Monday, May 6, 2024

Deal boom

Apartment deals, mergers and acquisitions

TruAmerica Multifamily grows Southeast United States portfolio by 782 units with acquisitions in Tampa,...

TruAmerica Multifamily, in separate transactions, has acquired two large garden-style apartment communities in Tampa, Fla. and Atlanta, GA growing its Southeast U.S. portfolio to approximately 10,000 apartment homes with assets located in Florida, Georgia, Tennessee and North Carolina. After...
Fairways at San Marcos

Institutional Property Advisors completes $84.48 million multifamily sale in Greater Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Fairways at San Marcos, a 352-unit apartment asset in Chandler, Arizona. The $84.48 million sales price equates to $240,000...
Trellis at the Lakes

Admiral Capital Group and ESG Kullen complete successful sale of Trellis at The Lakes...

Admiral Capital Group and ESG Kullen announced the successful sale of Trellis at the Lakes, a 688-unit multifamily property located in St. Petersburg, Florida, in the Tampa MSA. Admiral and ESG acquired the apartment community...

JLL arranges financing totaling $117.86 million for New Jersey apartments

JLL announced today it has arranged financing totaling $117.86 million for Everly Roseland, a 360-unit apartment community located in Roseland, Essex County, New Jersey. JLL worked on behalf of the borrower, Novel Property Ventures, to...
The Cannery at Railroad Square

$16.333 million financing secured for Santa Rosa affordable housing project

JLL Capital Markets announced that it has arranged the $16.333 million construction financing of The Cannery at Railroad Square, a 129-unit affordable housing project located in Santa Rosa, California. This transaction marks the first...
The Views at Georgia Avenue

Parkview Financial provides $7.2 million construction loan for 20-unit apartment property in Washington D.C.

Parkview Financial announced it has provided a $7.2 million construction loan to GA Views Management, LLC for the completion of The Views at Georgia Avenue, a Class A, 20-unit apartment property. Located at 3557...

Iconic downtown Kansas City landmark for sale at $49 Million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced it has been awarded the exclusive listing for 909 Walnut, a 34-story Art Deco, Gothic Revival-style building and an adjacent eight-story parking garage...
Cabana Bridges

Greenlight Communities Announces Leasing is Underway for Cabana Bridges in Tucson

Arizona’s attainable housing leader, Greenlight Communities, is proud to close out 2023 with several major milestone, including 4 completed and 6 new attainable rental communities currently under construction across the state, further expansion into...
Park Drive

JLL Arranged the Refinancing of the 444-unit Multifamily Community on Park Drive in Chicago

JLL Capital Markets announced that it has closed the $127 million refinancing of 465 N. Park Drive, a 444-unit, multifamily project located in the Streeterville neighborhood of downtown Chicago. JLL represented the borrower, a joint...
Lake Park Crescent Apartments

Standard Communities leads public-private partnership acquiring 148 unit mixed income community in Chicago

Standard Communities, a major national affordable housing developer and investor, led a public-private partnership that acquired Lake Park Crescent Apartments, a 148-unit mixed income community in Chicago. The total capitalization of the transaction is approximately...
Apex Glassworks

Invictus, L3C acquire multifamily asset in Nashville’s Metrocenter submarket for $93.6 million

Newmark announces the $93.6 million sale and $69 million financing of Apex Glassworks, a 282-unit, recently constructed multifamily community located in Metrocenter, a fast-growing infill submarket in the heart of Nashville. The property traded from...
Villa Valentino

Universe Holdings acquires historic multifamily community in Hollywood for $6.9 million

Universe Holdings has acquired, Villa Valentino, an historic 18-unit multifamily community in Hollywood, CA for $6.9 million. Built in 1926, the property at 2000 N. Highland Boulevard and once home to Charlie Chaplin is registered...
Regency Palms

The Mogharebi Group Arranges $127M Apartment Transaction in Huntington Beach California

The Mogharebi Group (TMG), has announced the $127 million sale of Regency Palms, a 310-unit gated multifamily community in Huntington Beach, California in what is one of the largest multifamily transactions in Orange County over...
Greysolon Plaza

Affordable housing community in Minnesota trades for $17.45 million

JLL Capital Markets announced that it has closed the $17.45 million sale of Greysolon Plaza, a 150-unit affordable housing community located in downtown Duluth, Minnesota. JLL completed the sale from the seller, Sherman Associates, to...
Alturas

CGI+ acquires multifamily community in Oxnard, California for $50.7 million

CGI+ Real Estate Strategies’ ongoing efforts to broaden its investment platform has led to the firm to make its second suburban purchase in the last 11 months with the acquisition of Alturas, a 170-unit...
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