Saturday, May 18, 2024

Deal boom

Apartment deals, mergers and acquisitions

Verso Luxury Apartments

Berkadia arranges sale and financing of Class AA multifamily community near Orlando

Berkadia announces it has arranged the $57.75 million sale and $41.75 million financing of Verso Luxury Apartments, a 250-unit community located southwest of Orlando in Davenport, Florida.Managing Directors Matt Wilcox and Brett Moss, along...
Watermarke

386-unit multifamily asset sale completed by Marcus & Millichap in Fort Worth

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Watermarke, a 386-unit multifamily property in Fort Worth, Texas. “Located in fast-growing...
330 Cedar Avenue

Stepp Commercial completes sale of historic 25-unit apartment property in West Gateway submarket of...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $5.735 million sale of a historic 25-unit apartment property located at 330 Cedar Avenue in the West Gateway submarket...
Waterleaf Townhomes and Apartments

IMG announces the sale of a 230-unit townhome property in South Florida for $41.55...

Investors Management Group, Inc. ("IMG") announced that it has sold Waterleaf Townhomes and Apartments, a 230-unit community located at 1900 SE Hillmoor Drive in Port St. Lucie to Covenant Capital Group for $41.55 million....
Village at the Creek

Comunidad Partners and Nuveen acquire 603-unit affordable multifamily asset in ‘the most diverse square...

Comunidad Partners, a minority and women-owned real estate investment firm that specializes in workforce / affordable housing communities in culturally diverse neighborhoods, in partnership with global investment manager Nuveen, has acquired Village at the...
Palo Alto

North Austin apartment sale completed by Institutional Property Advisors in Texas

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Palo Alto, a newly built 300-unit multifamily property in in Pflugerville, Texas. “Multifamily transaction velocity slowed last year in response to...
1303-1309 Third Ave

Upper East Side multihousing development site sells for $32.325 million

JLL Capital Markets announced that it has completed the $32.325M sale of 1303-1309 Third Ave., a premier corner development site on New York City’s Upper East Side. JLL worked on behalf of the seller Gastonia,...
The Hollywood Regency Apartments

The Kanner Group brokers $21.3 million sale of The Hollywood Regency Apartments in Los...

Matthew Kanner, President of The Kanner Group of KW Commercial, is pleased to announce he has brokered the $21.3 million sale of The Hollywood Regency Apartments. The value-add, 60-unit multifamily property is located at...
Courtyard at Cedar Hills

$32.15 million sale completed for Courtyard at Cedar Hills near Portland

JLL Capital Markets announced that it closed the $32.15 million sale of Courtyard at Cedar Hills, a 145-unit value-add multihousing community located in Beaverton, Oregon, a prime suburban growth market just seven miles from...
The Exchange at Baton Rouge

Landmark Properties acquires 898-bed student housing property near Louisiana State University

Landmark Properties, a vertically integrated student housing developer and owner-operator, recently acquired The Exchange at Baton Rouge, a 299-unit, 898-bed student housing property located near Louisiana State University. The Exchange at Baton Rouge is a garden-style...
11285 Charnock Road

Stepp Commercial completes $3.05 million sale of 9-unit apartment property in the Mar Vista...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3.05 million sale of a nine-unit apartment property located at 11285 Charnock Road in Los Angeles. The asset is...
McClellan Court Apartments

$18.5 million suburban Sacramento multifamily 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 McClellan Court Apartments, a 143-unit multifamily property in North Highlands, California....
The Arrow Townhomes and Flats

TPG Real Estate Partners and Cardinal Group acquire The Arrow Townhomes and Flats, a...

TPG Real Estate Partners (“TREP”), the dedicated real estate equity investment platform of global alternative asset firm TPG, and Cardinal Group Investment Management (“Cardinal Group”), announced today that they have closed on their acquisition...
Lodge at Piner Road

Financing arranged to develop Class A seniors housing community

JLL Capital Markets announced it arranged financing for the Lodge at Piner Road, a 92-unit seniors housing development located in Santa Rosa, California, part of Sonoma County. JLL represented the borrower, Blue Mountain Enterprises and...
La Mirada Apartments

Tower 16 Capital Partners, in partnership with Drake Real Estate Partners, acquires La Mirada...

San Diego-based Tower 16 Capital Partners, in partnership with Drake Real Estate Partners, has acquired La Mirada Apartments, a 201-unit multifamily project in Tucson, Ariz. The property was acquired from a private seller in...
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