Friday, April 19, 2024

Deal boom

Apartment deals, mergers and acquisitions

Timber Ridge

Cushman & Wakefield arranges multifamily sale on behalf of RealSource

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Timber Ridge, a 320-unit apartment community located in Mobile, Alabama. Jimmy Adams and Craig Hey of Cushman & Wakefield...
High River

Cushman & Wakefield arranges multifamily sale on behalf of Hudson Capital Properties

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of High River, a 176-unit apartment community located in Tuscaloosa, Alabama. Jimmy Adams and Craig Hey of Cushman & Wakefield...
4520 S. Vincennes Avenue

Interra Realty brokers $1.5 million sale of 18-unit rental community in Chicago’s Bronzeville neighborhood

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $1.5 million sale of 4520 S. Vincennes Ave., an 18-unit apartment community in Chicago’s Bronzeville neighborhood. The price was $83,000...
The Barry Quad

Kiser Group advises on the $32.3 million sale of 115-unit condo deconversion in Lakeview

Kiser Group, Chicago's leading multifamily brokerage firm, has advised on the $32.3 million sale of The Barry Quad, a three-building, 115-unit condo deconversion in the Lakeview neighborhood of Chicago. Kiser Group Advisors Andrew Friedman...
Ridge at Hamilton Crossing

Cushman & Wakefield arranges multifamily sale of The Ridge at Hamilton Crossing

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Ridge at Hamilton Crossing, a 353-unit apartment community located in Maryville, Tennessee. Jimmy Adams and Craig Hey of...
Mag & May

Institutional Property Advisors brokers apartment building sale in Fort Worth’s Magnolia Urban Village

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Mag & May, a 240-unit apartment property in the Magnolia Urban Village community of Fort Worth, Texas. “Mag & May’s high...
Promenade Apartments

The RPH Multifamily Group of Marcus & Millichap sells a 29-unit apartment community in...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Promenade Apartments, a 29-unit apartment property located in Sarasota, Fla., according...
The Ridge at Readington

$42 million construction loan secured to develop The Ridge at Readington

JLL Capital Markets announced it has arranged a $42 million construction loan for the development of The Ridge at Readington, a 254-unit apartment community located in Readington, New Jersey. JLL worked on behalf of the...
Alexan Southside

PCCP, LLC provides $30 million senior loan to Madera Residential for the acquisition of...

PCCP, LLC announced it has provided a $30 million senior loan to Madera Residential for the acquisition of Alexan Southside, a 270-unit Class A multifamily community located at 4139 Bellaire Boulevard in the inner...
One Rocky Ridge

Fogelman Properties completes acquisition of 300-unit multifamily community in Douglasville, 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 One Rocky Ridge, a 300-unit multifamily community located in Douglasville,...
Overlook at Anaheim Hills

Avanath Capital Management acquires 261-unit senior housing community in Anaheim Hills, Calif. for $87.5...

Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has acquired its second senior housing community in Orange County in less than 90 days, Overlook at Anaheim Hills in...
7000 Wisconsin Ave

Capitalization closed for Class A multihousing development at 7000 Wisconsin Ave.

JLL Capital Markets announced that it closed the capitalization for a Class A multihousing development located at 7000 Wisconsin Ave. in Bethesda, Maryland, which is less than 10 miles from Washington D.C. The high-rise development...
City West

Institutional Property Advisors brokers multifamily sale in Orlando Florida

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of City West, a 300-unit apartment property in Orlando, Florida. The asset sold for $49.75 million. The buyer assumed the existing...
Coral Falls

Value-add apartments purchased for $40.2 million in Coral Springs, Florida

JLL Capital Markets announced it has closed the $40.2 million sale of Coral Falls, a 190-unit value-add multihousing property located in Coral Springs, Florida, which is just 20 miles northwest of Fort Lauderdale. JLL worked...
225 Mallorca Way

Gino Franco and Sandy Skeie of Marcus & Millichap broker multifamily asset sale in...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced sale of 225 Mallorca Way, a 21-unit multifamily property at Mallorca Way and Capra...
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