Thursday, March 28, 2024

Deal boom

Apartment deals, mergers and acquisitions

Altaire

LCOR refinances Altaire apartments for $135 million

JLL Capital Markets announced that it has arranged $135 million refinancing for the 451-unit Altaire apartments in Arlington, Virginia. JLL worked on behalf of the borrower, LCOR, to secure the five-year, floating-rate loan to take-out...
Kelley at Samuels Ave

One-of-a-kind Fort Worth multifamily asset sale facilitated by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Kelley at Samuels Ave, a 353-unit multifamily asset in one of the oldest neighborhoods in Fort Worth, Texas. “Among Kelley at...
121 East 37th St

Multihousing property in Murray Hill sells for $8.7 million

JLL Capital Markets announced that it has completed the $8.7 million sale of 121 East 37th St., an 8,850-square-foot multihousing building in New York’s Murray Hill neighborhood. JLL represented the seller. Kay-Medix acquired the newly...
Timberwood Commons

CBRE arranges sale of Timberwood Commons to affiliate of Audubon Capital Partners for $69.25...

CBRE announced that it has arranged the $69.25 million sale of Timberwood Commons, a 252-unit 100 percent market rate multifamily community located at 6 Timberwood Drive in Lebanon, New Hampshire. CBRE Capital Markets’ multi-housing experts...
The Westside Collection

$72.65 million Westside Los Angeles multifamily portfolio sale brokered by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of the Westside Collection, an eight-property, 212-unit multifamily portfolio located in the Westside region of Los Angeles County, California. The total...
The Flynn

Stepp Commercial completes $7.68 million sale of The Flynn, a 37-unit apartment property, in...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $7.68 million sale of The Flynn, a 37-unit apartment property located at 170 S. Mountain View Avenue in Los...
Hudson Place Apartments

RPH Multifamily Group of Marcus & Millichap arranges the sale of a 44-unit apartment...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Hudson Place Apartments, a 44-unit apartment property located in Clearwater, Florida,...
The Bradley

Acquisition financing secured for The Bradley in Miami

JLL Capital Markets announced it arranged acquisition financing for The Bradley, a newly developed, 175-unit luxury apartment community with 31,235-square-feet of ground-floor retail, located in the burgeoning Wynwood district of Miami, Florida. JLL worked on...
Treviso Grand

Treviso Grand, the newest multihousing community in Venice, Florida, sold

JLL Capital Markets announced that it has closed on the sale of Treviso Grand, a Class A, 272-unit, garden-style apartment community located in the Venice submarket of Sarasota, Florida. JLL worked on behalf of the...
Spanish Oaks Apartments

Next Wave expands Las Vegas footprint with acquisition of 216-unit multifamily community

Next Wave Investors, LLC (“Next Wave”) a private equity firm focused on value-add multifamily investments, has acquired Spanish Oaks, a 216-unit garden style multifamily community in Las Vegas, Nevada for $28.075 million. Through existing broker...
Axio 8400

Luxury multifamily property sale completed by Institutional Property Advisors in Greater Salt Lake City

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Axio 8400, a 332-unit multifamily asset located 13 miles from Downtown Salt Lake City in Sandy, Utah. “The Greater Salt Lake...
The Coventry Apartments

North Texas apartment asset sale closed by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Coventry Apartments, a 240-unit apartment property in the Dallas-Fort Worth suburb of Denton, Texas. “Denton has seen extraordinary growth in...
The Henry at Liberty Hills

Berkadia arranges debt and equity for Class A Houston apartments

Berkadia announces it has arranged debt financing and secured an equity partner for the acquisition of The Henry at Liberty Hills (formerly known as SYNC at Liberty Hills), a 228-unit luxury garden style community...
Calabria

Rare East King County apartment building sells for $9 million

Calabria, a multifamily property located at 2000 NW Talus Drive in Issaquah, Washington, has sold for $9,000,000 ($450,000 per unit) to a local apartment investor, Fourth Avenue Capital. The seller, Pacifica Companies out of...
BeltLine & Boulevard

Joint venture of PCCP, LLC and Middle Street Partners acquires site for 323-unit apartment...

PCCP, LLC announced that it formed a joint venture with Middle Street Partners for the site acquisition and construction of BeltLine & Boulevard, a 323-unit Class A multifamily community with 5,000 square feet (sf)...
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