Pikesville, Maryland. Real estate investment...
Caroline

Cushman & Wakefield arranges sale on behalf of South City Partners, ELV Associates Inc....

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Caroline, a 237-unit apartment community located in Charleston, South Carolina. Robert Stickel, Marc Robinson, Tai Cohen, and Alex Brown...
Breezes at Palm-Aire

Berkadia arranges fractured condo sale and financing in Pompano Beach, Florida

Berkadia announces it has arranged the sale and financing of 153 condominium units at Breezes at Palm-Aire, a 288-unit, garden-style residential community located in Pompano Beach, Fla. The buyer was Axonic Properties, LLC managed...
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