Saturday, May 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

Mill Creek announces groundbreaking of Modera Lake Merritt

Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., announced the groundbreaking of Modera Lake Merritt, a luxury mixed-use community in Oakland’s thriving Uptown neighborhood. Situated one...
Oasis at Sarasota

Newmark Knight Frank Multifamily brokers sale and financing of luxury apartment in Sarasota

Newmark Knight Frank Multifamily announces the sale and financing of Oasis at Sarasota, a 324-unit, community located near Downtown Sarasota, University Town Center Mall and minutes from award winning beaches. The property was 92...
The Brookliner

CBRE secures joint venture partner for The Brookliner, a mixed-use development in Brighton, Mass.

CBRE has secured a joint venture partner for the development of The Brookliner, a mixed-use transit-oriented community in the Brighton neighborhood of Boston, Massachusetts. CBRE’s team of Simon Butler, Biria St. John and Kyle Juszczyszyn...
Poplars Apartments

Greystone Bel completes $4 million sale of 105-unit multifamily property in Saginaw, MI

Greystone Bel recently closed the sale of The Poplars Apartments, a 105-unit multifamily property in Saginaw, Michigan for $4,000,000 or $38,095 per unit. Austin Hull of the Greystone Bel Real Estate Advisors investment sales team...
Saxon Trace Apartments

Avanath Capital Management acquires three affordable housing communities totaling 290 units in Orlando, Florida...

Avanath Capital Management, a private real estate firm that invests in affordable and workforce housing properties throughout the U.S. on behalf of institutional investors, has announced the acquisition of three affordable housing communities: two...
Turtle Creek

Berkadia arranges sale and financing of 128-unit apartment community in St. Louis, Missouri

Berkadia announces it has arranged the sale and financing of Turtle Creek, a 128-unit Class A multifamily asset in St. Louis, Missouri. Managing Director Ken Aston and Senior Director Andrea Kendrick of Berkadia’s St....
The Marin by Arium

American Landmark acquires 223-unit multifamily community in Fort Lauderdale, Florida

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired The Marin by Arium, a 223-unit multifamily community in Fort Lauderdale, Florida. The property will be renamed The...
3011 E. 4th Street

Stepp Commercial completes $2.32 million sale of apartment property in Coveted Long Beach 4th...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.32 million sale of an 8-unit apartment property located at 3011 E. 4th Street in the heart of the...
Haven on the Lake

Monument Capital Management enters Missouri market with $67.3 million acquisition of 528-unit community in...

Monument Capital Management, an A-Rod CORP company and one of the country’s premier fully integrated real estate investment firms, announces the $67.3 million acquisition of Haven on the Lake, a 528-unit multifamily community in...
Greentree Homes Apartments

Magma Equities acquires 146-unit multifamily community in West Knoxville, Tennessee for $15.425 million

Multifamily investment firm Magma Equities (Magma) in partnership with Viking Partners has added to its Tennessee portfolio with the acquisition of Greentree Homes Apartments, a 146-unit garden-style community in Knoxville for $15.425 million. The property,...
Hamlet Cove Apartments

Cushman & Wakefield represents DLS Partners in $13 million sale

Cushman & Wakefield announced that Executive Directors Nick Meoli and Mike Donaldson have represented DLS Partners in its disposition of Hamlet Cove, a multifamily community in Gainesville, Florida. Greenberg Apartment Communities acquired the asset...
Stillwater Palms

TruAmerica buys apartment communities in Nevada, Florida and Utah in transactions totaling $209 million

TruAmerica Multifamily (TruAmerica) has increased its footprint in some of the strongest multifamily markets in the United States after closing last week on garden-style communities in Las Vegas, Nevada; Tampa, Fla.; and Salt Lake...
Paddock Estates

CBRE arranges sale of 244-unit multifamily community in Boxborough, Massachusetts

CBRE announced that it has arranged the sale of Paddock Estates, a 244-unit, Class A garden-style apartment community located at 1 Paddock Lane in Boxborough, Massachusetts. CBRE Capital Markets’ multihousing experts Simon Butler, Biria St....
Courthouse Square

JVM Realty Corp. acquires luxury apartment community in Chicago’s Western Suburbs

JVM Realty Corp., a leading vertically integrated multifamily real estate investment and property management firm, announced it has acquired Courthouse Square, a 149-unit Class A apartment community 25 miles west of Chicago in the...

Levin Johnston directs competitive acquisition of trophy multifamily asset in Redwood City

Levin Johnston, a division of Marcus & Millichap and one of the top ten multifamily brokerage teams in the U.S., has directed the $13.6 million acquisition of 10 Birch, a 27-unit multifamily community located...
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