Monday, May 6, 2024

Deal boom

Apartment deals, mergers and acquisitions

Wynwood Bay

Berkadia arranges sale and financing of boutique residential high-rise in Miami’s Wynwood Neighborhood

Berkadia announces it has arranged the sale and financing of Wynwood Bay, a 156-unit residential high-rise located in the Wynwood submarket of Miami, Fla. Senior Managing Directors Roberto Pesant and Jaret Turkell, along with...
Huntington Towers

Standard Communities Leads Public-Private Partnership Acquiring and Preserving Affordability of a 214-Unit Senior Living...

Standard Communities, a major national affordable housing developer and investor, has led a public-private partnership acquiring Huntington Towers, a 100% senior affordable 214-unit community in Mount Prospect, Illinois. The total capitalization of the transaction is...
The Residences at Galleria

Newly constructed multihousing community in suburban Kansas City secures $59.75 million in refinancing

JLL Capital Markets announced that it has closed the $59.75 million construction takeout refinancing for The Residences at Galleria, a newly constructed, Class-A, 322-unit, luxury apartment community in the Kansas City suburb of Overland...
Azura Apartments

Institutional Property Advisors closes $91 million North Phoenix multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Azura Apartments, a 387-unit apartment asset in Phoenix, Arizona. The property sold for $91 million, which equates to $235,142 per...

Fore Property strengthens its Southern California presence with opening of two new multifamily communities

Fore Property (Fore), one of the country’s top 20 largest multifamily developers, today announced the formal opening of two new multifamily communities: Arte in Rancho Cucamonga and Las Positas in Camarillo. Developed and constructed...

HFF represents the DSF Group in the $259.4M sale of class A high-rise apartments...

Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has represented The DSF Group in the $259.4 million sale of Halstead New Rochelle Metro North, a 40-story, 588-unit, Class A apartment tower in New...
Bella View

Haven Realty Capital surpasses $1.1 billion in build-to-rent portfolio value

Haven Realty Capital, one of the most active investor/operators of build-to-rent (BTR) communities in the United States, has surpassed $1.1 billion in controlled BTR assets, achieving the milestone in less than 15 months. Leveraging more...
La Fayette Park

Colliers Arranged the Sale of 120-unit La Fayette Park Apartment Community in Los Angeles

Colliers arranged the $43,440,000 sale of a three-story, 120-unit apartment community in the historic Los Angeles neighborhood of La Fayette Park. Located on a wide, tree-lined street at 349 S. La Fayette Park Place,...
Ashford Townes

Capital Square acquires build-for-rent townhome community near Raleigh 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 Ashford Townes, a 74-unit newly constructed build-for-rent townhome community in...
3045 Broadway Ave

Florida multihousing development site sells for $9 million

JLL Capital Markets announced that it has closed the $9 million sale of an off-market, shovel-ready, 180-unit apartment development site in Sarasota, Florida. JLL represented the seller, a joint venture between Defined Companies, co-founded and...

JLL arranges $6 million loan for 80 Terrace Street in Boston

JLL Capital Markets announced today that it has arranged a $6 million construction loan for the development of 80 Terrace Street, a nine-unit, boutique, for-sale condominium building in the Mission Hill neighborhood of Boston. JLL...
The Carolinian

Grubb Ventures, Stiles sell luxury multifamily development The Carolinian in Raleigh, North Carolina

A joint venture of Stiles Residential Group (SRG), a division of Fort Lauderdale-based Stiles, and Raleigh-based Grubb Ventures has sold The Carolinian, a new 186-unit luxury apartment mid-rise in one of Raleigh’s most exclusive...
Liberty Crossing

Institutional Property Advisors brokers multifamily sale in Utah

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Liberty Crossing, a 95-unit multifamily asset in Salt Lake City, Utah. “The underlying dynamics of the Salt Lake City investment market...
Helix

Greystar Announces Helix Apartments Near Boston is Now Pre-Leasing for December Move-Ins

Helix, a new apartment community in Weymouth, Massachusetts, is pleased to announce that it is now accepting pre-leases with move-ins scheduled to begin in December. "Helix will be more than just a place to live,...
Belmont Place Senior Apartments

PEF Advisors acquires affordable apartment community for Seniors in Chicago

Preservation Equity Fund Advisors, LLC (PEF Advisors), a real estate private equity group focused on preserving existing affordable housing in high-cost markets, announced its recent acquisition of Belmont Place Senior Apartments, a 110-unit affordable...
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