Saturday, May 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

Riverside Capital invests in comprehensive redevelopment of Los Angeles affordable housing

Riverside Capital, LLC, a leading provider of investment capital to high quality affordable housing developers, is pleased to announce it has provided $25.4 MM in Jordan Downs 1B, the second phase of the comprehensive...
Urbana Court

Sale of multihousing community in the Twin Cities medical alley closes

JLL Capital Markets announced that it has closed the sale of Urbana Court, a 207-unit, multihousing community located in the heart of the Twin Cities medical alley in Brooklyn Park, Minnesota. JLL worked on behalf...
Legend Park Apartments

Cushman & Wakefield Arranges Sale of 360-Unit Legend Park Multifamily Community in Oklahoma

Cushman & Wakefield announced the sale of Legend Park, a 360-unit multifamily community in Lawton, Oklahoma. Built in 2010 and 2012, Legend Park has an outstanding location near major thoroughfares, top retailers, and outdoor recreation....
927 Daisy Avenue

CBRE Arranges $17 Million in Multifamily Property Sales for 1031 Exchange Buyer in SoCal

CBRE announced the acquisition of five multifamily properties in Torrance and Long Beach, California, on behalf of an exchange buyer. The five transactions fulfilled the buyer's 1031 exchange requirement following the sale of a...

CBRE arranges sale of Avia 266 apartments for $45.25 million

CBRE announced the sale of the 266-unit multifamily community Avia 266 from Thayer Manca Residential to Geringer Capital for $45.25 million. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional...
Seville Apartments

$20.1 million buys Los Angeles county multifamily investment asset

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Seville Apartments, a 77-unit multifamily investment property in Whittier, California. The...
Oak Row apartments

CBRE sells West Roxbury multifamily complex for $41.8 million

CBRE announced the $41.76 million sale of Oak Row apartments, an 80-unit luxury apartment community in West Roxbury, MA. CBRE Capital Markets’ multi-housing experts Simon Butler and Biria St. John exclusively represented the seller, a...
Summerhill at Meadowcrest

Marcus & Millichap arranges the sale of Summerhill at Meadowcrest, a 28-unit apartment building...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Summerhill at Meadowcrest, a 28-unit apartment property located in Crystal River,...
Cabana on 12th

Central Phoenix apartment complex sale brokered by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Cabana on 12th, a 252-unit multifamily asset in Phoenix, Arizona. The property sold for $54.5 million, which represents $216,270 per...
Osprey Pointe Apartments

Franklin Street arranges $56 million sale of 517-unit St. Petersburg, Florida multifamily community

Franklin Street has arranged the sale of Osprey Pointe Apartments, a 517-unit, garden-style multifamily community in St. Petersburg, Florida, for $56 million, or $108,317 per unit. Franklin Street’s Tampa-based Multifamily Investment Sales Team of Darron Kattan, Zach...
ReNew on 14th

Institutional Property Advisors closes Inland Empire multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of ReNew on 14th Apartments, a 100-unit multifamily asset in Riverside, California. “With 14.7 percent year-over-year rent increases and 1.6 percent vacancy,...
Park at Abernathy Square

Clark Ventures sells Sandy Springs Community for $132.6 million

Clark Ventures, a privately-held firm specializing in the acquisition, operation and development of upscale apartment communities, has sold Park at Abernathy Square for $132.6 million. The Cushman & Wakefield team of Mike Kemether, Travis Presnell...
The Elliott

American Landmark acquires Charlotte apartments

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired the Delaney Apartments in Concord, a suburb to the northeast of Charlotte, N.C. The property has been renamed...
Loramont on Thomas Apartments

Tower 16 Capital Partners announces the sale of Loramont on Thomas Apartments in Phoenix,...

Tower 16 Capital Partners has sold Loramont on Thomas Apartments, a 180-unit multifamily project in Phoenix, Arizona for $32.1 million. The property was purchased by Tower 16 in December 2019 for $11.7 Million in...
Lakeside on Riverwatch Apartments

Capital Square acquires multifamily community near Augusta for DST offering

Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced the acquisition of Lakeside on Riverwatch Apartments, a 200-unit garden-style multifamily community in...
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