Wednesday, November 27, 2024

Deal boom

Apartment deals, mergers and acquisitions

Lessen360™

Lessen Unveils Lessen360™,  the Next-Generation Solution for Centralized Multifamily Maintenance

From inspections and make-readies to preventative maintenance and asset lifecycle planning, Lessen's Lessen360™ helps multifamily real-estate owners, operators, and managers lower costs while increasing resident satisfaction. Lessen, the leading provider of end-to-end real estate property...
Bees Ferry Road

Madison Capital Group Closes $16MM Preferred Equity Raise for Bees Ferry Road Townhome Community...

Madison Capital Group has successfully closed Madison Bees Ferry Road Pref, LLC, a $16 million preferred equity raise to fund a premier build-for-rent townhome community project located on Bees Ferry Road, adjacent to the...
The Axel

Alpaca Real Estate and Hope Street Recapitalize Trophy Residential Asset The Axel

Alternative investment management firm Alpaca Real Estate (“ARE”) announced that it has recapitalized The Axel, a 97% leased 29-story, 284-unit Class A trophy residential property in Brooklyn in a transaction valued at approximately $300M. Situated...
573 Meeting Street

The Michaels Organization, Spandrel Development, and One80 Place to Transform Vacant Property at 573...

The Michaels Organization, working in partnership with One80 Place and Spandrel Development Partners, is set to transform a vacant lot in downtown Charleston into much-needed permanent, affordable housing exclusively serving homeless individuals and families,...
Casa Estílo

Grand Opening of Casa Estílo Senior Living Apartments

Royal Property Management Group Enters the Luxury Housing Market in Chula Vista, CA with the highly anticipated Casa Estílo Senior Living Apartments, an active 55+ community, has officially opened its doors. Managed by Royal Property...
Southdown Aldea

Southtown Oxbow Site Priming for Development of Southdown Aldea

Oxbow Development Group is proceeding with a redevelopment project in San Antonio that will replace the former San Antonio school district headquarters. The company is planning a mixed-use project to be called “Southdown Aldea,”...
Madison Midtown

Madison Capital Group Secures $33.5M Loan and $15.3M Preferred Equity Raise for New Multifamily...

Madison Capital Group, a North Carolina-based real estate development and investment firm, has successfully closed a $33,500,000 loan from First Citizens Bank, brokered by Berkadia, along with a $15.3 million preferred equity raise for...
Garden Village

Hawkins Way Makes Second Berkeley Acquisition of Student Housing Property ‘Garden Village’

Hawkins Way Capital, a fully vertically integrated real estate company with $3 billion of assets under management, acquired Garden Village, a 77-unit student housing property in Berkeley. Garden Village is now operating as FOUND Study...
Eastside Trail project

Eastside Trail Project Developer Adding 780 Apartments

New City is asking Metro Atlanta for permission to include 780 new apartments in its $1 billion Atlanta Beltline Eastside Trail project. There is no timeline for when the project will begin. New City...
The Sophie

The Sophie Now Open For Leasing

The Sophie, a 282-unit, luxury apartment home community located in the heart of New Braunfels, Texas is now open for leasing. Developed and managed by AOG Living, the Class A community further expands AOG's...
Samo Collection

Gortikov Capital Acquires Samo Collection Portfolio of 399 Affordable Housing Units in Santa Monica...

Gortikov Capital, a leading firm specializing in multifamily and commercial real estate investment, management, and advisory, announced that it has acquired, Samo Collection, a portfolio of 399 income- and rent- restricted affordable housing units...
Joy Realty Portfolio

CBRE Arranges Sale of Joy Realty Portfolio in Boston’s Fenway and Longwood Medical Neighborhoods

Representatives of CBRE, led by Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler announced the sale of Joy Realty Portfolio, a 284-unit, eight building apartment portfolio in two separate transactions in Boston’s...
Urban East

JLL Secures Loan for Urban East Multifamily Community in Austin

JLL Capital Markets announced that it has secured a $55 million loan for Urban East, a newly constructed, 381-unit, Class A multifamily community in Austin, Texas. JLL worked on behalf of the ownership team which...
Blackstone Avenue

Interra Realty Closes $9MSale of Mixed-Use Building on Blackstone Avenue in Chicago’s Hyde Park...

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of a mixed-use building at 5300 S. Blackstone Avenue featuring 24 apartments as well as two ground-floor commercial spaces. Interra...
The Biltmore

Institutional Property Advisors Closes Multifamily Sale of The Biltmore in Arlington Texas

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Biltmore, a 186-unit multifamily property in Arlington, Texas. “Located in North Arlington, the property has received significant capital improvements to...
Yield PRO