Thursday, May 2, 2024

Deal boom

Apartment deals, mergers and acquisitions

Montreux

Institutional Property Advisors brokers luxury multifamily asset sale for $117 million in Northeast Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Montreux, a 335-unit luxury mid-rise apartment asset in the Desert Ridge master-planned community of Phoenix, Arizona. The property sold for...
Minns Apartments

Marcus & Millichap arranges the sale of Minns Apartments in Machesney Park, Illinois

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Minns Apartments, a 36-unit apartment property located in Machesney Park, IL,...
Addington Place

Cushman & Wakefield arranges $101.25 million sale on behalf of Amzak Capital Management and...

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of a five-property portfolio totaling 1,011 apartment units located in Orlando and Tampa. The final sale price was $101.25...
Independence Towers

Independence Towers in the greater Kansas City area purchased

JLL Capital Markets announced that it completed the $6.95 million sale of the Independence Towers, a 123-home, mid-rise apartment community located in Independence, Missouri, which is part of the greater Kansas City metropolitan area. JLL...
Naismith Hall

Student housing dormitory near University of Kansas sells

JLL Capital Markets announced that it handled the sale of Naismith Hall, a student housing dorm-style community totaling 504 beds, located on campus at the University of Kansas in Lawrence, Kansas. JLL represented the seller,...
Edge & Stone

Luxury North Central San Antonio multifamily sale brokered by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Edge & Stone, a newly constructed 335-unit multifamily property in San Antonio, Texas. “Edge & Stone’s lease-up performance—an average of 30-to-40...
Harbour Court

Joint venture purchases Harbour Court Apartments in Portland

JLL Capital Markets announced that it handled the sale of Harbour Court, a 99-unit apartment community in Portland, Oregon. JLL represented the seller, Harbour Court Owner LLC, an affiliate of the ConAm Group, in completing...
Signature Place

Signature Place homes in burgeoning Des Moines sells

JLL Capital Markets announced it closed the sale of the Signature Place, a 261-home, garden-style apartment community in West Des Moines, Iowa. The sale involved the assumption of the existing Fannie Mae debt that...
Keyway Apartments

$32 million apartment property sale in Northern Nevada facilitated by Marcus & Millichap

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Keyway Apartments, a 230-unit apartment asset in Sparks, Nevada. The property...
The Riley

Institutional Property Advisors finalizes suburban Dallas multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Riley, a 262-unit multifamily property with five retail spaces located in the CityLine mixed-use development in Richardson, Texas. “The Riley’s...
Reno City Center

Parkview Financial provides $100 million loan for redevelopment of Harrah’s Reno Hotel and Casino...

Parkview Financial announced it has provided a $100 million loan to Reno City Center, LLC, an affiliate of Las Vegas-based CAI Investments, for the renovation and redevelopment of Harrah’s Reno Hotel and Casino to...
Fielder’s Glen

Texas Mid-Cities apartment asset sale brokered by Marcus & Millichap

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Fielder’s Glen, a 220-unit apartment property built in 1985 in Arlington,...
Le Marais Apartments

Multifamily asset sold in Tallahassee by Marcus & Millichap

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Le Marais Apartments, a 24-unit apartment property located in Tallahassee, Fla.,...
Warwick Apartments

Interra Realty brokers $4.55 million sale of Suburban Chicago apartment community

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $4.55 million sale of Warwick Apartments, a 32-unit rental community at 312-316 N. Warwick Ave. in Westmont, Ill., a western...
Somerset

Institutional Property Advisors completes apartment property sale in suburban Dallas-Fort Worth

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Somerset, a 372-unit multifamily asset in Lewisville, Texas. “The Lewisville submarket has experienced strong multifamily fundamentals, including average occupancy of 95.6...
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